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ADP Employment Report Shows 12th Straight Month Of Job Gains
ADP Employment Report Shows 12th Straight Month Of Job Gains
With jobless claims still hovering near multi-decade lows and Job Openings soaring, and despite near record low consumer sentiment (particularly about the labor market), ADP was expected to report another strong employment report this morning with the US economy adding 120k jobs.
The actual print was a disappointing +98k, but still represented the 12th straight month of employment gains...
Source: Bloomberg
Once again Small Business led the charge with hiring, but the gains were seen across all firm sizes...
Interestingly, only the Natural Resources...
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May 13, 2026 / Tyler Durden
WTI Holds Gains Despite Biggest SPR Drawdown In 45 Year History, Production Jumped
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Oil prices are higher this morning (extending its 8%-plus surge of the last three days) as Middle East tensions simmer and global stockpiles shrink at a record pace.
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Saudi airstrikes in Yemen’s southwestern Taiz province on Tuesday that targeted industrial areas and civilian homes killed at least five civilians, according to the Health Ministry within the Ansar Allah-led Yemeni government. Yemen’s SABA news agency reported that a Saudi strike on a shoe factory in Yemen’s al-Ta’ziyah District killed at least three workers and […]
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Trump Bats Down Critics As Iran Deal Gets Close: 'Exact Opposite' Of 'Amateur' Obama JCPOA
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Update(1345ET): Both sides are continuing to be mostly tight-lipped in terms of offering confirmation of what precisely is in the deal, with President Trump having earlier said he's in no hurry. But this weekend contains some of the most positive momentum towards an actual peace deal and extended ceasefire to date. Per some of the latest from NYT:
Iran’s leaders or official state media have not publicly commented on what is in any potential agreement or...
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