Long-Term US Unemployment Rate Creeps Up To 27% Despite Blockbuster August Hiring

Tesla's New Roadster Reportedly Uses SpaceX Cold-Gas Thrusters To Fly Tesla plans to unveil a redesigned Roadster sports car with limited "flying" capabilities later this month, The Information reported Friday morning, citing people familiar with the matter. The report follows this week's comments from Tesla's chief vehicle designer, who said the long-delayed Roadster is "coming soon." The limited-edition Roadster reportedly uses SpaceX cold-gas thrusters to hover and will be remotely operated during the unveiling event, scheduled for later this month at the rocket company's testing site in McGregor, Texas. "Between Elon Musk's...

Them's Fightin' Words By Benjamin Picton, Rabobank Senior Market Strategist Resigned Brent crude front-month futures are inching higher this morning after ending May down almost 20%. The May selloff has been courtesy of Mr Market’s Pavlovian response to fresh peace rumours, though it still remains the case that a deal has not been done and the Strait of Hormuz remains closed. US equity indices closed higher across the board on Friday, but Asian stocks are mixed in early trade today. The S&P500 has now had nine-consecutive positive weekly closes and is sitting at...

'Deal Or Drive Them Into Hell': Trump Issues Stark Iran Ultimatum In UN Speech Trump on Iran, Oil & Midterm Elections Standing before the United Nations General Assembly, President Trump told the world: "While others have talked, I have acted. While others have spoken of peace, I have made peace."The focus quickly turned to the Islamic Republic of Iran, which Trump charged as responsible for spreading "death and carnage and chaos." He claimed: "They were the bully of the Middle East, but they are the bully no more." In listing out what...