First Signs Of A Deeply Frozen Housing Market

Trump Admin Sues California To Block Electric Vehicle Mandate Authored by Kimberley Hayek via The Epoch Times, The Justice and Transportation Departments filed a lawsuit against California on Thursday to stop what they say is an illegal electric vehicle (EV) requirement, alleging that the state is mandating fuel economy standards that federal law places in the exclusive domain of the federal government. Attorney General Pamela Bondi and Transportation Secretary Sean P. Duffy announced the lawsuit, which was filed for the National Highway Traffic Safety Administration (NHTSA). The suit takes aim at regulations...

Another Major Russian Refinery Up In Flames As Diesel Nears Historic Highs On Wednesday Ukrainian forces struck a Wildberries facility deep inside of Russian territory for the second time this summer. The warehouse in the central Tambov region city of Kotovsk was first targeted in July, but this time the large complex has been "completely" destroyed in the resulting fire, Governor Yevgeny Pervyshov confirmed. Wildberries plant burns. @exilenova_plus/Telegram The city's mayor, Alexey Plakhotnikov, wrote on social media that "A massive fire at the Wildberries warehouse complex, smoke and smog are quickly spreading throughout the city." He...

'Low Hire, Low Fire, Low Inspire': Claims Hit 57 Year Lows, Sentiment Still Sucks, And Payrolls Are Next Another week, another print showing that American employers still refuse to fire anyone in any meaningful numbers. Initial jobless claims remain parked near multi-decade lows, plunging to 189k this week (after recent weeks in the mid-to-high 190,000s), confirming that the 'low fire' half of the current labor market is intact.  Last week's print is officially the lowest since 1969...And Continuing claims are holding around 1.7 million Americans...Layoffs simply are not happening at scale.That...