Conference Board Consumer Survey Signals Ugly Job Market, Weakest 'Present Situation' In Over 5 Years

Seven members of Iraq’s armed forces were killed on Wednesday in what was likely a US airstrike on a base the Iraqi military shares with the Popular Mobilization Forces (PMF), a coalition of mostly Iran-aligned Shia militias that the US has targeted since the start of the war with Iran. The Iraqi Defense Ministry said […]

US Home Prices Drop For 3rd Straight Month Home prices in America's top 20 cities were expected to fall MoM for the 3rd straight month in April (the latest reported data from S&P Cotality Case-Shiller) and they did... but only marginally. Prices fell 0.04% MoM in April (less than the 0.10% decline expected), but the annual change rose modestly from +0.88% YoY to +1.14% YoY... Source: Bloomberg "Monthly price movements show seasonal strength masking underlying softness," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. The...

President Donald Trump announced on Truth Social that the United States would impose a total blockade of the Strait of Hormuz. In a second post, he claimed that talks with Iran collapsed because Tehran was unwilling to commit to not developing nuclear weapons.  “Effective immediately, the United States Navy, the Finest in the World, will […]