"Going Through Some Pain": Dick's Smashed Most On Record As Foot Locker Bet Goes Limp

US Initial Jobless Claims Jump To 4-Month-Highs The number of Americans filing for unemployment benefits for the first time jumped to 229k last week (more than the 220k expected) and the highest in four months... Source: Bloomberg Pennsylvania, California, and Minnesota are the states seeing the largest rise in claims last week... Continuing jobless claims also rose last week to 1.795mm Americans - highest in two months, but still relatively low in the context of the last two years... Source: Bloomberg The bottom line is that while initial jobless claims are rising, they remain low...

"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action We’ve covered soaring “chipflation” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin: All this has earned the attention of FTC Chair Andrew Ferguson, who apparently enjoys building his own personal computers. In...

Mother Arrested After Toddler Pulls Loaded Gun From Backpack At Michigan Daycare A toddler pulled a loaded handgun from a backpack inside a Michigan daycare Monday, leaving a teacher to step in before anyone was hurt. The child's mother has been arrested, while the father, reportedly a Detroit police officer, is the subject of a separate departmental review. Local reporting describes an incident captured on surveillance video and a criminal investigation into the circumstances. The Wayne County Prosecutor's Office told ABC News that an arraignment is expected Thursday, October 1. The...