Historic Buffalo Church Torches Twice In Four Days Following Sale To Islamic Group

US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong - not great - number, and a modest decline from April's 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs... ... not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. The change in total nonfarm payroll employment for March was revised up by 29,000, from  +185,000 to +214,000, and the change for...

Memorial Day Gas Demand Surge Collides With Hormuz Shock As $5 Demand-Destruction Line Nears Drivers heading into Memorial Day weekend are set to face some of the highest regular gasoline prices at the pump in years. With the U.S. national average sitting at $4.53 per gallon (according to AAA data) and no resolution yet on a U.S.-Iran peace deal or the reopening of the Strait of Hormuz, pump prices risk rising even higher into the holiday weekend as the summer driving season begins. Let's start with the chart of the day: AAA...

"Just The Beginning": Japan Buys Billions In Nvidia Rubin Chips To Power Humanoid Robots Japan plans to acquire 27,500 Nvidia Rubin chips as part of a $2.4 billion, government-backed push to develop domestic humanoid robotics models and reduce its dependence on foreign AI. This major effort comes as physical AI comes after data center buildouts, with global shipments of humanoid robots expected to surge next year. Bloomberg reports that the newly formed Noetra Corp. will oversee the project and build an estimated 140-megawatt data center, scheduled to begin operating in about...