Gap Soars On Old Navy CEO Shake-Up As Jefferies Sees "New Catalyst" For Stock

Solid 3Y Auction Stops Through Ahead Of Tomorrow's CPI Report Ahead of tomorrow's CPI report (which will come in tame thanks to continued housing disinflation), moments ago the US Treasury sold its first refunding auction, which came in very strong, stopping through the When Issued, and with above par metrics. Pricing at a high yield of 4.291%, up from 4.179% in July and the highest since Feb 2025, the auction stopped through the When Issued 4.296% by 0.5bps, the 2nd consecutive through auction. The bid to cover rose to 2.712, up...

Ukraine's "Most Successful" Missile Is Hitting Almost Nothing Ukraine's Flamingo cruise missile is missing roughly 85% of its targets. Manufactured by Fire Point, the FP-5 - advertised with a 3,000 km range and a 1,150 kg warhead - was hailed by Volodymyr Zelensky as Ukraine's "most successful" missile when he touted its initial tests. Yet an independent count tracks only about ten confirmed combat uses since August 2025, and analysts warn the true number of launches is likely higher given that failed strikes rarely receive coverage.The missile's best showing to...

Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks News that SpaceX may file an initial public offering prospectus with the Securities and Exchange Commission this week or next sparked a rally across SpaceX-linked names, satellite broadband providers, space transportation firms, and even publicly traded closed-end funds that hold private SpaceX shares. The Information reports that SpaceX is set to file an IPO prospectus with the SEC this week or next, with plans for shares to begin trading on U.S. exchanges sometime in June. Wall Street advisers expect the offering to...