Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater

Saudis On Trump's Israel Normalization Demand: 'Tweets Don't Overturn Signed Deals' Update(1258ET): Saudi unnamed officials are pushing back, as expected... After President Trump earlier this morning in a Truth Social post asserted that the already signed US-Saudi nuclear deal would actually be conditioned on Riyadh joining the Abraham Accords, journalist Laura Rozen quotes an unnamed Saudi source who says Trump’s demand is too late. "It was signed. So nothing to renegotiate," the Saudi source says. "Tweets don’t overturn signed agreements." Is the 'civilian nuclear energy' deal already dead on arrival, even as it's...

Israeli Forces Raise Flag Over Syrian Town In Latest Raid: 'Provocative Act' Authored by Jason Ditz via AntiWar.com, Israeli military vehicles rolled into the town of Hadr in Syria’s Quneitra Governorate days ago and raised the Israeli flag over the town's entrance. Locals say they also closed all but one road leading into or out of the town, and established a checkpoint on that road as well. Though Israel routinely raids Quneitra's towns and villages of late, raising the Israeli government's flag over a town is more provocative than what usually happens in...

"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But... Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday's payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month... With the Goods-producing side of the economy losing 3k jobs... "Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions," said Dr. Nela Richardson Chief Economist,...