Axios: Israel Wants Trump To Order US Special Forces Operation To Seize Iran’s Enriched Uranium

"The State Does Not Create Wealth; It Consumes It": Europe's Socialist Model Hits The Wall Authored by Daniel Lacalle via dlacalle.com, Decades of bloated government, entitlements, subsidies, and mass migration have destroyed Europe's competitiveness and growth, all paid for with ever-rising taxes and more debt. They have also created enormous social discontent. Taxpayers are exhausted, and the recipients of subsidies are looting and vandalizing the streets. The flames in French cities are the bill that is arriving. On Saturday 17 October, France burned again. What began as marches against the cost of...

July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1% Ahead of today's jobs report, in our payrolls preview we warned that "July Has Emerged As A Very Poor Month For Jobs" and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in February. As noted above, the -23K print was below all estimates... ......

PG&E, California Utilities Crash As Wildfire Bill Spark Downgrade Wave Shares of California's largest publicly traded utilities crashed on Monday morning after state lawmakers unveiled wildfire legislation that failed to provide the liability protections Wall Street analysts had hoped for. PG&E plunged as much as 21%, its sharpest decline since 2020, while Edison International crashed as much as 24%, its largest drop since 2018. Sempra fell 5%. The development sparked a wave of Wall Street downgrades tracked by Bloomberg. Mizuho Securities downgraded PG&E, Edison, and Sempra to neutral from outperform, citing the...