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German Coalition Turmoil Deepens As SPD Co-Leader Bas Quits, Blames CDU "Public Attacks"
German Coalition Turmoil Deepens As SPD Co-Leader Bas Quits, Blames CDU "Public Attacks"
Just when Friedrich Merz gathered his party's top brass to "regroup," the government lost another load-bearing wall.
On Monday, labor minister Bärbel Bas, who was also co-chair of the junior coalition partner SPD, abruptly resigned from both posts. The 58-year-old said she needs time to grieve after the sudden death of her stepdaughter, but she also pointed a finger at "public attacks," including from within the ranks of Merz's own CDU/CSU bloc, which she said continued throughout her...
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Jul 30, 2026 / Tyler Durden
Headline PCE 'Deflates' In June, First Time Since COVID
Headline PCE 'Deflates' In June, First Time Since COVID
After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today.
And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%...
The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...
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Sep 22, 2026 / Tyler Durden
UK's Burnham Approves Military Support To Saudis, Limited To Aerial Refueling
UK's Burnham Approves Military Support To Saudis, Limited To Aerial Refueling
The UK has finally made a formal decision on the intense political and foreign policy question it has faced for the couple weeks since the Houthis started making rapid gains against the Saudi-backed coalition in Yemen.
London has announced it will increase its military support to Saudi Arabia, albeit it has become clear that this will still be very limited. "We're doing it for national security reasons in support of our own national security," Defense Minister Luke Pollard told Sky...
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May 28, 2026 / Tyler Durden
US New Home Sales Tumbled In April As Prices Soared
US New Home Sales Tumbled In April As Prices Soared
With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down
Source: Bloomberg
Overall, new home sales have really gone nowhere for four years...
It seems lower mortgage rates did nothing to help new...
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