Chinese EV Makers Turn Abandoned Western Factories Into Global Launchpads

Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump US Housing Starts exploded higher by 19% MoM in June, dramatically more than the already large 11.2% MoM expectation and rebounding from the prior two ugly monthly declines. This was the biggest monthly increase in Starts since May 2023. On the other side, the more forward-looking Building Permits declined for a second straight month... This shouldn't be a total surprise after yesterday's decline in builder sentiment (confidence among US homebuilders dropped for a second month to the lowest level of...

Jefferies Identifies High-Quality Energy And Materials Stocks As Cyclical Rotation Accelerates Jefferies analyst Lloyd Byrne wrote in a note on Monday that surging refined-product margins, stronger gas-fired power demand, and improving earnings estimates are providing clear tailwinds for energy stocks, even as valuations and technicals appear stretched. Byrne showed that the clearest source of strength in the energy market is refining. The six-month New York Harbor diesel-to-crude spread topped $100 (HOCL1 Index on Bloomberg) and has moved in close tandem with the Energy Select Sector SPDR Fund (XLE). Included in the "10...

Israel raids southwest Syria several times a day at this point, with the operations growing in scale. Detentions are still comparatively rare, and oftentimes detained civilians are released within hours, or the following day. The one consistent is that the IDF never talks about who they detained, why they detained them, or what happened to […]