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US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows
US Existing Home Sales Disappoint (Again) In July, Hover Near Record Lows
With mortgage rates rising and the 'low hire, no fire' economy leaving many anxious about their household finances, the ugly spring selling season has not been followed by a consistent rebound in existing home sales in the US.
After falling 1.4% MoM in June (revised up from a 2.4% MoM decline), US existing home sales fell again -1.7% MoM in July (worse than the -1.0% MoM exp). This dragged the annual increase in sales down to just 0.74% YoY...
Overall,...
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Jun 11, 2026 / Tyler Durden
After SpaceX IPO, Jefferies Lays Out Five Takeaways For Space Boom Into 2030s
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Friday’s SpaceX IPO will be a defining moment not only for capital markets but also for the booming space industry and Elon Musk’s broader industrial empire, which has catapulted America to the lead in the space race against Communist China and Russia.
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Next, we...
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According to Oxford Economics, an independent economic advisory firm, in late March the price of the two main fertilizer ingredients, ammonia and urea, spiked 20% and 50% respectively in response to disruptions in the Persian Gulf. Now that Iran has established a blockade and tolling system in the Strait of Hormuz in response to the United States […]
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May 20, 2026 / Tyler Durden
Samsung Union Postpones Massive General Strike, Puts Wage Deal To Vote
Samsung Union Postpones Massive General Strike, Puts Wage Deal To Vote
Summary:
Samsung Union Postpones Massive Strike For Union Vote On Saturday
Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse
Samsung Union Postpones General Strike For Weekend Vote
Late Wednesday night in South Korea, Samsung and its largest union held last-minute negotiations ahead of a massive general strike.
Vice Minister Kwon Chang-jun of the Ministry of Employment and Labor joined the negotiating table between Samsung and its largest union, a move that appears to have led to a breakthrough.
South Korea's national...
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