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Housing Starts & Permits Plunge In August As Homebuilder Confidence Nears COVID Lows
Housing Starts & Permits Plunge In August As Homebuilder Confidence Nears COVID Lows
On the back of another tumble in homebuilder confidence (though still a long way from homebuyer confidence)...
...building permits were expected to decline in August (while starts were expected to rebound from July's big plunge).
However, both Starts and Permits dropped MoM, dramatically worse than expected (Starts -2.6% MoM vs +6.7% MoM exp, Permits -2.7% MoM vs -1.5% MoM exp)
On a SAAR basis, Starts at back near post-COVID lows while Permits are holding in a four year range...
The details...
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Feb 26, 2026 / Tyler Durden
Biden's FBI Secretly Obtained Kash Patel And Susie Wiles' Phone Records, But NYT Says It's Cool
Biden's FBI Secretly Obtained Kash Patel And Susie Wiles' Phone Records, But NYT Says It's Cool
When Special Counsel Jack Smith was investigating Donald Trump and people in his orbit, he ended up surveilling then-private-citizen Kash Patel, and Trump Chief of Staff Susie Wiles during 2022 and 2003.
Patel, now head of the FBI, told Reuters on Wednesday that he found out about this, and the FBI buried the files in a "Prohibited" category deep within the bureau's computer system so they would be extremely difficult to find.
Getting down to it - the subpoenas targeted metadata...
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Jun 26, 2026 / Tyler Durden
UAE Retracts Warning About "Potential Missle Threat"
UAE Retracts Warning About "Potential Missle Threat"
Update: it appears the earlier warning by the UAE was a false alarm:
UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
UAE ASKS PEOPLE TO IGNORE PREVIOUS WARNING
* * *
Earlier
Is the ceasefire over (again)?
Moments ago stocks hit session lows and oil jumped from post-war lows after the UAE issued a phone alert warning of potential missile strikes.
Iran's Tasnim promptly followed up, saying that according to news sources, there were explosions heard in Dubai.
And while the initial report sent futures to session lows...
... , and oil...
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May 14, 2026 / Tyler Durden
Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
The US Supreme Court ruled late Thursday morning that freight brokers can face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes.
FreightWaves founder Craig Fuller responded to the ruling on X, saying,
OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for 30-50% of all freight brokers.
OMG, this is the most pivotal moment in trucking history since Deregulation.
It could be an extinction event for...
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