Trump Claims the US and Iran Will Hold Talks in Qatar After Exchange of Strikes

Trump AI Executive Order To Seek Early Access To Advanced Models After Anthropic's 'Mythos' model sent shockwaves through the cybersecurity world due to its ability to find and exploit software vulnerabilities at breakneck speed, the Trump administration is reportedly on the cusp of issuing a much-discussed executive order that would encourage AI companies to provide information on their advanced models to the government before public release.  Anthropic's Dario Amodei According to Axios, the order - which could come as soon as this week - will outline plans for a voluntary framework - meaning companies...

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...

Five Below Plunges After Earnings Beat, Warns Consumer Boost From Tax Refunds Is Ending Five Below's core customer base is tweens, teens, and value-conscious households. That makes management's warning on Wednesday's earnings call particularly notable: the retailer is directly exposed to trends in low-end discretionary spending. "We're looking at the world that our customers are living in: with rising fuel costs, with very sticky inflation, with a somewhat—soft labor market. And we think a piece of that pain that they are feeling wasn't felt in the first quarter purely because...