Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy

Largest Winemaker In America Turns To Hard Liquor As Young People Drinking Less E. & J. Gallo Winery, the largest wine producer in the United States and the world by volume, has completed a major pivot into hard liquor. The family-owned giant finalized its acquisition of iconic Kentucky bourbon brand Four Roses from Japan’s Kirin Holdings in a deal valued at up to $775 million. The move comes as the U.S. wine industry grapples with steep declines in sales and a generational shift away from traditional wine - especially among...

Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin Authored by Stacy Robinson via The Epoch Times (emphasis ours), An appeals court has put a stop to criminal contempt proceedings initiated by a district judge against the Trump administration. District Judge James Boasberg, chief judge of the District Court for the District of Columbia, stands for a portrait at E. Barrett Prettyman Federal Courthouse in Washington on March 16, 2023. Carolyn Van Houten/The Washington Post via AP In a brief, unsigned order on April 14, the Court of Appeals for the D.C. Circuit...

"Prepare For More Severe Scenarios": Bank Of England Chief Warns Of AI Threat To Global Financial System As the world marches towards open-weight, efficient, unrestricted frontier AI models out of China, Western leaders are starting to panic over the lack of guardrails. Most recently, Bank of England Governor Andrew Bailey suggested that the threat posed by AI could lead to a chaotic correction in global financial markets, as frontier models are now showing "increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities." Governor of the Bank of England Andrew Bailey addresses the...