"Delayed Revenue, Delayed Cash Flow": Morgan Stanley Warns Oracle Data Center Delays Could Crush Its Debt

The US is deploying a third aircraft carrier to the Middle East for operations against Iran, US officials told media outlets on Tuesday, a sign that the war will continue to escalate despite President Trump’s claims that he is looking to end the conflict. The aircraft carrier USS George H.W. Bush and other warships that […]

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...

US Limits Its Air Defense Coverage For Tankers Sailing Through Hormuz: Report Via The Cradle The US military has reduced the daily window in which it offers air defense to commercial ships transiting the Strait of Hormuz, the Financial Times (FT) reports on Saturday. Since May, Washington has sought to break Iran's control of Hormuz by providing air defense for vessels sailing through the strategic strait along a southern route hugging the coast of Oman. Image source: US Air Force Iran imposed a blockade on the strait shortly after the US and Israel launched an...