Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years

Backlash After Columbus, Ohio Announces It Will Raise Flag Of Somalia At City Hall Via American Greatness, The city of Columbus faced criticism from conservatives after a now-deleted social media post stated that City Hall would raise the Somali flag in recognition of Somali Independence Day. The post, published Wednesday by the Columbus Recreation and Parks Department on X, read: “Happy Somali Independence Day! As we celebrate the unification of the Trust Territory of Somaliland and the State of Somaliland into the Somali Republic in 1960, City Hall will be raising the flag of Somalia.” The message quickly...

US Strikes Iran Energy Assets, Tehran Vows Retaliation; Iran Intel Chief Killed, Trump Muses On 'Finishing Off Terror State' Summary Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates. Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE Iraq reroutes some flows through Ceyhan Pipeline to Turkey Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that "the...

Futures Rise Ahead Of Critical Nvidia Earnings US equity futures are higher into NVDA earnings release after the close, and the risk-on tone in the US yesterday has spread globally with tech giant's earnings a catalyst for maintaining the rally aided by Tech. As of 8:00am ET, S&P 500 futures were up 0.3% as with Nasdaq 100 contracts +0.4%; NVDA is up 0.6% in premarket trading and while blowout results from the company later today may soothe nerves about the AI trade, “even if they have tremendous numbers, we know the...