Trump Says He Must Have a Say in Picking Iran’s New Leader

Beige Book: Economic Activity Picked Up In 11 Of 12 Districts; Only San Fran Flat As "Employers Invested In AI" In a modest support of the Fed's recent hawkish pivot, the latest Beige Book released today notes that economic activity across the US improved moderately, increasing at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District (San Francisco) reported no change. The pace of growth was ever so slightly better than that reported back in June when activity expanded...

"Cautious Optimism": US Pending Home Sales Rise For 3rd Straight Month In April Pending home sales were expected to rise for the third straight month in April (after crashing to record lows to end last year) as mortgage rates stabilized amid war worries, and they did, rising 1.4% MoM (better than the 1.0% expected) with March's gains revised higher too. Source: Bloomberg This left pending home sales up 3.35% YoY - the best annual gain since Nov 2024 - lifting the index off record lows... Source: Bloomberg The report suggests the housing market was...

Comcast Turns Millions Of Routers Into Motion Sensors - The Same WiFi Signals Can ID You With 99.5% Accuracy Dear Comcast customers: The internet gateway in your living room is now a motion sensor. It's free of charge, and the data can go to law enforcement without further notice. What's more, researchers have already shown that these same signals can identify exactly who is in the room. On Tuesday, Comcast unveiled Xfinity Shield, a home security platform built entirely around the WiFi network. Its centerpiece, WiFi Motion, turns the leased gateway into...