Existing Home Sales Hover Near Record Lows As Affordability Gap Widens

Iran's World Cup Squad Belatedly Granted US Visas But Some Staff Blocked Via Middle East Eye Members of Iran's World Cup 2026 administrative staff have not been given visas to enter the United States, Iranian media reported on Saturday. According to US officials, while Iranian footballers have been granted visas for the tournament, which begins on Thursday in Mexico, some support staff are reportedly not being allowed to join the squad. via Reuters On Friday, a White House official told Reuters that the players had received their visas, after Iran's ambassador to Mexico, Abolfazl Pasandideh, said on Thursday that...

Did Bessent Call In Favor? Stellar 10Y Auction Prices At Highest Yield Since 2000 On Near Record Foreign Demand After yesterday's ugly, it stopping through, auction, bond markets were on edge ahead of today's $39 billion reopening of benchmark 10 Year paper: an ugly auction could well send yields to new multi-decade highs (if not vice versa).  Well, at 1pm we got the results of today's 10Y auction (technically 9 Year, 10 Month reopening) and... they were surprisingly strong.  Starting at the top: the auction stopped at a high yield of exactly...

Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration. Revenue soared 24% from one year ago to $20.54 billion, exceeding the $19.01 billion Bloomberg consensus estimate. Machinery, power and energy revenue climbed 25% to $19.58 billion, while operating income surged 51% to $4.21 billion, well...