Newsom Announces He's Being Investigated By Trump Justice Department

Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon rose again to 3.64% in April from the previous month’s 3.42%, the highest since September 2023. Inflation expectations were unchanged at 3.15% for...

Will Today's British 'Midterms' Spark 'Starmageddon' For The Labour Party? All eyes on UK local elections (Britain's 'Midterms') today. As JPMorgan's Market Intel desk noted this morning, while the seats up do not influence national policy, Brits have historically used local and regional elections to punish the party in power in Westminster. Reform UK is expected to come out as the main beneficiary of the elections, with Labour the biggest loser. The key risk is that Labour’s poor performance causes MPs to push Starmer out in an attempt to improve the party’s standing ahead of...

Over 6,000 Apply As Air Traffic Controllers After DOT Secretary Duffy Proposes Recruiting Gamers Authored by Bryan Jung via PJMedia.com, U.S. Transportation Secretary Sean Duffy declared the Federal Aviation Administration's (FAA) campaign to recruit video gamers as air traffic controllers "wildly successful," after over 6,000 applicants submitted forms within the first twelve hours of the program's launch. The FAA is reporting thousands of applicants applied after its unconventional new recruitment initiative launched on April 17, with the application portal reaching its cap at 8,000 candidates. The Trump administration is currently looking to address...