Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel

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,...

NJ Transit Cuts World Cup Train Fare After Backlash Over $150 Ticket Price After getting roasted over its $150 World Cup train fare, NJ Transit is backing off, lowering the roundtrip ticket to $105 for rides between Penn Station and MetLife Stadium, according to Bloomberg. The agency had defended the original price as necessary to handle massive game-day crowds, with roughly 40,000 extra riders expected per match. That explanation didn’t land well, considering the same trip usually costs about $13. Bloomberg writes that Mikie Sherrill pushed for a cheaper option and told the...