Tailing 7Y Auction Sees Lukewarm Foreign Demand, Jump In Direct Buyers

World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning Based on BofA's almost omniscient analysts, traders should expect a big disappointment this morning from US retail sales as the bank's data showed a huge drop in online retail (card not present) in July... ...because Prime Day and related promotions were pulled forward from July to June this year. Many other retail categories also saw m/m declines, including clothing, gas (due to lower prices) and furniture. Other factors driving the weakness in July likely included the heat wave around July 4...

Immigrant Business Owners Prepare Lawsuit Against Mamdani Over City-Run Grocery Stores Via American Greatness, Several immigrant business owners are preparing to sue New York City Mayor Zohran Mamdani over his plan for city-owned grocery stores, Fox News Digital confirmed Wednesday. The Multicultural Business Coalition’s board voted this week to pursue legal action against the city over Mamdani’s proposal to open five taxpayer-funded grocery stores that would sell food at prices up to 30% below traditional retailers, according to the New York Post, which first reported the vote Tuesday. MBC Chairman Frank Garcia said the coalition plans...

They like to pretend it came out of nowhere. They like the bedtime story: Europe was peacefully humming along in its post-history spa — open borders, cheap energy, NATO as a charity, Russia as a gas station with a flag… and then, one day, the barbarian kicked the door in for no reason at all. […]