Tonight: How Aalo Atomics Just "Made History"

Jobless Claims Refuse To Show Any Signs Of AI Jobpocalypse The number of Americans filing for unemployment benefits for the first time fell to 209k last week (below expectations), continuing to show absolutely on signs of any labor market stress... Source: Bloomberg That is basically unchanged since 2021. Continuing jobless claims ticked up modestly but remains below 1.8 million Americans (just off two year lows)... Source: Bloomberg So, despite the tsunami of headlines every day about the AI jobpocalypse, 'hard' data shows no signs of any pain yet (wait until the severance packages run dry)... ...

Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite By Michael Kern of OilPrice.com Commercial shipping through the Strait of Hormuz is once again off-limits in the near term as the renewed hostilities and threats to vessels led to another spike in risks of transiting the key tanker and container shipping lane, according to Masahiro Okafuji, chair of the Japan Foreign Trade Council. “No one would go there, because it’s dangerous,” Okafuji told a media conference on Wednesday, as carried by Bloomberg. Renewed re-routing of the shipping lanes around the Cape of Good...