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Treasury Releases Quarterly Auction Schedule

Treasury Releases Quarterly Auction Schedule

The U.S. Department of the Treasury is offering $125 billion of Treasury securities to refund approximately $96.3 billion of privately-held Treasury notes and bonds maturing on August 15, 2026. This issuance will raise approximately $28.7 billion in new cash from...
Warsh Takes The Helm With Clear Message

Warsh Takes The Helm With Clear Message

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate, and continuing its policy of maintaining ample reserves in the banking system. Economic...
IBM – Timing Is Everything

IBM – Timing Is Everything

On Tuesday, IBM shares crashed roughly 25%, the worst single-day drop in the company’s history, after pre-announcing preliminary Q2 results that badly missed expectations — revenue of about $17.2 billion versus the $17.86 billion Wall Street projected. CEO...