Israeli Strike in Gaza Kills Father, Mother, and Their Six-Month-Old Baby

US Housing Starts Plummet In July, Near COVID Lows After Housing Starts exploded higher in June (driven by a massive rebound in multi-family units), July was expected to see a reflexive decline of 5.9% MoM... ...things were considerably worse, with US Housing Starts plunging 12.4% MoM (the third major monthly drop in four months)... On the other hand, the more forward-looking Building Permits (preliminary for July) rose 5.0% MoM (well above the 0.6% MoM expected), after two months in a row of declines. On a SAAR basis, Starts at back near post-COVID lows...

Major Iranian Attack On Kuwait International Airport Leaves One Dead, 63 Injured Kuwait International Airport has come under Iranian missile and drone attack on Wednesday, in a significant strike that killed one person and left 63 people injured - according to the country's health ministry, with several of the victims being seriously wounded. A passenger terminal was directly struck, damaging facilities including diplomatic missions at the airport, Kuwaiti authorities have said. Area hospitals conducted seven major emergency surgeries following the incident, underscoring that it was a mass casualty event. via The Telegraph Kuwaiti...

A US F-18 attacked and disabled an Iranian-flagged civilian ship in the Gulf of Oman. “US Central Command (CENTCOM) forces observed M/T Hasna as it transited international waters enroute to an Iranian port on the Gulf of Oman,” a statement from CENTCOM published on Wednesday said. “After Hasna’s crew failed to comply with repeated warnings, […]