Ugly, Tailing 20Y Auction Prices At 2nd Highest Yield On Record; Would Have Been Highest If Bessent Hadn't Panicked

'Wright Is Wrong': Trump Rejects Energy Secretary's Comment That Gas Prices May Not Drop Under $3 Until 2027 Pain at the pump might not ease up for American consumers until 2027, according to Energy Secretary Chris Wright, who said on April 19 that the price of a regular gallon of gas could stay above $3 for the rest of the year. Wright said a price of $3 per gallon of gas “could happen later this ​year, [but] that might not happen until next year” in an interview that aired on CNN’s...

BlackRock Says Crypto Can Outrun The Quantum Threat... If It Moves Fast Enough Authored by Mathew Di Salvo via BitcoinMagazine.com, BlackRock, the world’s biggest asset manager, has chimed in on the crypto-quantum debate - and is surprisingly optimistic. The firm, which manages over $15 trillion in assets, said in its new report, Quantum Computing and Blockchains, that upgrading existing cryptography to quantum-resistant standards is a far easier task than actually building a functional quantum computer capable of breaking that cryptography.  “In our view, PQ migration for cryptocurrencies is eminently addressable from a technical standpoint, and...

Sell The Bailout: Skydance Tumbles As Musk's $1 Billion Check Reminds Everyone Paramount Needs One It took about ten minutes. Just after noon on Thursday, Semafor reported that Elon Musk has invested roughly $1 billion in Skydance (SKYD), the newly renamed Paramount-Warner Bros. Discovery combo run by David Ellison. The stock did what stocks are supposed to do on a billionaire endorsement and spiked to $8.46, up 7.5% on the day. Then traders actually thought about it, and by 12:10pm the shares had been halted for volatility after tumbling, before printing...