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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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Apr 20, 2026 / Tyler Durden
Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over
Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over
Confirming long-standing rumors of Tim Cook's replacement, after hours Apple announced that Tim Cook will step down as CEO and become executive chairman of Apple’s board of directorsm while John Ternus, senior vice president of Hardware Engineering whose name has been speculated as the next boss of Apple, will become Apple’s next chief executive officer effective on September 1, 2026. The transition was approved unanimously by the Board of Directors.
Cook will continue in his role as CEO...
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Jun 5, 2026 / Tyler Durden
Lebanon's President Blasts Iran, Hezbollah For Using Country As Bargaining Chip
Lebanon's President Blasts Iran, Hezbollah For Using Country As Bargaining Chip
Lebanon's president has angrily lashed out at both Hezbollah and Iran - the latter for using the Lebanese nation and people as a bargaining chip in the war and standoff with the United States and Israel.
President Joseph Aoun told CNN in a rare interview that Tehran is exploiting his war-torn nation and issued a fresh demand that Iran's leadership and military stop interfering in Lebanese affairs.
via Reuters
He stressed to Christiane Amanpour that the Lebanese people are "fed up" with...
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Apr 23, 2026 / Tyler Durden
Supreme Court To Decide Whether Colorado Can Deny Funding For Catholic Preschools
Supreme Court To Decide Whether Colorado Can Deny Funding For Catholic Preschools
The U.S. Supreme Court has agreed to hear St. Mary Catholic Parish v. Roy, a significant religious liberty case that pits Colorado’s universal preschool funding program against Catholic schools’ faith-based admissions and operational policies.
Earlier this week, the Court granted certiorari in an unsigned order (no dissents noted), limiting review to two questions from the petitioners’ November 2025 petition. Arguments are expected in the Court’s October 2026 term.
The Supreme Court building in Washington on April 13, 2026. Madalina Kilroy/The...
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