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Jobless Claims Jump As US Tech Firms Announce Most Job Cuts In 2 Years
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...
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Nov 4, 2026 / Dave DeCamp
Iran’s Ghalibaf: ‘Americans Said No to War’
Iranian Parliament Speaker Mohammed Bagher Ghalibaf said on Wednesday that American voters have said “no to war,” referencing the crushing defeat of Republicans in the US midterm elections, and warned the US government that it would face a “nightmare” if the conflict continues. “Conscience or the cost of living, Americans said NO TO WAR, and […]
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Oct 20, 2026 / Kyle Anzalone
Report: Iran Delaying Negotiations to Hurt Trump in Midterm Elections
Reuters reported on Tuesday, speaking with multiple senior Iranian officials who explained that Tehran is deliberately delaying negoations with the US to hurt President Donald Trump’s Republican Party in the upcoming midterm elections. “Iran is preparing for renewed Israeli and US attacks, not for a deal with America to end the war,” one of the […]
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Mar 21, 2026 / Tyler Durden
The Private Credit Crisis Is Spreading
The Private Credit Crisis Is Spreading
Submitted by QTR's Fringe Finance
The private credit crisis is spreading to another corner of the market that I warned about back in October, when I wrote about 10 parts of the market I’d avoid.
For years I’ve been warning that buy now pay later (“BNPL”) industry was built on a pretty fragile foundation. The quality of the loans was always the obvious problem. The entire business model revolves around extending instant credit with minimal underwriting to consumers making small purchases.
Companies whose primary innovation is allowing consumers to...
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