Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater

JPM Tried $1 Million Payoff To Bury Banker's Sexual Assault Claims Before Daily Mail Bombshell Views on JPMorgan banker Lorna Hajdini's Bloomberg profile surged on Wednesday afternoon. Why? The Wall Street Journal has released a new report stating that JPMorgan reportedly offered former investment banker Chirayu Rana $1 million to settle his sexual assault, harassment, and racial discrimination claims against Hajdini before he filed the lawsuit. Rana's lawsuit was refiled on Monday after being withdrawn for a week. The lawsuit went viral after a Daily Mail report, which was later followed by a...

US Housing Starts Collapsed In May To Lowest Since COVID With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)... Source: Bloomberg That pulls the Housing Starts SAAR to its lowest since COVID (after reaching the highest since 2024 in April)... Source: Bloomberg Under the hood, it was multi-family (rental) starts that...

An excerpt from ‘The Great Betrayal.’ Joe Biden’s presidency may ultimately come to be seen as a cautionary tale. Here was a president who showed little interest in entertaining arguments that might have contradicted his most deeply held assumptions.[1] And there were precious few within the upper ranks of the administration who might have attempted to […]