PayPal Prepares Job Cuts As New CEO Takes "Deliberate Steps" In Turnaround Strategy

Dismal, Tailing 10Y Auction Sees Lowest Foreign Demand Since Jan 2025 As Yields Soar With 30Y yields trading on the wrong side of 5% today, all eyes were on today's 10Y refunding auction to see if it would be ugly enough to push yields to 4.50% or higher. Here is what happened. Just after 1pm, the Treasury announced that the high yield on today's sale of $42 billion in 10Y paper was 4.468%, the highest yield since Jan 2025, and a 0.4bps tail to the When Issued 4.464%, the 4th consecutive...

Top Israeli officials continue to say that Tel Aviv will not comply with the peace deal that President Donald Trump is negotiating with Iran. Tehran says a top priority is expanding the ceasefire to Lebanon.  “Because what happened in the past in security zones, where there was also a civilian population [present], was roadside bombs […]

UN Adopts Slavery Resolution Calling For Reparations Despite US, European Objections Authored by Chris Summers via The Epoch Times (emphasis ours), The U.N. General Assembly on March 25 adopted a resolution declaring the trafficking of enslaved Africans “the gravest crime against humanity” and calling for reparations. U.S. First Lady Melania Trump (R) and Kwesi Essel-Blankson, museum educator, tour the Cape Coast Castle, a former slave trading fort, in Cape Coast, Ghana, on Oct. 3, 2018. Saul Loeb/AFP/Getty Images The vote at U.N. headquarters in New York City saw 123 countries voting in favor...