Isaias Forecast To Become Season's First Atlantic Hurricane, Threatening Gulf Coast Rigs, Major Refineries

House Defies Trump By Advancing $8BN New Ukraine Aid Package Late Wednesday saw President Trump receive a rare and much belated rebuke from the House of Representatives as it voted to pass a war powers resolution related to Iran. The passed resolution directs the withdrawal of US troops from armed hostilities with Iran, in a closely divided 215–208 vote, aided by four Republicans. But this wasn't the only Trump-defying vote that took place Wednesday, as The Hill reports: "Six Republicans joined Democrats on Wednesday to push through a vote on military aid...

Zelensky Slaps His Former Press Secretary With Sanctions After Tucker Carlson Interview Another week, and another wave of scandals hitting an increasingly disunified Zelensky government. The Ukrainian President on Sunday took the unprecedented step of slapping sanctions on his own former press secretary. Iuliia Mendel has lately emerged as a very visible outspoken critic of Zelensky's continued rule, which has run long past his scheduled term - having been extended repeatedly during martial law due to the war with Russia. Zelensky has accused Mendel of echoing Russian propaganda and 'promoting disinformation'. Iuliia...

Ugly, Tailing 30Y Auction Makes History With First 5%+ Yield Since The Great Quant Crash Of Aug 2007 Moments ago, the last refunding auction of the week, the sale of $25BN in 30Y paper, made history: it was the first 30Y auction to print with a high yield above 5%, and a coupon of 5%, since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis.  The auction priced...