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Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022... Source: Bloomberg That dragged Existing Home...

Ukrainian President Volodymyr Zelensky said on Sunday that the US isn’t producing enough anti-ballistic missile systems and that he has requested a license for Ukraine to start producing Patriot missiles. “There is not enough anti-ballistic missile production in the United States, and this could lead to a crisis in different parts of the world,” Zelensky […]

US Navy Destroyer Shows Off New Launcher For Mystery Weapons The U.S. Navy has quietly equipped one of its Arleigh Burke-class destroyers with a previously unseen launcher, reflecting a broader effort to counter the growing threat posed by drones in contested maritime environments, according to TWZ. USS Carl M. Launcher mounted on Levin (DDG 120) (U.S. Navy, VIRIN: 260329-M-FP389-1205) A U.S. Marine Corps photograph released April 8, taken March 29 at Pearl Harbor, Hawaii, shows the USS Carl M. Levin fitted with the system on its aft upper deck. The multi-cell launcher,...