US Existing Home Sales Puked (Again) In July…
US Existing Home Sales Puked (Again) In July… US existing home sales slumped for the fourth straight month in June, plunging a worse than expected 5.4% MoM (the worst MoM drop since Nov 2022) and dragging sales down 5.4% YoY… Source: Bloomberg Notably, existing home sales have not risen on a YoY basis since July […]
Watch: Kamala Harris Talks To Biden As If He’s Dying
Watch: Kamala Harris Talks To Biden As If He’s Dying Authored by Steve Watson via Modernity.news, While speculation of Joe Biden’s condition and whereabouts continues to mount, things were not made any clearer as Biden phoned in to a press gathering at the now Harris HQ, leading to several minutes of absolute cringe exchange between the pair. […]
Russian Crude Exports Hit Seven-Month Low Amid OPEC+ Compliance
Russia’s crude oil exports have declined for the third consecutive week, reaching a seven-month low. The four-week average exports have dropped by 620,000 barrels per day since April’s peak, with Baltic port shipments decreasing by 41% since mid-June. This reduction is likely due to Russia’s improved compliance with OPEC+ output targets and increased domestic refining […]
Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization
The US economy is showing signs of stabilization despite a sluggish first half of the year. While certain sectors like manufacturing and housing are struggling, consumer spending remains resilient. The recent rise in unemployment is largely due to increased labor supply rather than job losses. Inflation is decelerating, which should support real disposable income and […]
Netanyahu To Have Separate Meetings With Biden, Harris, & Likely Trump Too
Netanyahu To Have Separate Meetings With Biden, Harris, & Likely Trump Too It has been about a week since President Joe Biden has been seen in public or on camera, and six days since his Covid-19 diagnosis. His meeting with Israeli Prime Minister Benjamin Netanyahu, who just arrived in Washington, was initially scheduled for Tuesday, […]
Inflation Drives Tourists and Locals from Turkish Resorts to Greece
Restaurants in Turkey’s holiday towns are struggling this summer as soaring inflation, reaching 91% in some areas, drives both locals and tourists away. Social media posts highlight exorbitant prices in Turkish resorts, while a fast-track visa program has facilitated a significant increase in Turkish visitors to Greek islands. The devaluation of the Turkish lira has […]
Global Air Travel in Turmoil as CrowdStrike Outage Continues
CrowdStrike’s recent outage, affecting 8.5 million Windows devices, has caused widespread disruptions across industries, particularly in air travel. The company warns of hackers exploiting the situation by distributing malware disguised as a fix. As CrowdStrike works to resolve the issue, its stock has plummeted, and the company faces scrutiny from lawmakers. The incident has severely […]
Ukraine Might Actually Be Semi-Serious About Resuming Peace Talks With Russia
Ukraine Might Actually Be Semi-Serious About Resuming Peace Talks With Russia Authored by Andrew Korybko via Substack, The conventional thinking is that Ukraine isn’t interested in resuming peace talks with Russia unless the latter capitulates to its unacceptable ultimatums, otherwise it’ll continue fighting “until the last Ukrainian”, but that might be about to be turned on its […]
India's Bold Move: Reducing Bullion Import Taxes to Revitalize Market
India has significantly reduced import duties on gold and silver from 15% to 6%, aiming to boost retail demand and combat smuggling in the world’s second-largest bullion consumer. This move is expected to create a more level playing field for industry stakeholders and potentially increase global gold prices. However, it may also widen India’s trade […]
Stumbling Out Of The Gate: Harris Starts Race Down 9 Points, Even Worse Than Biden
Stumbling Out Of The Gate: Harris Starts Race Down 9 Points, Even Worse Than Biden Democrats’ enjoyment of the Kamala Harris campaign’s “new car smell” may prove short-lived, as a brand new poll shows the vice president trailing former President Trump by a whopping 11 points among likely voters — matching up even worse than President […]