Trump: Iranian Leadership Is Unbelievably Duplicitous!

Tech CEOs: Just Kidding About That Jobpocalypse For three years, everyone from Goldman, to Richmond Fed President Thomas Barkin, to tech CEOs have been forecasting mass unemployment due to AI wiping out jobs - which would only be accelerated by the proliferation of cheap(er) Chinese models. Ford Motor CEO Jim Farley said last year that AI would replace "literally half of all white-collar workers in the U.S."  And while that may only be a matter of time, tech CEOs have changed their tune - albeit while facing public pitchforks over data centers, the cost of...

Novo Nordisk Soars After New Obesity Pill Momentum Lifts Guidance Novo Nordisk shares jumped as much as 9% in Copenhagen, suggesting the stock may finally be bottoming out after a vicious multi-year bear market. The move followed the Danish drugmaker's decision to raise its 2026 guidance ranges for adjusted sales and adjusted operating profit, citing solid momentum in Wegovy sales. Novo now expects full-year sales and profit declines of around 12%, down from a previous forecast of around 13%. The upgraded outlook was "driven by increased expectations for GLP-1 product sales,"...

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...