US Begins Bombing Iran for the Second Night

Michigan And New York Drive Jump In Initial Jobless Claims, Continuing Claims Near 2-Year-Lows The number of Americans filing for unemployment benefits for the first time rose to 209k last week, rebounding off the lowest levels since 1969... Michigan and New York saw the largest surge in initial jobless claims last week, while Puerto Rico and Ohio saw the biggest weekly declines... Continuing jobless claims, however, dipped back below 1.8 million Americans, clearly trending lower again... Combined with Friday's disappointing payrolls print, the labor market appears to remain in the 'no hire, no...

President Trump on Monday said that the US was “reinstating” the blockade of Iranian ports and would also charge a 20% fee for all cargo shipped through the Strait of Hormuz, a declaration that came after US officials had repeatedly said it would be illegal for Iran to charge fees for ships passing through the […]

Food Supply Alert: Ukraine Grain Exports Collapse As Black Sea Attacks Choke Global Shipments Upward momentum in agricultural prices, as tracked by the Bloomberg Agriculture Spot Index, should be ringing inflationary alarm bells. The breakout comes just one week after JPMorgan analyst Nora Szentivanyi warned that the next global food crisis could materialize as early as next year. Multiple shocks are converging all at once across the global food complex, including continued disruptions in the Strait of Hormuz, rising El Niño risks, and adverse weather across the US agricultural belt. This...