La Marxista: Mamdani Pledges To Open First City-Run Store With Projected $30 Million Initial Cost

Average 2Y Auction Stops Through, Has Highest Yield Since Jan 2025 In the week's first coupon auction, moments ago the Treasury sold $69BN in 2Y notes at a high yield of 4.189%, up from 4.071% and the highest yield since January 2025; the auction also stopped through the When Issued 4.192% by 0.3bps, the biggest through since January. The bid to cover was perfectly average at 2.643, unchanged from last month's 2.640 and right on top of the recent average of 2.61. Internals were a bit on the weak side, with Indirects...

Core Durable Goods Orders Soar Most In 4 Years US durable goods orders plummeted 4.5% MoM in May (as expected), dragging orders down 4.3% YoY - the worst annual decline since Nov 2024... Source: Bloomberg However, ex-transports, orders rose 1.4% MoM - up for the 14th straight month - with orders soaring over 10% YoY, the strongest annual surge since May 2022... Adding more confusion, US factory orders fell 1.3% MoM in May (better than the 2.0% MoM decline expected) but dramatically divergent from the 4.8% MoM surge in April (revised down from...

Rubio Convenes 60-Nation Summit To Confront Transnational Far-Left Terrorism Secretary of State Marco Rubio has requested that senior officials from more than 60 countries convene in Washington next Thursday to discuss the alarming rise of transnational far-left terrorism, according to a Washington Post report. The State Department confirmed the meeting in a post on X Friday afternoon titled, "Secretary of State Marco Rubio Is Setting His Sights on Antifa." .@NEWSMAX: "Secretary of State Marco Rubio is setting his sights on Antifa." pic.twitter.com/dHZvcpFrHf — Department of State (@StateDept) July 10, 2026 State Department spokesman...