US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows

"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows The US military has struck Iranian targets for a second straight day, while Tehran has responded with ballistic missile and drone attacks targeting Kuwait, Qatar, Bahrain and even faraway Jordan. While our overnight wrap focused on the latest war developments, the focus here is what energy traders are watching most closely: vessel traffic through the Strait of Hormuz. Bloomberg cites new shipping data showing that the Hormuz chokepoint slowed to a near standstill on Thursday. More color from the report: Among larger vessels,...

Israeli strikes pounded Gaza City during a ground raid on Tuesday, killing at least four Palestinians, including two children, as the IDF continues its constant violations of the October 2025 ceasefire deal. Initial Israeli reports said the ground raid may have been carried out by an Israeli-backed Palestinian militia, though Israeli Prime Minister Benjamin Netanyahu […]

Another Two Historic Churches Explode Into Flames... Authored by Steve Watson via Modernity News, Two more historic churches are gone. Burned to the ground like hundreds more before them. In downtown Grand Rapids, fire tore through a 133-year-old building owned by LaGrave Avenue Christian Reformed Church late Wednesday night. While in Pennington, Alabama, the Ebenezer Baptist Church - a congregation founded in 1850 - was reduced to a total loss in a late-night blaze days earlier. The official language surrounding the causes is already familiar: under investigation, unknown. The buildings are not coming...