'Run Socialists In Every Primary': Emboldened DSA Turns Its Guns On Fellow Democrats

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...

Apple Intelligence Fails To Ignite "Upgrade Activity," UBS Says Apple Intelligence is not yet moving the needle or exciting the customer base the way Wall Street had expected when analysts pitched AI as the spark for a new iPhone upgrade supercycle. That narrative continues to sputter. UBS analysts, citing their latest Evidence Lab survey of more than 7,500 smartphone users across five major markets, found that Apple's AI features are "not driving upgrade activity," with the share of respondents saying they would upgrade sooner for Apple Intelligence falling to about...

Futures Drop As Iran Hostilities Send Brent To 6 Week High Above $97 US stock futures slipped in cautious, low volume trading as the latest Middle East escalation pushed oil prices higher, lifting bond yields in Europe and Asia. As of 9:00am ET, S&P futures were down 0.2% with Nasdaq futures modestly in the red despite solid performance for tech stocks earlier in the session, which helped the Kospi surge more than 4.6% - its second biggest jump since the Situational Awareness takeover by Citadel - and Nikkei jumped almost 2%...