Minnesota Fraud Ringleader Gets 30 Years In Prison For $44 Million Scheme

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO Two weeks ago, when the SpaceX IPO prospectus landed, we observed, that "Goldman is lead left; and pretty much every other bank is on the cover." Goldman is lead left; and pretty much every other bank is on the cover. They need that to sell it to retail https://t.co/9JogVIxo1i pic.twitter.com/nSnvx6tWqs — zerohedge (@zerohedge) May 20, 2026 Yet one bank was missing: middle-market specialist (with a penchant for junk bonds and lack of due diligence on private credit deals), Jefferies. Whether it was shunned...