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New Home Sales Unexpectedly Plunged In May As Prices Surged

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...
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Jul 10, 2026 / Tyler Durden
Polymarket Seeks Approval To Bring Margin Trading To U.S. Customers
Polymarket Seeks Approval To Bring Margin Trading To U.S. Customers Authored by Olivier Acuna via CoinDesk, Prediction market Polymarket applied for a license to offer U.S. users margin trading, enabling them to place bets with less upfront capital, Bloomberg reported Thursday. Polymarket takes another step in its return to the U.S. (Kanchanara/Unsplash) Polymarket's U.S. affiliate, Coming Home GBA LLC, filed for a futures commission merchant license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will also require authorization from the Commodity Futures Trading Commission (CFTC) for changes to its...
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May 3, 2026 / Tyler Durden
UK Schools Pushing Books On Kids Telling Them "There's Plenty Of Room" For Small Boat Migrants
UK Schools Pushing Books On Kids Telling Them "There's Plenty Of Room" For Small Boat Migrants Authored by Steve Watson via Modernity.news, British kids as young as five are now being read picture books that paint small boat crossings in glowing terms and urge them to open the door to unlimited migration.   While record numbers of illegal arrivals strain housing, schools and public services, left-wing charities are using taxpayer-backed programmes to turn classrooms into recruitment centres for open borders ideology. More than 1,100 schools and nurseries across the UK have signed up to...
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May 1, 2026 / Tyler Durden
Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias"
Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias" This morning, three Fed officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. “I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today,...
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