US Retail Sales Jumped Most In 8 Months In February

'Money Laundering'? Newsom Used Donations To Inflate Book Sales Authored by Luis Cornelio via HeadlineUSA, California Gov. Gavin Newsom and his allies spent weeks boasting that his book, Young Man in a Hurry, became a “best-seller” within hours of its March release. However, a new report found those sales were largely driven by Newsom’s own super PAC using donor funds. FILE - California Gov. Gavin Newsom speaks during a press conference in Los Angeles, Wednesday, Sept. 25, 2024. (AP Photo/Eric Thayer, File) The book, published March 10 and centered on Newsom’s upbringing in...

USAF More Than Doubles Ondas' ULTRA Drone Contract As Potential MQ-9 Reaper Alternative Emerges Thursday's Department of War contract update signals increased US Air Force investment in long-endurance surveillance drones that could complement the MQ-9 Reaper and help fill intelligence, surveillance, and reconnaissance mission gaps following reported heavy losses in the US-Iran conflict. The USAF more than doubled the value of its contract with DZYNE Technologies, now part of Ondas, bringing the total to about $85.6 million. As we noted last week, DZYNE's ULTRA platform represents a potential lower-cost Group 5 drone...

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...