Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail

According to a report, President Donald Trump’s key Middle East policies are now conflicting with one another.  Ynet reports speaking with three officials who said that talks with Hamas to bring the conflict in Gaza to an end were halted when the Iran war began last week and have not resumed. In October, Tel Aviv […]

Condo Prices Already Dropped By Up To 33% In 24 Bigger Markets Authored by Wolf Richter via Wolf Street, The price drops are getting relentlessly steeper: In 24 bigger markets, prices of mid-tier condos through April have dropped by 15% to 33% from their respective peaks between 2021 and 2024. Each of the markets is shown in a chart below: 24 mindboggling charts, depicting breath-taking price explosions, especially from mid-2020 to mid-2022, exceeding 50%, 60%, or even 70% in just two years in some cities. In the 10 years to the peak,...

Ursula von der Leyen To Visit Armenia Next Week As Pro-EU Aspirations Ramp Up Brussels is eyeing Armenia as the small Caucasus nation has lately made it's pro-EU aspirations known, given just earlier this month Armenian Prime Minister Nikol Pashinyan's party won parliamentary elections, in a vote widely seen as signififying its major pro-Western shift. Pashinyan had claimed a "historic victory that will ensure Armenia’s eternity and development" while also vowing to "continue the course of rapprochement with the West" - but while balancing the pursuit of positive relations with Russia. And now, just days...