Blackstone's Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis... Overall, new home sales have really gone...

Turkey & Israel On Brink Of Military Clash After Netanyahu Ordered Strikes On Syrian Airbase At a moment of the ongoing Iran conflict, Israel and Turkey are escalating their competing claims and rhetoric over Syria, to the point that full-blown war is being threatened. NBC writes of the irony of two American regional allies on the brink: "A pair of key American allies, an attack on a strategic military base and an intense election campaign: The United States has been scrambling to de-escalate this week after Israel launched strikes that appeared aimed not just at the...