US Has Lost About a Dozen MQ-9 Reaper Drones in Iran War

Rare Local Ceasefire In Ukraine At Zaporizhzhia Nuclear Plant For Urgent Repairs The International Atomic Energy Agency (IAEA) confirmed in a Friday announcement that a local ceasefire between Ukraine and Russia is in effect around the Zaporizhzhia Nuclear Power Plant to urgently allow crews to restore the facility's backup power supply. In a local, mutual agreement along the front lines, the UN nuclear watchdog confirmed both sides agreed to halt fighting in the area to enable work on the damaged line. This is a rare ceasefire moment, even if very localized...

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,...

Continuing Jobless Claims Tumble To 2-Year Lows The number of Americans filing for jobless benefits for the first time rose from 203k to 219k last week (higher than the expected 210k), but still hovering within the low-low range of the last four years... Source: Bloomberg New Jersey and Oregon saw the largest WoW rise in initial claims while Texas and New York saw the biggest decline... But, while initial claims rose, continuing jobless claims tumbled to the lowest level since May 2024... Source: Bloomberg Soft survey data continues to signal a stressed labor market, while...