Kering And Hermès Sink As War Batters Earnings; Goldman Warns Luxury Dip-Buying Is "Premature"

The Multipolaristas' Are China-Maxxing Authored by Iain Davis via Off-Guardian.org, Let’s consider the arguments of those who advocate global governance, the people whom Hrvoje Morić identifies as the Multipolaristas. They are often engaged in China-maxxing and are, whether they know it or not, essentially serving as propagandists for the global oligarchy. Research conducted by analysts working for the South China Morning Post (SCMP)—an English-speaking, Western-aligned Chinese news outlet—suggests that, between 2015 and 2025, a notable shift occurred in the way China and its government were portrayed by the leading Western media organisations. Chief analyst Jianlu Bi, who is...

Terrible 5Y Auction: Worst Bid To Cover In 4 Years, Highest Tail Since 2024, Dealers Jump Another day, another very ugly auction. After yesterday's appallingly bad 2Y auction, moments ago the Treasury sold $70BN in 5Y paper in what was another terrible auction. Just after 1pm, the auction stopped at a high yield of 3.966%, up from 3.608% in February and the highest since May 2025. It also tailed the When Issued 3.966% by 1.4bps, the biggest tail since Oct 2024. The bid to cover was 2.29, down from 2.32 last month and...

An Iranian government-affiliated body said on Thursday that at least 1,230 Iranians have been killed since the US and Israel began bombing Iran on Saturday, as the war continues to escalate. The Foundation of Martyrs and Veterans Affairs said that most of the dead were civilians, and non-Iranian government sources are also reporting major civilian […]