Blowout June Payrolls: 147K Jobs Added, Smashing Expectations; Unemployment Rate Drops To 4.1% After yesterday’s shockingly bad ADP print of negative 33K, the market was braced for the worse, with the whisper number for today’s payrolls sliding to 96K, the first sub 100K print and far below the consensus of 106K, and many even contemplating how to trade a stagflationary recession print. In the end, it turned out to be just another […]

‘Deep TriState’ Layoffs Leave Continuing Jobless Claims ‘Stuck’ At Highest Since 2021 While payrolls data dominates the news on the labor market, the higher frequency (and perhaps less ‘sanitized’) jobless claims data remains noteworthy. Initial claims dropped from 237k to 233k last week, rolling over from 9 month highs… Source: Bloomberg Continuing jobless claims were flat at 1.964mm Americans – the highest since Nov […]

Futures Coiled At Record High Ahead Of Closely Watched Jobs Report US equity futures are slightly higher with small caps outperforming into the payrolls report. As of 8:10am ET, S&P 500 futures are up 0.2% while Nasdaq 100 contracts were up 0.1%. The tax/budget bill appears likely to pass later this morning after a dramatic overnight session, so keep an eye on yields though any impact may be delayed until next week given the […]

The Last Time Gold Moved Like This Was 1929 Authored by Peter Reagan via BirchGold.com, Speaking on the Money Sense podcast, Alasdair Macleod chimed in on why he believes we are in an environment similar to 1929, or the start of the Great Depression. In recent times, we have seen things compared often to infamous economic downturns, like the inflation and recession of the 1970s. We have also seen invocations of the Great […]

Trade Thaw: US Lifts Curbs On Ethane & Chip Design Software Exports To China With just six days until President Trump’s ‘reciprocal’ tariff pause ends worldwide, the Trump administration is accelerating efforts to secure trade deals with key countries. On Wednesday, Trump signed a new trade agreement with Vietnam, and emerging headlines in financial corporate media only suggest negotiations with China may also be gaining […]

Euro Stablecoin By DWS And Deutsche Bank Gets Regulatory Approval Authored by Adrian Zmudzinski via CoinTelegraph.com, AllUnity, a joint stablecoin venture by asset manager DWS and banking giant Deutsche Bank, received a license from the German Federal Financial Supervisory Authority (BaFin), according to a Wednesday announcement. BaFin has granted an E-Money Institution (EMI) license to AllUnity. With the license, the company […]

These Are The US Cities With The Most And Least Health Insurance In 2023, 92% or 305 million Americans had health insurance, either for some or all of the year. Health insurance coverage varies widely across the country, shaped by differences in state policies, economic conditions, and local job markets. This map, via Visual Capitalist’s Kayla Zhu, shows the top and bottom U.S. metropolitan areas by share of residents with health […]

Schengen Shaken? Poland To Introduce Border Controls With Germany As Migration Crisis Grows Via Remix News, Poland is set to reinstate temporary controls on its borders with both Germany and Lithuania, a decision that has already drawn a reaction from German Chancellor Friedrich Merz. Polish Prime Minister Donald Tusk announced the measure on Tuesday, stating: “We have decided that we are restoring temporary control on the […]

This Is Where Millionaire Populations Are Growing The number of millionaires rose fastest over the past 10 years in Montenegro, the United Arab Emirates and Malta, according to a new report by Henley & Partners.  As Statista’s Katharina Buchholz reports, the growth by up to 124 percent was largely driven by millionaires immigrating to the locations, the researchers concluded. Malta’s and Montenegro’s investment for […]

The Latest Trouble In Russian-Azerbaijani Relations Might Be Part Of A Turkish-US Powerplay Authored by Andrew Korybko via Substack, Turkiye sees an opportunity to turbocharge its rise as a Eurasian Great Power along Russia’s entire southern periphery in ways that autonomously align with American grand strategic interests… Russian-Azerbaijani relations are in trouble as a result of two scandals. The first concerns […]

Tobacco-Free Future – Moving Forward Or Backwards? In France, a new ban limiting smoking in several public outdoor places went into effect on July 1, marking a major step for the country once known as a nation of smokers. As Statista’s Katharina Buchholz reports, tobacco use is falling around the world and control measures have reached a critical mass of people, expanding public smoking bans and even a total phase-out of […]

AfD Ban Looms Closer With Likely Election Of New Far-Left Judge To Germany’s Top Court Via Remix News, Frauke Brosius-Gersdorf, a lawyer described as far-left, is poised to become a new judge at the Federal Constitutional Court, Germany’s top court, and it is very bad news for Germany’s conservatives. This new development could significantly increase the chances that a ban on the anti-immigration Alternative for Germany (AfD) […]

“Buckle The F**k Up”: Trumpworld Rages At GOP Holdouts After Tax Bill Stalls In House Update (0018ET): Wednesday night came and went without the House GOP advancing the ‘Big Beautiful Bill Act’ to the floor for debate, after roughly a dozen Republicans stood their ground.   As such, things have officially gotten ugly – with longtime Trump aides Jason Miller and Chris LaCivita telling the holdouts that they can either vote with […]

How The Supreme Court Went Wrong In The ‘Ghost Gun’ Case Authored by Rob Natelson via The Epoch Times, In its term just ended, the Supreme Court ruled that the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) may regulate weapons parts kits as “firearms.” The case was Bondi v. VanDerStok. It also is called the “ghost gun case.” Under a congressional statute known as the Gun Control Act of 1968, […]

Queens Driving School Busted For Running Bribe-for-License Scam For Illegal Immigrants A Queens driving school bribed DMV employees to illegally fast-track driver’s licenses for undocumented immigrants—many of whom couldn’t drive or speak English—according to Staten Island prosecutors. T&E Driving School allegedly took cash from Chinese immigrants and paid off DMV examiners in Staten Island to skip required road tests, […]

Transportation Secretary Sean Duffy Bans Rainbow Crosswalks Authored by Catherine Salgado via PJMedia.com, Transportation Secretary Sean Duffy struck a blow at radical LGBTQ activism as “Pride Month” ended. Duffy sent a letter to all 50 state governors, the D.C. mayor, and Puerto Rico’s governor, a letter which he also shared with The Daily Signal. Trump’s transportation secretary told the governors to work on removing […]

China Erodes US AI Supremacy As Chatbot Race Defines Path To 2030 Dominance Former PBOC Deputy Governor Zhu Min recently warned of a coming tsunami of domestic AI innovation, predicting that China could see 100 breakthroughs of the same magnitude as DeepSeek over the next 18 months. The rise of DeepSeek—a powerful, low-cost alternative to OpenAI’s ChatGPT—has ignited a bull market in Chinese tech stocks and positioned itself […]

Judge Blocks Trump’s Order Barring Illegal Border Crossers From Claiming Asylum Authored by Jack Phillips via The Epoch Times, A federal judge on July 2 ruled against a Trump administration directive that blocked foreign nationals who cross the U.S.–Mexico border illegally from seeking asylum. The White House has touted historically low border crossings in recent weeks. In an order issued on July 2, U.S. District Judge […]

Delhi Bans Fuel for Older Vehicles in Pollution Crackdown Starting July 1, Delhi has enforced a strict ban on refueling older vehicles as part of a broader effort to reduce air pollution, according to the Economic Times.  Under the new rule, petrol vehicles older than 15 years and diesel vehicles over 10 years are prohibited from buying fuel at any petrol pump in the capital. This measure is aimed at removing End-of-Life Vehicles […]

DHS Head: Cannibal Illegal Tried To Eat Himself On Deportation Flight Authored by Steve Watson via Modernity.news, Department of Homeland Security Secretary Kristi Noem related a bizarre event to the media during the press conference for the new “Alligator Alcatraz” deportee holding facility, telling reporters that an illegal alien, suspected to be a cannibal, attempted to eat himself during a recent deportation flight. […]

Thiel Joins Luckey & Lonsdale To Launch New Bank Aimed At Filling SVB Void For Stablecoins, AI, Defense & Advanced Manufacturing A group of high-profile tech investors, including military tech entrepreneur Palmer Luckey and venture capitalist Joe Lonsdale, is preparing to launch a new bank designed to serve the niche left behind by the collapse of Silicon Valley Bank — and to do so with ambitions that extend deep into […]

What’s Next For CDC’s Remade Vaccine Advisory Committee? Authored by Zachary Stieber via The Epoch Times (emphasis ours), The vaccine advisory committee remade by Health Secretary Robert F. Kennedy Jr. plans to look at multiple other vaccines, after it voted to advise officials to stop recommending influenza shots that contain mercury. Dr. Robert Malone (C) speaks during the first meeting of the Centers for Disease Control and […]

India’s Hindustan Zinc Eyes Five Year Timeline To Move Into Rare Earth Metals India’s Hindustan Zinc is moving into rare earths, but commercial production could take up to five years, underscoring the hurdles of building a domestic supply chain to challenge China’s grip on the sector. “This (rare earth) is of strategic interest (to India),” said CEO Arun Misra in an interview, according to Nikkei Asia. The company was the only […]

Democrats, Animated By Loathing Of Trump, Are Driving Their Party To Self-Destruction Authored by Conrad Black via RealClearPolitics.com, The Democrats are now implacably self-destructive. They resemble nothing so much as a slowly capsizing ship, but show by their frenzied skullduggery that America is not in decline — the opposition is rotten and hopeless but it still fights savagely. I hope readers will pardon a recitation of […]

Fiji Says Chinese Military Base, Missiles Not Welcome In Pacific The tiny South Pacific archipelago country of Fiji has come out firmly against China establishing a military base in the Pacific Islands, according to a statement of Prime Minister Sitiveni Rabuka issued Wednesday. He emphasized that China has no need for such a provocatively located base to demonstrate its military strength, citing its recent intercontinental […]