Israeli Strikes in Gaza Kill at Least Two Palestinians

The $300 Billion Wager: Inside The Private Fund At The Center Of The U.S.-Iran Framework A proposed $300 billion investment fund has emerged as one of the most consequential-and politically explosive-features of the U.S.-Iran framework agreement, turning what began as a war-ending diplomatic effort into a test of whether private capital can be used as a substitute for reparations, sanctions relief and state-to-state reconstruction aid. This, of course, is the part where we 'give' Iran $300 billion - though what it actually is and does hasn't been disclosed until now. This isn't unfrozen Iranian...

Average 7Y Auction Stops On Screws As Foreign Demand Drops A stellar 2Y auction, a subpart 5Y, and it only makes sense that we end the week with a perfectly average sale of $44BN in 7Y bonds. The last coupon auction of the week priced at a high yield of 4.512%, up from last month's tailing 4.473%, and on the screws with today's When Issued 4.512%. Remarkably, this is the 3rd 7Y auction to price on the screws in 2026 alone, suggesting this tenor may be the most relevant one for...

"Cartel Connections": 600 Pounds Of Cocaine Worth $10 Million Found In Queens Self-Storage Facility A routine-looking storage facility in Queens was allegedly holding something far more valuable than furniture and moving boxes, according to new reports from the New York Post and NBC New York. In fact, authorities say they uncovered nearly 600 pounds of cocaine worth an estimated $10 million at a self-storage location in Long Island City, resulting in one of New York City’s most significant drug seizures in decades. The investigation led police to Nelson Salcedo, 35, of Englewood, New...