logo
Treasuries Rally Hits Wall Before Auctions Totaling $125 Billion

Treasuries Rally Hits Wall Before Auctions Totaling $125 Billion

Bloomberg3 hours ago
US Treasuries, coming off their best day so far this year on Friday, mostly stalled to start a week featuring a heavy slate of note and bond auctions.
Yields were mixed early Monday afternoon in New York on Monday hitting session lows earlier on a slump in the price of crude oil. Short-maturity yields, which fell the most on Friday, were slightly higher on the day while long-maturity ones edged lower.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon cuts 110 jobs in reorganization of Wondery audio division

Los Angeles Times

timea few seconds ago

  • Los Angeles Times

Amazon cuts 110 jobs in reorganization of Wondery audio division

Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an industry shift toward producing more podcasts with video, a format that has become more popular with consumers who listen to their favorite hosts on platforms including YouTube and Spotify. The layoffs also mark the latest sign of contraction in the once burgeoning podcast industry. In June, Spotify laid of 5% of staff in its podcast division and Philadelphia-based Audacy shut down New York-based Pineapple Street Studios. 'As video podcasting has grown in popularity, we have learned that creator-led, video-integrated shows have different audience needs and require distinct discovery, growth and monetization strategies compared to audio-first, narrative series,' Steve Boom, vice president of audio, Twitch and games at Amazon, wrote in a memo to staff. Under the changes, Amazon will combine Wondery's narrative podcast studio with audio books and podcast division, Audible. Wondery staffers in its creator-led podcast studio will be part of a new organization called creator services with Amazon's talent services group. Amazon acquired Wondery in 2020 for an undisclosed amount. The Culver City-based company is known for producing podcast series including 'Dr. Death' 'American Scandal' and 'The Shrink Next Door.' Amazon said the restructuring will help it better support creators across different channels to monetize their content and simplify the process for advertisers, while also 'making the content more accessible to audiences wherever they prefer to consume it.' Wondery CEO Jen Sargent is leaving the company to pursue other opportunities, Amazon said. Ray Wang, principal analyst of Constellation Research, said the reorganization will help the company grow its ad business. 'This makes a lot of sense given how advertisers view both formats,' Wang said.

American Eagle Jumps Most Since 2000 After Trump Praises Sydney Sweeney Ad
American Eagle Jumps Most Since 2000 After Trump Praises Sydney Sweeney Ad

Bloomberg

time2 minutes ago

  • Bloomberg

American Eagle Jumps Most Since 2000 After Trump Praises Sydney Sweeney Ad

American Eagle Outfitters Inc. shares jumped the most since 2000 on Monday after US President Donald Trump touted the company's ads — pushing the retailer's stock into meme stock territory. The shares spiked 24% on Monday after Trump said in a social media post that American Eagle's recent marketing blitz with actress Sydney Sweeney is the 'HOTTEST ad out there.' He said American Eagle jeans are 'flying off the shelves.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store