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"Low Hire, No Fire": Jobless Claims Unexpectedly Plunge To Record Low

We have gone from a "low hire, low fire" economy to "AI chatbot hire, no fire." We joke, but really there is no other way to explain what is going on here: this morning the Dept of Labor reported that in the week ended April 25, jobless claims fell 26k to 189k (from an upward revised 215k), compared with median est.…

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Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars

Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-m…

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Samsung Electro-Mechanics profit jumps 40% on AI demand

Samsung Electro-Mechanics on Thursday posted first-quarter operating profit of 280.6 billion won ($189 million), up 40 percent from a year earlier and well above the 271.5 billion won analysts had expected, as demand for the high-end semiconductor substrates used in AI accelerators drove the strongest growth in the …

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Seoul, Doha move to expand energy ties into AI, biotech and chips

For over a decade, I’ve navigated the complexities of North Korean affairs, security, and foreign policy from both Seoul and Washington, D.C. As the National Desk Political Team Lead, I track the pulse of geopolitics, closely following developments from the Unification Ministry and the Foreign Ministry. My mornings …

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