'Low Hire, Ho Fire' Economy Confirmed By Latest Jobless Claims Data

Argentina's Milei Borrows Warren Buffett's Idea To Punish Deficit-Spending Politicians More than two years after campaigning to "blow up" Argentina's central bank, President Javier Milei has announced his "Fiscal Shackle" bill - a permanent rule aimed at preventing Argentina from approving or maintaining budgets with fiscal deficits that could have consequences for politicians. On Thursday, in a speech recorded at the Casa Rosada and broadcast nationwide, Milei proposed an overhaul that would restore the Central Bank of Argentina's sole mandate of preserving the currency's value, stop direct and indirect financing of...

"Old Economy Is Taking Revenge": Jeff Currie Warns Fuel Squeeze Is Driving Structural Inflation Former Goldman Sachs commodities chief and current Real Macro head Jeff Currie joined CNBC earlier Thursday to discuss all things commodities, warning that the latest Brent crude rally above $107 a barrel is becoming harder to dismiss as a temporary shock, with renewed Chinese buying and soaring refining margins (US diesel crack spread now $110 a barrel) signaling deeper pressure across physical commodity markets. Currie warned that traders are underestimating an inflation cycle driven by years of...

Prime Minister Robert Fico said that if Kiev does not allow Russian oil to flow to Slovakia by Monday, Bratislava will halt energy transfers to Ukraine. “IF THE UKRAINIAN PRESIDENT DOES NOT RESUME OIL SUPPLIES TO SLOVAKIA ON MONDAY, ON THAT SAME DAY I WILL ASK THE RELEVANT SLOVAK COMPANIES TO STOP EMERGENCY ELECTRICITY SUPPLIES […]