US Marines Board Iranian Tanker As Trump Teases 'Final Stages' Of Talks, But Tehran Warns 'New War' On Horizon

The rise in oil prices defied a U.S. effort hours earlier to reassure markets with an announcement of the second-largest ever release from the nation's petroleum reserve.

Self-Flagellation Nation Authored by Frank Filocomo via RealClearBooks, You've probably heard the refrain before, but it bears repeating: The West is the best. As I write this, it's nearly one hundred degrees Fahrenheit here in Brooklyn. Thank God for air conditioning. The air conditioner, by the way, was invented by the New York-born Willis Carrier in the early part of the twentieth century. Willis was, without question, a product of Western Civilization. Before the AC - which we, no doubt, take for granted nowadays - our ancestors, when faced with the dog days of...

Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years The number of Americans filing for unemployment benefits for the first time jumped to its highest in three months last week at 225k (215k exp), but this remains well within the range of the last five years... Source: Bloomberg The biggest increase in initial claims came from California while Texas saw the biggest decline... Continuing Jobless Claims dipped to 1.777 million Americans (remaining below the 1.8mm Maginot Line), just above two year lows... Source: Bloomberg However, despite the seemingly solid claims...