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Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Bank Of America: The US Unemployment Rate Is Falling Because Americans Are Too Rich
Last Friday's dismal jobs report (where 23K jobs were lost) had a silver lining: the unemployment rate dropped to 4.1%, the lowest since June 2025, dinging expectations that the AI revolution would lead to a spike in unemployment. There was just one problem: unemployment dropped not because more people found a job, but because the labor force shrank by a whopping 264K, and down more than 2 million since the start of the year.
To be sure,...
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Sep 2, 2026 / Kyle Anzalone
Vance Makes Appeal to Pro-Israel Voters in Private Speech
Vice President JD Vance called for the US and Israeli relationship to be maintained at a private event. The Vice President’s mild criticisms of Israel have resulted in attacks from the Israel lobby and its supporters. “There is a growing suspicion among, I would call it, under-40s of the US-Israel relationship,” Vance said at the […]
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Sep 18, 2026 / Tyler Durden
Germany Weighs Market Incentives To Boost Record Low Gas Storage Level
Germany Weighs Market Incentives To Boost Record Low Gas Storage Level
Authored by Tsvetana Paraskova via OilPrice.com,
Germany is considering expanding a key market incentive to encourage traders to raise gas storage levels ahead of the winter, a government source told Reuters on Wednesday as German gas sites are barely half full at present.
Europe's biggest economy has the world's fourth-largest natural gas storage capacity, but this capacity has been only 56% full as of the middle of September, according to data by Gas Infrastructure Europe.
That's a historically low level, the lowest...
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May 4, 2026 / Tyler Durden
Wall Street Skeptical Of GameStop CEO's $56 Billion eBay Takeover Bid
Wall Street Skeptical Of GameStop CEO's $56 Billion eBay Takeover Bid
Summary:
Wall Street analysts "skeptical" on GameStop Takeover of eBay
GameStop CEO Reveals Unsolicited Offer to Buy eBay
Wall Street Analysts Respond
eBay shares jumped as much as 13% in New York premarket trading after GameStop CEO Ryan Cohen told The Wall Street Journal that he had submitted a $56 billion takeover bid for the online marketplace.
Cohen's deal appears to be part of his strategy to transform eBay into a direct competitor to Amazon, leveraging GameStop's retail footprint and logistics infrastructure to create...
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