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US New Home Sales Tumbled In April As Prices Soared
US New Home Sales Tumbled In April As Prices Soared
With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down
Source: Bloomberg
Overall, new home sales have really gone nowhere for four years...
It seems lower mortgage rates did nothing to help new...
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Jul 20, 2026 / Tyler Durden
Trump Reaches For A 1930 Tariff Law To Hit Canada With 50% Duties - But Not On These Items
Trump Reaches For A 1930 Tariff Law To Hit Canada With 50% Duties - But Not On These Items
President Donald Trump signed three proclamations Monday imposing an additional 50 percent tariff on a broad list of Canadian goods, accusing Canada of discriminating against American dairy, alcohol, and auto exports. The White House said the president was acting to hold Canada accountable for what it called "continued discrimination" against U.S. commerce, according to The Epoch Times. The duties take effect in 30 days.
American whiskey is seen on the shelves of...
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May 22, 2026 / Tyler Durden
Singham Network Mobilizes To Defend Raúl Castro After DOJ Indictment
Singham Network Mobilizes To Defend Raúl Castro After DOJ Indictment
Via American Greatness,
Key organizations and activists tied to the CCP-linked Singham Network rapidly moved to defend former Cuban dictator Raúl Castro following this week’s Justice Department indictment tied to the 1996 shootdown of civilian aircraft flown by Brothers to the Rescue.
The indictment, unveiled by the United States Department of Justice, charges Castro and others in connection with the deaths of four men after Cuban MiG fighter jets destroyed two civilian planes over international waters near Cuba nearly three decades ago. Prosecutors said the...
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Jul 8, 2026 / Tyler Durden
US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report
US Bitcoin Reserve Stalls As Treasury And Commerce Vie For Control: Report
Authored by Micah Zimmerman via BitcoinMagazine.com,
Sixteen months after President Donald Trump ordered his administration to build a federal bitcoin reserve, the White House says it is still working out how the fund should be structured, and a dispute between two departments has slowed the effort, according to recent reporting from Bloomberg.
Trump signed an executive order in March 2025 to create what he called a Strategic Bitcoin Reserve, along with a separate U.S. Digital Asset Stockpile for other cryptocurrencies.
The order directed the Treasury and...
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