Initial Jobless Claims Continue To Signal No Labor Market Stress

J.R.R. Tolkien, The Atomic Bomb, & The Perils Of Power Authored by Jonathan Miltimore via The Epoch Times, On Aug. 6, 1945, the Enola Gay dropped “Little Boy” on Hiroshima, instantly killing tens of thousands and marking the first use of a nuclear weapon in warfare. Three days later, a second bomb, “Fat Man,” was dropped on Nagasaki. Within days, Japan surrendered, bringing World War II to an end. For most Americans, the bombings were greeted with celebration. Polls at the time revealed that nearly 70 percent of Americans said the bombing was a...

US New Home Sales Collapse By Most In 13 Years In January Despite falling mortgage rates, analysts expected December's drop in new home sales to accelerate in January... and accelerate they did... crashing a stunning 17.6% MoM (-2.7% MoM exp) - the biggest MoM drop since July 2013. This huge MoM drop dragged sales down 11.3% YoY - the worst slide in three years... Source: Bloomberg This huge drop dragged the new home sales SAAR down to its lowest since 2022, catching down to existing and pending sales... Inventories are up (Houses for sale...

Tense Trump-Netanyahu Call As US Presses Iran To 'Sign The Document' - But Israel Wants Military Greenlight Summary Axios: "Trump continues to say he thinks a deal can be reached, but that he's ready to resume the war if it isn't." US Marines board Iranian-flagged tanker in the Gulf of Oman, as it was accused of attempting to violate the US naval blockade. Iran's parliament speaker and chief negotiator Mohammad Bagher Ghalibaf says that Tehran sees signs that the United States is seeking to restart the war Oil tumbles after Pakistan again touts final deal draft...