US-Iran Have Delegations In Qatar, But No Direct Talks; Hormuz Energy Transit Rebounds - Oil Down Near Prewar Levels

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To COVID Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...

'Quality Learing Center' And 20 Other Somali-Linked Businesses Raided By FBI, Homeland Security In Minnesota Federal agents from the FBI and Homeland Security Investigations (HSI) executed court-authorized search warrants at more than 20 locations across the Minneapolis area early Tuesday morning, targeting businesses primarily linked to the Somali-American community as part of an ongoing criminal fraud investigation. Fox News congressional correspondent Bill Melugin reported that the Department of Justice confirmed the operation to the network, stating it involves "court-authorized law enforcement activity as part of an ongoing fraud investigation." A separate...

Los Angeles Ranks Last Among 100 US Metros For Affordability And New Home Construction Authored by Mary Prenon via The Epoch Times, Des Moines, Iowa, ranked first and Los Angeles ranked last in Realtor.com's inaugural report grading the 100 largest U.S. metros on housing affordability and homebuilding activity. A sign is posted in front of a home for sale in Los Angeles on July 9, 2026. Justin Sullivan/Getty Images The results highlighted how local zoning and permitting can affect housing affordability in different areas. The real estate platform's first Metro Affordability and Homebuilding Report...