Tehran Rejects Alleged US Partial Peace Concessions To Iranian Demands As 'Inadequate'

After Kevin Warsh was confirmed as Federal Reserve chairman last week, he received a stark reminder of the challenges facing the central bank. The reminder came in the form of a worldwide surge in the interest rates paid by government bonds. The surge followed the spike in oil prices caused by the Iran War. The […]

Job Openings Drop After Huge Upward Revision As Hires, Quits Unexpectedly Plunge To Six Year Low A few weeks ago, the BLS reported that January job openings unexpectedly soared by 400K, the biggest increase since November 2024, to 6.946MM, the highest since last October. Well, it turns out the jump was even higher than that because moments ago, the BLS published the latest February print, and while that number came in line with estimates, at 6.882MM, or just shy of the 6.890MM estimate, it was a big drop from January,...

Interceptor-Drone Arms-Race Emerges The next type of aerial system likely to be stockpiled at scale by militaries worldwide is the interceptor drone. We've already seen early evidence of this across Eurasia, with Ukraine selling its interceptor drones to the highest bidder. The Russia-Ukraine war accelerated the development of cheap one-way attack drones. Early in the war, missile interceptors used by Ukraine were too costly and drained the stockpiles of Western militaries at dangerous rates. The proliferation of cheap interceptor drones levels the playing field and provides a low-cost solution against Russian-produced Geran...