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Private Payrolls Miss Expectations

Private payroll processor ADP reported that U.S. private employers added just 22,000 jobs in January, far below the consensus expectation of roughly 45,000–46,000 and softer than December’s revised figures. This weak headline comes just as official government jobs data has been delayed, yet again, due to ongoing political dysfunction in Washington, leaving markets increasingly dependent

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Could Europe Defend Itself Without America?

Could Europe defend itself without America? In January 2026, NATO launched Operation Steadfast to answer that question. The operation is the largest exercise of the year, deploying around 10,000 troops from 11 member states across Central Europe. The plan involves the Allied Reaction Force, a rapid response element designed to test trans-Atlantic coordination in simulated

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Washington Launches $12B Rare Earth Minerals Reserve

The Trump administration is moving to create what is being described as a strategic stockpile for rare earths and other critical minerals, branded “Project Vault,” with reported financing of around $12 billion, involving a major loan structure and private participation from large industrial users. This is a defensive move akin to a petroleum stockpile and

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