Germany Inks Deal To Buy US Tomahawks, Filling Long-Range Capability Gap

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.  Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.  The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals. “Excess profits in the AI era...

Initial Jobless Claims Continue To Signal No Labor Market Stress The number of Americans filing for unemployment benefits for the first time dipped last week to 215k (218k exp), continuing to show labor market resilience in the face of slumping sentiment. ...basically unchanged in five years. Continuing claims ticked higher but remains well off cycle highs from last fall... So once again, claims data shows no signs of the pain that sentiment surveys suggest... ...even though payrolls data suggests deterioration. Tyler Durden Thu, 07/02/2026 - 08:53