Marching into Colombia

Continuing Jobless Claims Hit 3-Month-Highs The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week - elevated but still within the range of the last four years... Source: Bloomberg Pennsylvania and Oregon saw the largest rise in initial claims last week while Ohio and Illinois saw the biggest decline... Meanwhile, continuing jobless claims rose back above 1.8 million Americans - the highest print in 3 months - but still well off cycle highs near 2 million in Q4...

Russia Accused Of Helping Iran Develop Carrier-Killing Supersonic Cruise Missiles Yet another major allegation against Russia has emerged this week in the pages of the London-based Financial Times, which says that Moscow has been helping Iran develop supersonic cruise missiles, in a clandestine program that has been ongoing throughout the war with the US and Israel. Early in the conflict, it was widely reported that advanced and ultra-fast weapons were used against Israel, which might help explain why the small Mediterranean country suffered so much damage. The FT cited as part of its...

Trump Admin Revamps Steel, Aluminum, Copper Tariffs; Imposes 100% Duties On Patented Drugs The Trump administration on Thursday announced a pair of tariff actions under national-security authority, maintaining core 50% duties on many imported steel, aluminum and copper products while overhauling the rules to exempt goods containing negligible amounts of those metals and imposing 100% tariffs on imported patented pharmaceuticals that do not meet new domestic production or pricing conditions. President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House in...