Article
Continuing Jobless Claims Hit 3-Month-Highs
Continuing Jobless Claims Hit 3-Month-Highs
The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week - elevated but still within the range of the last four years...
Source: Bloomberg
Pennsylvania and Oregon saw the largest rise in initial claims last week while Ohio and Illinois saw the biggest decline...
Meanwhile, continuing jobless claims rose back above 1.8 million Americans - the highest print in 3 months - but still well off cycle highs near 2 million in Q4...
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Jun 12, 2026 / Tyler Durden
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Summary
Bloomberg latest: US Senior admin officials says Iran deal accomplishes core US objectives and deal reopens Strait of Hormuz; Iran deal guarantees long-term peace in region and includes inspection regime.
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Trump Invokes Defense Production Act To Sign Energy-Related Directives
Trump Invokes Defense Production Act To Sign Energy-Related Directives
Authored by Aldgra Fredly via The Epoch Times,
President Donald Trump on April 20 invoked the Defense Production Act to issue a series of memorandums focused on strengthening coal supply chains, natural gas transmission, and liquefied natural gas capacity.
Trump also signed memos aimed at boosting domestic petroleum production, enhancing grid infrastructure, and expanding the deployment of “large-scale energy” and related infrastructure.
In a post on X, White House spokeswoman Taylor Rogers said the memos would allow the Energy Department to use funding from...
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