Korean Bubble Mania: Retail Investors Max Out On Margin Debt, Choose To "Risk Complete Collapse" Than Miss Stock Rally

US To Revoke Passports Of People Who Owe 'Significant' Child Support Authored by Jack Phillips via The Epoch Times (emphasis ours), The Department of State announced on May 7 that it would revoke the U.S. passports of parents who are significantly behind on child support payments. The department said it would work with the Department of Health and Human Services (HHS) to revoke passports of individuals who owe “significant child support debt,” providing a link to the new guidance. “Anyone owing child support debt should arrange payment now with the relevant state child...

President Trump has expressed “serious interest” in the idea of sending US troops into Iran, NBC News reported on Saturday, citing US officials. The officials said that Trump has discussed the idea of deploying ground troops with aides and senior Republicans in Congress. Publicly, the president has refused to rule out the idea of putting […]

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...