US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows

Oil Tumbles After Reported Final Draft Of US-Iran Agreement Reached, But Nuclear Issue Absent Summary AI Arabiya TV obtains what it describes as final draft of US-lran agreement, oil tumbles. Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera. WH says make a deal or else... "they can face a punishment from our military the likes of which has not been seen in modern history." US Intelligence says Iran has reconstitute drone program, defense industrial base, "faster...

Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus. China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032. The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund...

When Paris Went Hungry Under Government Food Controls Authored by Daniel J. Smith via The Daily Economy, How does Paris get fed? Frédéric Bastiat famously explained in Economic Sophisms (1845) how market exchange reliably provisioned the (then) million people of Paris with agricultural produce from the countryside that they were able to enjoy "peaceful slumbers...not disturbed for a single instant...." In stark contrast, Bastiat predicted that there would be "much suffering within the walls of Paris - poverty, despair, perhaps starvation..." if a presumptuous minister decided to replace the market with their...