US Bombs Somalia for 69th Time This Year

Tailing 10Y Auction Prices At Highest Yield Since 2007 When discussing yesterday's stellar 3Y auction, we said that the impressive demand for 3 year paper indicated that nobody was worried about today's CPI print... and as we learned this morning, that was justified, since the CPI came in right as expected. And since inflation is tame, and the labor market is not overheating, virtually nobody were worried that today's 10Y auction would have any issues finding new holders. Well, they were right: moments ago the US sold $42 billion in...

The Israeli navy on Tuesday detained nine fishermen off the coast of Gaza and took them to an unknown location, the Palestinian news agency WAFA has reported, as Israel has been stepping up its attacks and restrictions on Gaza’s fishermen. The WAFA report said that the fishermen were abducted while they were working off the […]

Can Elon Musk Rescue Republicans In November? Elon Musk has given more than $276 million to Republican groups and his own America PAC since July, making him the largest known donor of the 2026 midterm elections, according to figures provided to The New York Times ahead of Thursday's federal filing deadline. The spending marks a reversal from May 2025, when Musk said, "In terms of political spending, I'm going to do a lot less in the future." The money has helped Republicans build a financial advantage in a cycle with difficult political...