Israel Prepares to Return to War as Trump Attempts to Break Iran’s Hold on Strait of Hormuz

Iranian Foreign Minister Abbas Araghchi has said that the flare-ups in the Strait of Hormuz on Monday show there’s no “military solution” to the crisis and warned the US and the UAE against being drawn into a “quagmire” in the region. “Events in Hormuz make clear that there’s no military solution to a political crisis,” […]

ADP Employment Report Signals Biggest Job Additions In 15 Months In April With non-farm payrolls looming, we get another glimpse at the labor market today from the ADP Employment Report which shows the US economy added 109k jobs in April (a slight disappointment relative to +120k exp). That is the tenth straight month of job additions and strongest monthly addition since January 2025... Source: Bloomberg Under the hood, Goods-producing jobs rose 15,000 while Service-providing jobs rose 94,000. "Small and large employers are hiring, but we're seeing softness in the middle," said Dr. Nela Richardson Chief Economist,...