US Deploying Additional Warplanes to Middle East as It Prepares To Escalate Iran War

Existing US Home Sales Plunged In March, Despite Falling Mortgage Rates Affordability-aiding lower mortgage rates battled a sentiment-sapping surge in geopolitical panic in March, with analysts expecting the latter to outweigh the former with a modest 0.7% MoM decline (after January's plunged - weather? - and February's modest rebound). The analysts under-estimated the fear from war-mongering as existing home sales plunged 3.6% MoM (down bigly from an upwardly revised 2.7% MoM jump in Feb). That is the second biggest drop in existing home sales since Nov 2022... Source: Bloomberg That dragged Existing Home...

Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions" Apple is permanently closing three mall-based stores in the coming months: Apple North County in California, Apple Trumbull in Connecticut, and Apple Towson Town Center in Maryland, which is the company's first unionized store. "Following the departure of several retailers and declining conditions at Trumbull Mall, the Shops at North County, and Towson Town Center, we've made the difficult decision to close our stores at these locations," Apple told computer blog AppleInsider in a statement.  Most workers will...

New Disney CEO Delivers Earnings Beat As "Important Change" Underway Disney reported better-than-expected second-quarter results, driven by momentum across entertainment, sports, and experiences, while reaffirming its positive outlook for the year. "At an important moment of change for Disney, we remain focused on executing our long-term growth strategy," Disney wrote at the beginning of the earnings release. The entertainment company continued, "Our creative and operational momentum drove strong quarterly results, and we continue to expect growth to accelerate in the second half of the fiscal year." "We are strengthening streaming through continued investment...