Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss

US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY... Source: Bloomberg Total existing home sales SAAR hover just above 4.00 million homes... Source: Bloomberg The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any...

Alleged Chinese Spy Ship Lurking Near U.S. Base In Qatar Raises Questions The War Zone's Ian Ellis posted on X about a suspicious Chinese vessel operating in the Gulf area, which he described as a "Chinese surveillance ship" with "close ties" to the People's Liberation Army. According to Ellis, Hai Yang Shi You (285) was moored not long ago, just 10 miles from U.S. assets, raising concerns about Chinese intelligence-gathering activity in the region amid the US-Iran conflict. Chinese surveillance ship Hai Yang Shi You (285) got underway in the Gulf again,...