Russia's Oil Revenues Surge As The World Scrambles For Supply

A senior member of Russia’s parliament on Tuesday said that Russia is planning to escalate its attacks on Kyiv by targeting underground facilities and bunkers used by Ukrainian military commanders and leadership. Russia has informed the US and its European allies to evacuate their personnel from the Ukrainian capital as Moscow is planning major strikes […]

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis... Overall, new home sales have really gone...

Poland Revokes Top Award From Zelensky As Row Over Nazi Symbolism Deepens Poland and Ukraine's ties continue to fray, worsening an ongoing diplomatic crisis - despite Warsaw being an 'eastern flank' key NATO ally in the broader Western campaign against Russia.  President ​Karol Nawrocki has just announced the country's highest state honor previously awarded to Ukrainian President Volodymyr Zelensky has been revoked.  "In light of President Volodymyr Zelensky's consent to name one of the units of the Armed Forces of Ukraine 'Heroes of the UPA,"... I have decided to revoke the Order ⁠of...