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Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater
With mortgage rates still relatively low, despite a recent jump in interest rates, and a top-down push for affordability, Housing Starts for March soared while the more forward-looking Building Permits disappointed, unexpectedly plunged.
Housing starts soared 10.8% MoM in March (far more than the -0.4% expected drop) while Permits plunged 10.8% MoM (and worse than the -0.4% decline expected)...
This pushed the SAAR totals for Starts to 1.502 million, far above the 1.390 million expected, and the highest since Dec 2024,...
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Jun 1, 2026 / Tyler Durden
Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid
Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid
People Incorporated, formerly IAC and run by Barry Diller, has submitted a non-binding proposal to acquire the remaining MGM Resorts shares it does not already own for $48.30 per share in cash.
The latest Bloomberg data show People Inc. owns 26.1% of MGM Resorts, or about 66.82 million shares. The offer to buy the remainder would cover roughly 73.9% of MGM that is not already owned.
The $48.30-per-share offer represents a 24.1% premium to MGM's 30-day volume-weighted average...
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Sep 7, 2026 / Dave DeCamp
Ghalibaf Says Iran Will Target US Energy Firms If US Attacks on Iranian Oil Infrastructure Continue
Iranian Parliament Speaker Mohammed Bagher Ghalibaf on Monday warned that Iran could target infrastructure belonging to US oil and gas companies across the Middle East if the US continues bombing Iranian energy infrastructure. Ghalibaf issued the warning after the US bombed three Iranian oil tankers over the weekend and in response to US War Secretary […]
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Apr 20, 2026 / Jacob G. Hornberger
JFK Versus Trump on Cuba and the U.S. National-Security State
According to media reports, it appears increasingly likely that as soon as they put their Iran intervention to rest, President Trump and the U.S. national-security establishment will initiate a military attack on Cuba. Trump himself has alluded to this possibility by saying that he could “take Cuba” or “Cuba’s next.” That’s assuming, of course, that […]
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