Healthcare Workers Dominate America's Highest-Paid Jobs

Stellar 2Y Auction Stops Through On Most Foreign Buying Since March 2025 After last week's post "Bessent buyback" fireworks, which sent yields on a rollercoaster ride in the subsequent days, many were very curious to see how today's sale of $69BN in 2 year paper, the week's first coupon auction, would go and whether Bessent inadvertently had impaired primary market issuance. In the end, the auction went through without a glitch. The $69BN auction of 2Y notes priced at a high yield of 4.204%, down notably from 4.315% last month...

ADP Reports August Saw Weakest Job Growth Since January, Wage Growth Dips Following a weak JOLTS report (and mixed manufacturing PMI employment reports), ADP was expected to report a modest 47k increase in American jobs in August. It disappointed with only 37K jobs added in August (while July's 44k addition was revised up modestly to 46k)... This is the weakest monthly addition since January. Goods Producers shed jobs at the fastest pace since October... Manufacturing, professional services, and information shed jobs. Education and health care, construction, and leisure and hospitality all showed solid hiring. Base Pay...

Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin Authored by Micah Zimmerman via Bitcoin Magazine, Speaking on the Nakamoto Stage, Tim Draper told attendees that bitcoin has entered the financial mainstream and that governments now roll out “the red carpet” for the industry. He said the community is “starting to feel like something is happening” as adoption grows, and he cast that shift as the early phase of a larger transition in the money system. In his view, people will move in stages: first from dollars to stablecoins,...