Israeli Attacks in Gaza Kill 8-Year-Old and 18-Month-Old as IDF Continues Constant Ceasefire Violations

Red Sea Blockage Fears: Cargo Ship Attacked Off Southwest Yemen A Red Sea disruption would be terrible timing for global shipping and energy markets, coming just as vessel traffic through the Strait of Hormuz has started to normalize in recent weeks. An overnight report that a cargo ship was attacked by "armed assailants" in the southern Red Sea off Yemen is a reminder that the region's maritime-risk premium has not totally disappeared; it has simply shifted chokepoints. "UKMTO has received a report of an incident 30NM southwest of Al Hudaydah, Yemen. A...

Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump US Housing Starts exploded higher by 19% MoM in June, dramatically more than the already large 11.2% MoM expectation and rebounding from the prior two ugly monthly declines. This was the biggest monthly increase in Starts since May 2023. On the other side, the more forward-looking Building Permits declined for a second straight month... This shouldn't be a total surprise after yesterday's decline in builder sentiment (confidence among US homebuilders dropped for a second month to the lowest level of...

Israeli Defense Minister Israel Katz said on Wednesday that the US hasn’t asked Israel to withdraw its troops from southern Lebanon despite Iran maintaining that a withdrawal is necessary to implement the US-Iran Memorandum of Understanding, which calls for an end to Israel’s war. “We have announced that in any case we are not withdrawing […]