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Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron Ore Below $100 As UBS Warns "Fundamentals Are Deteriorating"
Iron ore futures in Singapore fell to their lowest intraday level in one year as deteriorating fundamentals continued to weigh on the market.
Steel demand in China remains soft amid an ongoing construction slump and weakening mill margins, while supply continues to increase, reinforcing expectations of a growing surplus.
Bloomberg noted earlier that the latest concerns surrounding major physical trader Radiant World added another layer of uncertainty, but the bigger bearish narrative remains centered on lackluster demand failing to absorb rising...
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Jun 25, 2026 / Tyler Durden
Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels
Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels
The number of Americans filing for unemployment benefits for the first time fell last week to 215k (after hitting four month highs last week), well below the 225k expectations and back to the same levels it was at in 2021...
At the same time, continuing jobless claims picked up to 1.821 million Americans - the highest in 3 months...
The bottom line is that initial claims remain low by historical standards and continue to run below year-ago levels, reinforcing the...
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May 31, 2026 / Tyler Durden
The New Yorker Thinks Patriotism Is "Problematic"
The New Yorker Thinks Patriotism Is "Problematic"
In a meandering essay name dropping every dress-to-impress academic figure from Voltaire to Alexis de Tocqueville to Howard Zinn, The New Yorker has set out on a quest to explain how the progressive left can essentially despise the country they live in the name of social justice, while also adopting the perks of "patriotism" so they can own the Chuds.
The publication throws around some curious stats and asserts that patriotism is on the decline because, as they argue, patriotism today requires people to...
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Jul 9, 2026 / Jason Ditz
Demolitions Continue as Israeli DM Rules Out Withdrawing From Lebanon
President Trump’s declaration yesterday that Israel wanted to withdraw from Lebanon and his prediction that this would happen soon was echoed today by Ambassador Michel Issa, who said the framework was being implemented and Israel would start once a timetable was agreed to. They’re seemingly the only ones who think so, however, as not only […]
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