Terrible 2Y Auction: Biggest Tail In 3 Years, Dealers Highest Since 2022 With both foreign and domestic investors dumping gold (and anything else not nailed down) to fund oil, at its brand sparkling new price of $170 (in Asia), we were wondering how long before the lack of disposable cash hits US debt. We got the answer today at just after 1pm when we got the results of today's $69 billion 2Year bond auction. In a nutshell, it was terrible. The auction priced at a high yield of 3.936%, up from 3.455% last month and the highest since May 2025. It also tailed the When Issued by a whopping 1.8bps, the highest tail since March 2023. The bid to cover was a piss poor 2.440, down sharply from 2.630 and the lowest since May 2024. The internals were also ugly, with Indirects taking 59.98%, an improvement from 55.91% in February, but it was the Direct bidders that unexpectedly tumbled from 42.3% to 16.50%, the lowest since March 2025. This left Dealers holding 24.12% of the auction, up sharply from 9.81% and the highest since October 2022. Overall, this was a very ugly auction, and the only thing that could have made it catastrophic was if Indirects had also refused to participate. For now they haven't but at this rate it's just a matter of time before Indirects go limit down and Dealers are forced to carry the entire auction. Tyler Durden Tue, 03/24/2026 - 13:25

Mark Zuckerberg Is Building An AI Version Of A CEO To Help Him Run Meta This isn't going to help the speculation that Zuckerberg, himself is a robot. I mean, it's only a joke...right? Mark Zuckerberg is pushing a future where everyone—inside and outside Meta Platforms—has a personal AI agent. He’s beginning with his own, according to a new report from the Wall Street Journal . The CEO is building an internal “CEO agent,” still in development, that helps him quickly access information he’d normally get through layers of staff. The goal reflects a broader company shift: speed up work, reduce hierarchy, and compete with lean, AI-first startups. AI adoption has become central to Meta’s strategy. Zuckerberg recently emphasized this direction, saying, “We’re investing in AI-native tooling so individuals at Meta can get more done,” adding that the company is “elevating individual contributors and flattening teams.” Employees are now expected to use AI regularly, and it even factors into performance reviews. Across the company, staff are experimenting heavily. Internal forums are full of AI tools and ideas, with some employees describing the environment as similar to Meta’s early “move fast and break things” era—now updated to a more stable, AI-driven version of rapid innovation. New tools are emerging internally. Personal agents can access files, communicate with coworkers—or even other agents—on a user’s behalf. Another tool, Second Brain, acts like an “AI chief of staff,” helping organize and retrieve project information. There are even spaces where employees’ AI agents interact with each other. WSJ writes that Meta is also investing externally, acquiring startups like Moltbook and Manus to expand its capabilities. To support this shift, Meta created a new applied AI engineering group designed to be “AI native from day one,” focused on accelerating development of its AI models. Employees are encouraged to attend frequent AI trainings, hackathons, and build their own tool...

格隆汇3月25日｜惠誉评级：全球伊斯兰债券与海湾合作委员会一级债券发行市场流动性受伊朗战争影响各异。

【有線新聞】廉署起訴5人涉樓宇大維修貪污 三屋苑工程總值9,000萬元 包括茵翠苑、海都樓、怡勝花園

Tamer Soliman Silver has had a volatile run in the year so far. The precious metal kicked off the year on a high note with prices ( XAGUSD:CUR ) breaching past $100 per ounce in January. However, they suffered a steep plunge at the end of the month following the explosive run. The metal went through a corrective phase throughout February. The decline was driven by investors locking in gains after a strong run, alongside rising near-term volatility in commodity markets. In March, as the U.S.-Iran conflict broke out, it further suffered, ending in the red for the first five consecutive sessions of the month. In the month so far, spot silver prices have closed in the red for 14 out of 20 trading sessions. Despite this, silver continues to trade above the $65 per ounce mark, much higher compared to the same period last year. However, on a YTD basis, the metal has declined by 2.19%. Mining stocks have also suffered in tandem with the precious metal, with Andean Precious Metals ( ANPMF ) registering the highest YTD loss of 36.01%. Meanwhile, First Majestic Silver gained the most with a 15.25% rise. The following is a list of mining stock gainers and losers, along with their YTD performance and quant ratings. Gainers First Majestic Silver ( AG ) +15.25% YTD | Quant Rating 3.40 Silvercorp Metals ( SVM ) +12.23% YTD | Quant Rating: 3.38 Agnico Eagle Mines ( AEM ) +6.11% YTD | Quant Rating: 3.39 New Pacific Metals ( NEWP ) +3.42% YTD | Quant Rating: 3.44 Wheaton Precious Metals ( WPM ) +1.27% YTD | Quant Rating: 3.40 Losers Andean Precious Metals ( ANPMF ) -36.01% YTD Coeur Mining ( CDE ) -35.15% YTD| Quant Rating: 4.92 GoGold Resources ( GLGDF ) -19.72% YTD Equinox Gold ( EQX ) -11.18% YTD| Quant Rating: 3.15 Aya Gold & Silver ( AYASF ) -8.06% YTD Endeavour Silver ( EXK ) -7.23% YTD | Quant Rating: 3.20 Hecla Mining ( HL ) -7.19% YTD | Quant Rating: 3.37 Fortuna Mining ( FSM ): -6.9% YTD | Quant Rating: 4.68 Discovery Silver ( DSVSF ) -6.58% YTD Pan American Silver ( PAAS ):...

Bennett Raglin/Getty Images Entertainment Shopify ( SHOP ) has launched a new feature enabling merchants to sell products that are discoverable within ChatGPT through Shopify’s ( SHOP ) Agentic Storefront. Transactions will still take place within Shopify’s ( SHOP ) checkout and payments platform, and merchants will remain the “merchant of record” to retain ownership of customer data. “Shopify has spent two decades unifying the full commerce lifecycle into one operating system—merchandising, payments, fraud, tax, fulfillment, subscriptions, and more. That infrastructure powers selling through storefronts, points of sale, social platforms, and now AI agents,” the company said on its website . Shopify ( SHOP ) first launched its Agentic Storefront in December to enable merchants to make merchandise discoverable through AI shopping interfaces like Microsoft Copilot ( MSFT ), AI Mode in Google Search/Gemini ( GOOG ), and now ChatGPT ( OPENAI ). With the integration of ChatGPT, shoppers can search, discover, and purchase merchandise on Shopify without leaving the ChatGPT chat. Payments, however, will not be processed through ChatGPT’s Instant Checkout but instead through the Agentic Storefront. This is a major step forward as we make ChatGPT the best personal shopping super assistant, while ensuring merchants remain in control of their customer experience,” said Commerce Product Lead at OpenAI ( OPENAI ) Neel Ajjarapu. More on Shopify Inc Shopify's Rule Of 47.3% And Leading SaaS Position Doesn't Come Cheap Shopify: An AI Winner Not A Loser (Rating Upgrade) Shopify: Why It Could Double From Here Shopify is called an agentic AI winner by analysts Shopify outlines AI-driven commerce expansion as company targets low 30% revenue growth in Q1 2026

Meta Platforms : Partners With Arm to Develop New Class of Data Center Silicon marketscreener.com

Key PointsExxon and Chevron are two of the most profitable companies in the oil patch.

格隆汇3月25日｜真主党：于星期二18:30，针对拉布·萨拉廷镇的一处以色列军队车辆和士兵集结地发射了炮弹。

People want answers from Rachel Reeves. Will she subsidise energy bills, and by how much? Will she delay the increase in fuel duty? Will Labour change course on North Sea oil taxes? This afternoon she did a valiant job of not answering any of these questions, while updating the Commons on the effects of war on Iran. One can hardly blame her: the Middle East conflict is volatile enough to send markets up and down like something I can’t mention in a family newsletter, so how can a third party government set policy with confidence? Decisions might look absurd even a day (or an hour) later, forcing those in power to quickly change tack — and we all know how this government feels about U-turns. Hence, ministers keep using a lot of words to say very little, and in fairness this is a skill at which they excel. It’s also politically sensible, as is the Chancellor’s favourite rhetorical flourish: reminding everyone about the Liz Truss crisis. “The previous government pushed up borrowing, interest rates, inflation and mortgage costs with an unfunded, untargeted package of support under Liz Truss that gave the support to the most wealthiest of households,” Reeves said , taking superlatives to a new level. Beyond the rhetoric, this did give us a clue as to government policy. Reeves has effectively ruled out universal support, and seems determined to rein in the cost of any bailout that Labour might consider obligatory for electoral reasons.. Her position was welcomed by the Resolution Foundation, a think tank which — alongside the Institute for Fiscal Studies — has warned against blanket support for household bills. Any payments must, somehow, be targeted, the wonks advise. Caution looks like the best approach, and steady hands will be required to guide the UK through this latest economic storm. The extent of the turbulence was laid bare by this morning’s PMI survey , which showed the sharpest increase in manufacturing costs since Black Wednesday in 1992. Mortgage rates continu...

JHVEPhoto Mattel ( MAT ) announced a new global, cross-category Masters of the Universe product line timed to the upcoming live-action film from Amazon MGM Studios ( AMZN ) and Mattel Studios. The film is set to open at theaters on June 5, 2026, with international releases following via Sony Pictures International Releasing. The Masters of the Universe product line will be rolled out on April 25 worldwide across toys, gaming, collectibles, apparel, and more, supported by licensees and exclusive retail collaborations. The toy range includes multiple action-figure lines inspired by the movie (Kids Core, Chronicles Collector, and Origins), Barbie Signature dolls of He-Man and Teela, Funko Pop! vinyl figures of key characters, Hot Wheels die-cast cars themed to He-Man and Skeletor, a Mattel Brick Shop buildable Snake Mountain Lair with NanoWorld figures, themed UNO, and lifestyle extensions such as Goodr sunglasses and a Masters of the Universe x TEMPTATIONS cat-treat collaboration inspired by Cringer and Battle Cat. Beyond Mattel’s ( MAT ) own brands, more than 70 global partners, including Hot Topic, Box Lunch, Spirit Halloween, Bioworld, MONDO, and others, will support additional drops through 2026 and into 2027 across apparel, accessories, home, publishing, and premium collectibles. Mattel ( MAT ) is also launching a new Masters of the Universe publishing slate for 2026, led by Mattel Press and partners, featuring a young adult novel focused on Teela, a junior retelling, a film-universe graphic novel, and an art book to deepen the brand’s storytelling. The film and product release is tied closely to Mattel's ( MAT ) broader strategy to expand its toy brands into tentpole theatrical franchises. The project is seen as a cornerstone title in Mattel's ( MAT ) growing film slate, intended to anchor a multi-year pipeline of Masters of the Universe content and consumer products. More on Mattel Mattel, Inc. (MAT) Presents at UBS Global Consumer and Retail Conference - Slide...

由于担心伊朗战争可能升级，油价上涨，货币市场加大对欧洲央行加息的押注，德国国债收益率曲线扭曲趋平。收益率上升主要由实际利率推动，盈亏平衡通胀率下降，表明市场相信央行将履行职责，把通胀控制在目标范围内。 互换市场显示，市场目前预计欧洲央行今年将加息76个基点，高于周一的64个基点；预计下月会议将加息20个基点。 随着波动率跃升，意大利国债全线落后于欧元区其他国家国债。 英国国债短端表现弱于曲线其他部分，因交易员上调对英国央行年内加息的押注；同时，交易员也在为将于周三开盘前公布的英国2月CPI数据进行布局。 互换市场显示，市场预计英国央行将收紧69个基点，高于此前的62个基点。 市场： 德国10年期国债收益率上涨1个基点，报3.02%； 德国国债期货下跌8个点，报125.37； 意大利10年期国债收益率上涨5个基点，报3.93%； 法国10年期国债收益率上涨2个基点，报3.74%； 10年期英国国债收益率上涨2个基点，报4.94%。 责任编辑：丁文武

Tottenham significantly outran Nottingham Forest on Sunday but still ended up losing 3-0, so does running more make a difference?

The CEO claims the era of the $1 billion AI-run companies is already here.

In this article O9T-FF HXSCL META Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 15:24 15:24 Inside Arm’s $71 million chip lab where its making its first ever CPU Tech For more than 35 years, Arm Holdings has licensed its instruction sets to the world's biggest chipmakers and collected royalties on every processor made with its designs. Now the U.K.-based company is making physical silicon of its own for the first time. Arm CEO Rene Haas unveiled his company's first in-house chip on Tuesday at an event in San Francisco. Arm is calling the new data center central processing unit the AGI CPU. It's a long-anticipated move that marks a major change for the so-called Switzerland of chip firms as it enters into fresh competition with its customers. Meta is the first to sign on, as the social media company builds out multiple gigawatts of AI data centers and plans to shell out up to $135 billion on capital expenditures this year. In February, Meta secured a huge amount of chips from both Nvidia and Advanced Micro Devices . "In today's world, you really only have a couple of players," said Meta software engineer Paul Saab, who helped with the Arm chip project since its start in 2023, in an interview with CNBC. "This adds yet another player to the ecosystem for us." Saab added that the Arm deal "allows a lot more flexibility in our software stack and in our supply chain." Terms of the agreement weren't disclosed. For Arm, the deal marks a major win and a stamp of approval from one of the most valuable companies in the world. "Let's say they get 5% of Meta's $115 to $135 billion capex going into the future," said chip analyst Patrick Moorhead of Moor Insights. "That is a game changer on the top line for them." It's also the latest sign that CPUs are seeing a resurgence in demand. Nvidia, which has established itself as the leader in AI graphics processing units, recently told CNBC that CPUs are " becoming the bottleneck " as agentic AI changes compute needs. ...

Apple Stock Is Moving Higher: What's Happening? Benzinga

Apple Stock Is Moving Higher: What's Happening? benzinga.com

格隆汇3月25日｜瑞士央行行长：瑞郎在不确定时期是避风港。

In this article .DJI .RUT Follow your favorite stocks CREATE FREE ACCOUNT Ships line up in the Strait of Hormuz as seen from Khor Fakkan, United Arab Emirates, March 11, 2026. Altaf Qadri | AP Prediction market bettors aren't confident that a key oil passageway in the Middle East will reopen in the next few weeks, despite some hope that the U.S. and Iran might find a way out of the war . Odds that tanker traffic in the Strait of Hormuz will "return to normal" before April 15 are below 25% on Kalshi. By June 1, however, odds shorten to more than 67%, and by July 1 to 76%. Kalshi defines a return to normal as the seven-day moving average of Hormuz transit calls topping 60, as tracked by IMF PortWatch. Roughly $100,000 has been wagered in the market. The Strait of Hormuz — through which some 20% of the world's crude oil transited before the war — has become a flash point in the conflict. Iran has effectively halted trade between the Persian Gulf and the Arabian Sea in response to U.S.-Israeli military strikes, including the killing of its supreme leader on Feb. 28, the first day of airstrikes. President Trump said Monday that the Strait could reopen "very soon" as part of his plan to delay attacks on the Iranian energy grid for five days in hopes of striking a deal with the Islamic Republic. Trump said that he and Iranian officials could share joint control of the strait. "They want, very much to make a deal. We'd like to make a deal too," Trump told reporters in Florida. If free passage through the strait isn't settled, "we'll just keep bombing our little hearts out," he said. Trump's comments Monday came shortly after an earlier social media post saying that the U.S. and Iran were engaged in "productive" talks. Stocks rallied in response, as Wall Street cheered any perceived progress toward a ceasefire in the war, which is now in its fourth week and has pushed down U.S. stocks and driven oil prices sharply higher. The Dow Jones Industrial Average last week suffered i...

May WTI crude oil (CLK26 ) today is up +3.37 (+3.82%), and May RBOB gasoline (RBK26 ) is up +0.1158 (+3.92%). Crude oil and gasoline prices are sharply higher today, recovering some of Monday’s losses amid concerns that the conflict in the Middle East could escalate. Crude prices are climbing...

May arabica coffee (KCK26 ) today is up +11.80 (+3.84%), and May ICE robusta coffee (RMK26 ) is up +55 (+1.51%). Coffee prices are sharply higher today, with arabica posting a 7-week high. Coffee farmers in Brazil are holding back supplies in hopes of higher prices, leading to tightness in...

Welcome to The Brink . I’m Reshmi Basu , a reporter in New York, where I looked how a cooperation pact was a saving grace for Dish and its creditors. We also have news on a legal challenge to Liberty Puerto Rico’s LME and Fortress managers skirting software “no man’s land.” Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . All for One Years in the making, Dish ’s more than $15 billion restructuring came together after lenders found a democratic solution to a messy problem. The deal — involving a horde of funds and threatened by false starts, a failed merger and prolonged litigation — got done in large part thanks to a cooperation pact, according to people with knowledge of the matter. The agreement meant they negotiated as one bloc on the same footing, rather than try to stake bigger claims through private deals on the side. The pact between creditors of the EchoStar unit insured equal treatment for all — a departure from cooperation agreements that have awarded premiums to negotiating lenders at the expense of others. The restructuring tackled a handful of issues that have plagued the relationship between creditors to Dish DBS, including intercompany loans and the rerouting of assets to a different unit. It was a fortuitous outcome for bondholders who’d expected they’d be locked into a grueling showdown with EchoStar and its pugnacious co-founder Charlie Ergen. Creditors in the highly complex capital structure found consensus through the cooperation agreement framework, according to Michael Handler, a restructuring partner at law firm King & Spalding . “The EchoStar restructuring presents a cooperation agreement success story,” he said. Creditors to Dish hashed out a cooperation pact soon after its 2023 acquisition by EchoStar — and kept extending it. The agreement held through restructuring talks and helped pave the way for last week’s refinancing, according to the people familiar. Dish has struggled to transition from a legacy ...

Amid artificial intelligence concerns, chips are one area that aren’t feeling the crunch. Although the war in Iran has understandably grabbed headlines, investors remain wary about AI. Nvidia is down nearly 6% this year, while the Roundhill Magnificent Seven exchange-traded fund is off 10.5%.

格隆汇3月25日｜瑞士央行行长：中东冲突可能加大瑞郎升值压力。

J Studios Mark Zandi, chief economist at Moody’s Analytics, warns that a recession is “more than likely by the second half of the year” unless geopolitical tensions ease and the domestic economy stabilizes. In an interview with CNBC, Zandi pointed to a flattening labor market, rising inflation, and surging oil prices ( CL1:COM ), ( CO1:COM ) as key factors driving his pessimistic outlook. The economist emphasized that these recession risks were elevated even before the conflict in Iran pushed energy costs sharply higher. “The job market has gone flat here. We lost jobs in February. We’ve not been going anywhere fast for the better part of the past year,” Zandi said. The unemployment rate has climbed a full percentage point over the past three years and is now approaching 4.5%, which Zandi noted exceeds most estimates of full employment. Inflation remains a significant concern, with prices already trending upward before hostilities in Iran sent oil prices spiking. Gas prices ( XB1:COM ) have jumped from under $3 per gallon to $4 in just three weeks, adding pressure to an already strained economy. “For lower middle-income households that many are living paycheck to paycheck, they've got some tough choices to make,” Zandi warned. The path to avoiding recession depends heavily on a diplomatic resolution to the conflict. Zandi stated that “unless the hostilities are coming to an end now, the president figures out a way to stand down, declare victory, move on,” the economic trajectory will remain troubling. Without such a resolution, he believes recession risks remain “very high.” While some sectors report strong performance—including airlines, citing robust demand for both business and leisure travel—Zandi expressed skepticism about these anecdotal success stories. “If you look at the data, I’m not sure I’d come to the same conclusion,” he said, pointing to stagnant retail sales, declining vehicle purchases, and weak home sales as evidence that consumers are struggling m...