ADP Reports US Economy Added The Most Jobs In 16 Months In May

President Trump told the Financial Times on Sunday that he wants to “take” Iran’s oil in an operation that could involve the US seizing and occupying Kharg Island, a major Iranian oil export hub deep inside the Persian Gulf. The US president said that his “preference would be to take the oil” and compared the […]

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance remains robust and domestic equities extend their bubble.  Let's take a closer look at what's driving the key moves in...

Trump Mentions Tapping The 'Older Stuff' While Dismissing Reports Of Missile Shortages The below Trump exchange with reporters in the Oval Office on Monday seems a tacit admission from the Commander-in-Chief that yes, the United States is running out of standoff munitions... Q: Several military leaders have reportedly told Hegseth that a prolonged, large-scale operation in Iran weakens our ability to confront threats elsewhere, including the homeland. Have you heard that? TRUMP: We're very respected. Nobody else would be crazy enough to do it... We have unlimited amounts of... older stuff. Q: Several...