This should keep the tech bid alive...

In the week's final coupon auction, moments ago the US Treasury sold $44 billion in 7Y paper in what was at best a subpar auction.

"...suggesting at least some element of trade down is taking place." 

...he's completely checked-out!

"AI is on the doorstep." 

The daily oil rollercoaster continues, and one week after tumbling to the lowest price of the year, oil is once again spiking, as news of more Libyan oil turmoil emerge. 

“The magnitude of the fraud is quite something..."

"This is an elite that believes whatever they say is real is actually real."

"Safety is essential to fueling breakthrough technological innovation..."

Given Judge Rakoff’s dismal record in this case, it is concerning that he will be allowed to preside in any new trial...

"A sales recovery did not occur in midsummer. The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. presidential election,"

"While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the ..."

 

In markets it is always about the "change"...and the buyback bid is going to fade soon.

Another 6-sigma shocked out of the Biden department of economic analysis.

The Iran-aligned Houthis have agreed to allow salvage crews including rescue ships and tugboats to access an oil tanker that the Houthis hit with a missile in the Red Sea earlier this month.

Analysts wanted more details on the rollout of the Blackwell product line, and they didn’t get them, driving a steeper after-hours drop during the company’s conference call.

Almost as if one hand of the Dept of Labor (initial claims reports) is unaware of what the other hand (Payrolls and especially revisions) is doing.

“Fundamentally, market participants are reflecting on those Nvidia results and saying: they were actually pretty good. The bar for a beat was impossibly high, so the results don’t derail the bull case for the chipmakers or the equity market more broadly.”

Because Democrat voters are dumb enough to believe them?

The evasion has cost the MTA "startling" losses...