Meet The "World's Most Dangerous" Hotel That Leaves Guests Stranded 35 Miles Offshore

Key Events This Week: PMIs, Productivity And Consumer Sentiment As has become customary for Monday, we have seen a dramatic surge in risk assets (3rd Monday in a row) on what at least superficially appears to be de-escalation after Trump announced strikes against Iran's power plant would be delayed by 5 days as a result of talks with Iran, talks which at least Iran's domestic news sources have so far denied. And the market lurches from headline to headline, it feels somewhat trivial to focus on the week ahead data calendar,...

Cuba Expands Market Reforms As Socialist Economy Buckles Under Trump Pressure Granma, the official newspaper of the Communist Party of Cuba's Central Committee, reported Wednesday that Havana is easing restrictions on private businesses and self-employed workers as it attempts to stabilize an economy battered by decades of failed socialist policies and renewed pressure from the Trump administration. "The updated regulations eliminate restrictions, broaden the scope of business activities for micro, small, and medium-sized enterprises (MSMEs) and cooperatives, and incorporate new opportunities in commerce, transport, industry, and services," Granma wrote in...

US Pending Home Sales Rebound Off Record Lows, Despite Rising Mortgage Rates After rising in February, US Pending Home Sales were expected to continue to improve in March (+0.5% MoM) but - despite apparently rising mortgage rates - sales rose 1.5% MoM (even with February revised up to +2.5% MoM). This dragged pending home sales up to +1.8% YoY (to the highest level since Nov 2024)... Source: Bloomberg ...extending its bounce off record lows... Source: Bloomberg “Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand,” NAR Chief Economist Lawrence...