ImNotGod
ImNotGod's JournalUS home sales fade in June as prices soar to record levels
Source: AP
LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and the national median sales price rose to an all-time high of $435,300.
Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels.
Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the National Association of Realtors said Wednesday.
Sales were flat compared with June last year. The latest home sales fell short of the 4.01 million pace economists were expecting, according to FactSet.
Read more: https://apnews.com/article/housing-home-sales-real-estate-home-prices-64769d50ce9c16dee9ffb90c01735071
Banskters are profiting bigly off tRumps pump and dump stock market
Eye-popping trading revenues, across the board. Together, Goldman Sachs, JPMorgan, Citigroup, Wells Fargo, and Morgan Stanley hauled in nearly $34 billion in trading revenue this quarter, a 17% jump over the same period last year. Equities and FICC (fixed income, currencies, and commodities) desks up and down the Street have feasted on tariff-induced churn. Goldman alone reported a 36% surge in equities trading revenue and posted earnings per share of $10.91, far above forecasts.
JPMorgan, which kicked off earnings season Tuesday, also blew past expectations with $14.2 billion in profit. Trading revenue hit records in both equities (+15%) and fixed income (+14%), while its consumer division notched a 23% rise in profit — evidence that upper-income Americans, at least, are still spending.
Citigroup joined the parade with its best second-quarter trading haul since 2020. Equities trading rose 6%, while FICC jumped 20%. Even BlackRock got a boost, hitting a record $12.5 trillion in assets under management, though a single $52 billion client withdrawal raised eyebrows – because at some point, it's possible, the tide is going to turn. Blackrock framed the redemption as a single, low-fee, nonrecurring event, but it’s a possible signpost for markets nonetheless.
Perhaps that is why the banks’ CEOs issued rather downbeat warnings alongside their upbeat results. JPMorgan CEO Jamie Dimon flagged “a number of uncertain forces,” including trade instability, geopolitical tension, and elevated asset prices. Goldman’s David Solomon echoed the concern, noting that “developments rarely unfold in a straight line.”
https://qz.com/wall-street-banks-earnings-beat-fees-tariffs
After spending $260 million buying 1,300 acres Michigan loses massive semiconductor plant.
The company planning a massive semiconductor manufacturing center that promised 10,000 jobs near Flint pulled the plug on the deal this week, according to Michigan Gov. Gretchen Whitmer, who blamed the move on “national economic turmoil."
The Sandisk Corporation had been eying the Genesee County megasite — about 1,300 acres so far, funded by $260 million in taxpayer dollars. Michigan was the company’s “preferred destination,” Whitmer said Monday in a statement.
The firm’s decision to drop the $63 billion project followed a years-long effort to assemble the massive property, which the state’s economic developers said was a top site in the nation for such a facility.
Whitmer has made the project a central focus of her second term. In May, she laid out her goal to land a major semiconductor fabrication plant by the end of next year — her last in office.
https://www.bridgemi.com/business-watch/michigan-loses-massive-semiconductor-plant-whitmer-blames-national-economic-turmoil
tRump crime family wants to complete the Russification of US elections
Three Democratic U.S. senators are raising concerns about a searchable citizenship data system developed under the Trump administration, warning that its use could lead to the disenfranchisement of eligible voters.
NPR was the first news outlet to report in detail about the tool, which U.S. Citizenship and Immigration Services (USCIS) says can be used to verify the citizenship of most people listed on state voter rolls if a Social Security number, name and date of birth are provided.
The Department of Homeland Security system links a network of federal immigration databases with Social Security Administration data. That integration means county and state election officials can check the citizenship of not only foreign-born naturalized citizens, but also U.S.-born citizens for the first time.
The Trump administration has been combining and linking government data sets on Americans in unprecedented ways, and there are questions about what the federal government could do with the voter roll data states share.
https://www.npr.org/2025/07/16/nx-s1-5469815/democrats-citizenship-trump-privacy-voting-database
“DOJ hits states with broad requests for voter rolls, election data”
The Trump administration and its allies have launched a multipronged effort to gather data on voters and inspect voting equipment, sparking concern among local and state election officials about federal interference ahead ofthe 2026 midterms.
The most unusual activity is happening in Colorado — a state that then-candidate Donald Trump lost by 11 points — where a well-connected consultant who says he is working with the White House is asking county clerks whether they will allow the federal government or a third party to physically examine their election equipment….
Separately, the Justice Department has taken the unusual step of asking at least nine states for copies of their voter rolls, and at least two have turned them over, according to state officials.
https://electionlawblog.org/?p=150949
Trump wants to expand prior authorization for traditional Medicare through private companies.
Per Rep Mark Pocan threads post: The worst part? Those companies will get a cut for each claim they deny, clearly leading to corporations putting profits over patient care. This is unacceptable.
https://healthcareuncovered.substack.com/p/cms-is-trying-to-expand-prior-authorization
I see a lot of our old school party leaders have broken their silence to wish US a happy 4th
Giving US inspirational antidotes to cheer US up. A little too little, too late I'm afraid.
So rightwing nutjob no talent little ted nugent brought a gun to Michigan's State Capital
and like all fascist pigs he will get away with it I have no doubt.
&pp=0gcJCc4JAYcqIYzvUkrainian President Volodymyr Zelensky was the target of an assassination plot to be carried out by a Polish pensioner
who had first been recruited by the Soviet Union decades ago, the head of the country's internal security agency said.
Lieutenant General Vasyl Malyuk, head of Ukraine's SBU, the main internal security agency of the Ukrainian government, detailed the alleged plot in a closed briefing with Ukrainian media.
Malyuk said the Polish man was activated by Russia with a plan to take out Zelensky at Poland's Rzeszów–Jasionka Airport using either a first-person view drone or a sniper rifle, TSN reported.
The would-be assassin was a firm believer in Soviet ideology, RBC reported, and maintained his beliefs for years. But the plot was foiled by a joint effort between the SBU and the Polish internal security service (ABW).
https://www.newsweek.com/zelensky-assassination-plot-foiled-what-know-2089353
So Fetterman went on Fox GOPTV and said " our party has been often wrong"
"and they were pushing for a ceasefire last year, and now Israel pushed through that and has broken Hamas and Hezbollah as well now, too." So, is he ok with genocide?
“There’s going to be a lot of people in my party who are going to disagree with the strike in Iran,” Fetterman said. “And I actually support that. I’ve always been calling for that thing. I think it was entirely appropriate. And again, there might be votes on that. So for me, that’s not a war. That was a very limited military exercise." So, US bombing another country isn't an act of war?
from a live Guardian feed
https://www.theguardian.com/us-news/live/2025/jun/23/donald-trump-us-politics-maga-iran-israel-latest-news-live?CMP=share_btn_url&page=with%3Ablock-685969078f08c5412c197841#block-685969078f08c5412c197841
18 Dems bend the knee helping tRump pass his GENIUS Act creating a "super highway" for tRump corruption.
Eighteen Democratic senators crossed the aisle to vote for the legislation on Tuesday, siding with the Republican majority in the 53-47 Senate. Republican senators Josh Hawley and Rand Paul were the only members of their party to oppose the measure.
Elizabeth Warren, a Democratic senator from Massachusetts, has been among the most outspoken as the ranking member on the Senate banking committee, warning that the bill creates a “super highway” for Trump corruption. She has also warned that the bill would allow major technology companies, such as Amazon and Meta, to launch their own stablecoins.
The stablecoin legislation still faces several hurdles before reaching the president’s desk. It must clear the narrowly held Republican majority in the House, where lawmakers may try to attach a broader market structure bill – sweeping legislation that could make a second passage through the Senate more difficult. Trump has said he wants stablecoin legislation on his desk before Congress breaks for its August recess, now just under 50 days away.
https://www.theguardian.com/us-news/2025/jun/18/crypto-stablecoins-senate
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Name: LewGender: Male
Hometown: Michigan
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Member since: Tue Feb 28, 2023, 01:42 PM
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