Nine Days From The Dark: What Sixty Million People Learned About Water, Warmth, And Medicine During Spain's Ten-Hour Blackout

Warships, Helicopters, Transport Planes: US Military Shifts Assets To Quake-Ravaged Venezuela Venezuela's massive twin-earthquake disaster, which unfolded on Wednesday evening, has left dozens of apartment towers and other structures in ruins. The death toll has climbed to about 235, with at least 4,300 people injured. On one independent monitoring platform, the number of missing topped 50,000 overnight. The sheer scale of the disaster across several districts of Caracas has prompted an international response, with the U.S. Southern Command deploying military assets to the quake-ravaged country. The disaster also marks a...

Average 7Y Auction Stops On The Screws As Foreign Demand Slides After a solid 2Y auction and a subpar 5Y auction earlier this week, moments ago we got the week's final Treasury issuance when the US auctioned off $44BN in 7Y paper in a perfectly average sale. Starting at the top, the bond priced at a high yield  of 4.260%, down modestly from 4.290% last month and in the middle of a range established in late-2023 after which the 7Y has traded between 3.50% and 5%. The auction also priced...

President Trump said on Wednesday that the Memorandum of Understanding (MoU) between Washington and Tehran was “not final” and warned the US could return to “dropping bombs” on Iran if the country “didn’t behave.” “It’s a Memorandum of Understanding. If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs […]