Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Trade Secrets
Did you know Sec of Treasury Bessent learned the business under George Soros? Did you also know he has light track record of any success in the private sector despite being trained by what some people call the best currency trader in modern history?
Jack of All Trades
Adobe: 150% AI-first revenue growth and one billion monthly active users, raising its full-year forecast. Oracle's cloud infrastructure grew 121% and its AI contract backlog reached $664 billion, $28.5 billion in quarterly data center spending pushed free cash flow deeply negative.
Genius, according to Thomas Edison, is only 1% inspiration. But that 1% is crucial to making the other, sweaty 99% worthwhile when it comes to innovation. Transportation Secretary Sean Duffy appears to have missed this in sending a strongly worded letter to Ford Motor Co. about its dealings with Chi
There are better ways to fight climate change, immobility and inequality
It is showing signs of life—but fragile ones
At 8:46 a.m. on Sept. 11, 2001, I was on a plane somewhere over Connecticut. I was flying from Logan to La Guardia, on my way from my home near Boston to teach my second week of class as a baby professor at New York University Law School, when the pilot told us we were going into a holding pattern b
A quarter century after the deadly attacks against the United States, Atlantic Council experts answer twenty-five pressing questions about terrorism today. The post The state of terrorism, 25 years after 9/11 appeared first on Atlantic Council.
Yields on US government debt rose to fresh multiyear highs — stoking demand for an auction of 30-year bonds — as surging oil prices bolstered the case for a Federal Reserve interest-rate hike as soon as next week.
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Kenya to get some $400 million emergency World Bank funds within six weeks, source says Reuters