US Officials Say Iran's Ahmadinejad Was Mossad Asset, Met With Intel Chief In Hungary

PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe Update (1558ET): Bloomberg reports that payment processor Stripe has expressed interest in PayPal, a day after the outlet first reported that a "large rival" suitor was exploring a takeover of the payments platform. Bloomberg: STRIPE IS CONSIDERING AN ACQUISITION OF ALL OR PARTS OF PAYPAL STRIPE HAS EXPRESSED PRELIMINARY INTEREST: SOURCES Before the first Bloomberg report hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and were down more than 85% from the 2021 high...

Stellar 20Y Auction Stops Through, With Highest Foreign Demand In 2 Years In a quiet day for stocks, which are now trading near session lows, which in turn is prompting a bid for safety, the Treasury complex was already trading at the best levels of the day ahead of today's Treasury auction. Then just after 1pm, the stellar results from today's 20Y auction (technically a 19 Year 11-month reopening of cusip UV8), confirmed the solid demand for US paper.  Today's sale of $13BN in 20Y paper was solid from top to...

Bamboozled Once Again... Authored by Jim Quinn via The Burning Platform blog, “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” ― Carl Sagan, The Demon-Haunted World  “Narcissists are unstable and go through repeated cycles of self-destruction, with...