Congress’s Failure is Liberty’s Gain

US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs... ... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. The change in total nonfarm payroll employment for March was revised up by 29,000, from  +185,000 to +214,000, and the change for...

Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During an earnings call, Wells Fargo analyst Joe Quatrochi asked Arm CEO Rene Haas: "Clearly, data centers are very strong and accelerating, but then how do you think about consumer electronics, smartphones, et...

Spencer Pratt Surges In L.A. Mayoral Race As Democrats Grow Nervous Los Angeles mayoral candidate Spencer Pratt, best known for his role on MTV’s The Hills, is gaining traction on online prediction markets, including Polymarket and Kalshi, as well as local polling, after a series of viral campaign videos and last week’s mayoral debate. Pratt’s campaign has released hard-hitting viral ads that have spread across social media like wildfire. His election odds are rising as voters realize that the far-left incumbent, Mayor Karen Bass, and socialist Councilmember Nithya Raman have...