A Stunning Case In The Making? The Supreme Court Orders New York To Respond In Second Amendment Case

Just a day after announcing that the US would charge a 20% security fee for ships transiting the Strait of Hormuz, President Donald Trump reversed his decision under pressure from US allies.  On Monday, Trump asserted that the Strait would remain open to non-Iranian traffic, and the US would protect shipping. “The U.S.A. will be, […]

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis... Overall, new home sales have really gone...