Condo Prices Already Dropped By Up To 33% In 24 Bigger Markets

Trump Backs Off 20% Fee Plan For Hormuz, Asserts 'FULL Blockade' Only On Iranian Ports Update(11:20ET): It's the return of another TACO Tuesday as President Trump in a lengthy Truth Social missive appears to have reversed his plan to collect a 20% of cargo fee for international vessels wishing to transit the Strait of Hormuz. "Oil is flowing like never before," he began (except it's not...), before writing, "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and...

GDP Shocker: 75% Of US Growth In The First Quarter Was Due To AI On the surface, today's Q1 GDP print was unremarkable: Real GDP grew 2.0% annualized in the first quarter, somewhat below consensus expectations of 2.3% and reflecting a surprisingly small rebound in government spending after the shutdown drag in Q4. Federal government spending contributed only half as much to real GDP growth in Q1 (+0.6%) as it subtracted in Q4 (-1.2%), implying that the level of real federal government spending in Q1 is 2.2% below its level...

Did The World Cup Just Start A War In Europe Over Air Conditioning? The World Cup has triggered one of the most surprising global cultural awakenings in decades and almost no one saw it coming.  The establishment media had been running negative propaganda for months, claiming that the event was going to be a disaster because it was being held in the US.  The machine had already decided that the World Cup in 2026 was going to be sold as a disaster from start to finish.  Rumors were spinning...