Socialism Is Targeting The Foundations That Made America Great

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...

Wix Tumbles After Cutting 20% Of Workforce, Warns Of Deeper Growth Slowdown Website builder Wix announced an "organizational realignment" on Monday that will cut roughly 20% of its workforce, as the company warned of a sharper-than-expected slowdown in its Partners business. The restructuring is designed to streamline operations, discontinue lower-priority initiatives, and reallocate resources toward Wix's core growth areas. "The organizational realignment to streamline operations and reallocate resources to support the Company's top strategic priorities. This includes the scaling down and/or discontinuation of certain activities, initiatives, products, and subsidiaries," Wix wrote...

Dutch Asylum Center Burns On First Day Of New Arrivals After Weeks Of Protests Authored by Thomas Brooke via Remix News, A fire was started in bushes outside an asylum center in the Dutch town of Loosdrecht on Tuesday evening, prompting a major police response after weeks of local protests against the facility. Protesters threw flares and fireworks onto the grounds of the building, which is located at the town hall on De Rading. Footage shared on social media appeared to show rioters initially blocking firefighters from reaching the blaze. After Mayor Mark Verheijen...