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28.04.26 - 16:48
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US Home Prices Dipped In February For First Time Since June 2025 (ZeroHedge)
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US Home Prices Dipped In February For First Time Since June 2025
For the first time since June 2025, US home prices (in the largest 20 cities) fell in February (by 0.05% MoM) according to the latest (admittedly lagging and smoothed) Case-Shiller data.
The decline comes after prices surged into the turn of year and has now dragged the YoY gain in prices down to just +0.9% - the weakest since July 2023.
The trend is clear across almost every city...
Given the lag in Case-Shiller data, one could argue that prices should be starting to rise here...
But the oddly tight coupling with Fed Reserves suggests the path is lower...
Is this Trump's 'affordability' plan kicking in? Or just lagged rates finally impacting reality.
Tyler Durden
Tue, 04/28/2026 - 09:25...
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28.04.26 - 16:48
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Chaos, Black Rain, Evacuations: Tuapse Oil Facility Struck For Third Time This Month (ZeroHedge)
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Chaos, Black Rain, Evacuations:Â Tuapse Oil Facility Struck For Third Time This Month
Rosneft's sprawling oil refinery in southern port town of Tuapse has been struck by Ukrainian drones once again, unleashing a huge fire and significant destruction, in what marks the third such attack just this month.
"Another serious incident has occurred in Tuapse. A large-scale fire broke out at an oil refinery due to an enemy drone attack," Krasnodar region Governor Veniamin Kondratyev wrote on Telegram, amid large-scale evacuations of the civilian population from the area.
Tuapse disaster in wake of Ukrainian attack, via Wiki Commons
Regional aviation hubs in nearby Krasnodar, Gelendzhik, and Sochi were closed as a result of the blaze which sent a large black smoke plume into the air stretching for at least 100km, regional reports indicate.
"For the safety of residents living near the refinery, evacuations are underway. A temporary accommodation center has been set up at local School No. 6. I urge ...
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28.04.26 - 16:48
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Russian oligarch′s superyacht allowed through strait of Hormuz, source says (The Guardian)
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Billionaire Alexei Mordashov's vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approvalA superyacht owned by the Russian billionaire Alexei Mordashov was able to transit the blockaded strait of Hormuz after undergoing maintenance in Dubai because neither Iran nor the US objected, a source close to Mordashov said on Tuesday.It has been unclear how the multi-deck pleasure vessel, worth more than $500m (£370m), gained permission to sail on Saturday through the commercially important waterway at the heart of the US-Iran conflict, where traffic has been severely restricted since February. Continue reading......
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28.04.26 - 16:48
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UAE quits Opec in win for Trump as oil cartel weakened (The Guardian)
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US president has accused organisation of 'ripping off the rest of the world' by inflating oil pricesBusiness live – latest updatesThe United Arab Emirates has quit the Opec oil cartel in a heavy blow to the group and its de facto leader, Saudi Arabia, amid the global energy shock caused by the Iran war.The stunning loss of the UAE, a longstanding Opec member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of issues from geopolitics to production quotas. Continue reading......
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28.04.26 - 16:46
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USA: Verbrauchervertrauen verbessert sich unerwartet (DPA-AFX)
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WASHINGTON (dpa-AFX) - Die Stimmung der Verbraucher in den USA hat sich im April unerwartet verbessert. Der Konsumindikator sei um 0,6 Punkte auf 92,8 Zähler gestiegen, teilte das Marktforschungsinstitut Conference Board am Dienstag mit. Volkswirte hatten ......
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28.04.26 - 16:42
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US Consumer Confidence Unexpectedly Edges Up (Bloomberg)
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The Conference Board's gauge of US consumer confidence increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)...
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28.04.26 - 16:36
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Tell us: how are you adjusting your household finances as the Iran war pushes up costs? (The Guardian)
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We'd like to hear how you're adapting your expenditure as the cost of living rises amid the conflict in the Middle EastRising prices and economic uncertainty linked to the conflict in the Middle East are putting pressure on household budgets across the UK.The Bank of England has warned that more than a million additional households could face higher mortgage payments in the coming years, as borrowing costs rise and lenders pull or reprice deals. Surveys suggest millions of households are already making changes to cope – cutting back, dipping into savings or taking on debt. Continue reading......
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