Posts Tagged ‘sales’

US unsuccessful in stopping Iran oil sales: VP

Tasnim – Iranian First Vice-President Eshaq Jahangiri highlighted the futility of US attempts to cut Iran’s oil exports down to zero and said Washington’s plots against the Islamic Republic have gotten nowhere. Speaking at a meeting of a task force on “the Resistance Economy” in Tehran on Monday, Jahangiri praised Oil Minister Bijan Namdar Zanganeh […]

Gun Sales Surge After Democrats Demand Buybacks & Confiscation

Justin Anderson, the marketing director for Hyatt Guns in Charlotte, North Carolina, one of the nation’s largest sellers, said fears of a liberal gun grab and a drive for self-protection are pushing sales higher. “As we’ve seen in the past, the recent publicizing of mass shootings has fueled people’s concerns about their personal safety. We […]

Iran Affirms $15BN Oil Sales Guarantee Could Save Nuclear Deal, Awaits US Decision

Iran’s Fars News Agency has cited a top Iranian official who said that Tehran would return to its nuclear deal commitments only if it receives $15 billion for oil sales by the end of the year.  It appears President Macron’s last ditch effort to create conditions to eventually bring Tehran and Washington back to the nuclear negotiating table by offering Iran a $15 billion […]

EU diplomats support Macron’s plan on Iran oil sales in exchange for several commitments – Reports

Sputnik – France, the UK and Germany have been working to save the 2015 Iran nuclear deal after the US abandoned it last year and Tehran subsequently announced that it would partially suspend some of its obligations related to uranium enrichment. EU diplomats are “getting behind” a proposal initiated by France to provide Tehran with […]

Despite "Super-Low Mortgage Rates", July Pending Home Sales Plunge Back Into Contraction

Breaking the tie between new (down) and existing (up) home sales, pending home sales tumbled 2.5% MoM in July (notably below the expectation of 0.0%) and stumbled back into contraction year-over-year. Source: Bloomberg All regions fell in July: Northeast fell 1.6%; June rose 2.7% Midwest fell 2.5%; June rose 3.3% South fell 2.4%; June rose […]

Existing Home Sales Rise Year-Over-Year, Break 16-Month Losing-Streak

Existing home sales were expected to rebound 2.5% in July after sliding 1.7% in June (while new- and pending-home sales bounced), and hit the number spot on (despite a small upward revision in June to -1.3% MoM. Sales of previously owned U.S. homes increased in July to a five-month high.   And, after 16 straight […]

Wholesale Sales Growth Plunges To Lowest Since 2016

Wholesale Trade sales and inventory data both disappointed in June with the former tumbling for the second month in a row and the latter well below expectations. Wholesale Sales fell for the second straight month (down 0.3% MoM against +0.2% expectation), dragging the YoY change in wholesale sales to its weakest since Trump’s election in […]

Pending Home Sales Jump In June, Break 17-Month Losing Streak

After mixed home sales data (new higher and existing lower), pending home sales were expected to increase by 0.5% MoM but beat handily, rising 2.8% MoM. As Bloomberg notes, contract signings to purchase previously owned U.S. homes rose in June by the most in three months, indicating demand may pick up with the help of […]

Washington greenlights military sales to Pakistan & India, months after air skirmish

The sale to Pakistan will require the deployment of some 60 contractor representatives, who will “provide 24/7 end-use monitoring” for the country’s US-made fleet of fighter jets, the Pentagon’s Defense Security Cooperation Agency (DSCA) said in a statement on Friday. The package will service the Lockheed Martin F-16s delivered to Pakistan as part of the […]

New Home Sales Miss As Mortgage Rate Collapse Fails To Bring Buyers Back

Despite yesterday’s disappointing existing home sales print, new home sales were expected to spike (after dropping for two straight months), and did – thanks to a large downward revision in May. New Home Sales were 646k SAAR in June – missing expectations of 658k. However this 7.0% MoM jump was bigger than expected thanks to […]

Despite Plunging Rates, Existing Home Sales Slow For 16th Straight Month

After May’s surprise rebound, existing home sales were expected to slow in June and dropped more than expected (falling 1.7% MoM against expectations of a modest 0.4%) to 5.27mm SAAR. “Sales refuse to break out higher,” Lawrence Yun, NAR’s chief economist, said at a briefing in Washington. “It doesn’t make economic sense” with job creation, rising […]

House Votes to Block Arms Sales to Saudi Arabia, UAE – Trump May Veto

Yesterday, Congress voted to undo President Trump’s effort to sidestep Congress in order to sell arms to Saudi Arabia and the United Arab Emirates for their illegal war against neighboring Yemen. In May, the Trump Administration announced it would declare emergency authority in order to expedite 22 arms deals worth more than $8 billion to […]

Israeli court dismisses church’s appeal to stop Old City property sales to settler group

In June Israel’s high court rejected an appeal to stop the sale of properties in Jerusalem that the Greek Orthodox church unknowingly signed over to an Israeli settler organization, Ateret Cohanim. Originally sold in 2004, the properties in question are all in the Old City: a residential building in the Muslim Quarter, the Muzamiya House […]

Iran’s FM: US must end arms sales to Saddam’s reincarnations

Iranian Foreign Minister Mohammad Javad Zarif says the US must end its arms sales to despotic regimes in the region instead of complaining about Tehran’s development of its defense capabilities in the face of threats.   In a post on his official Twitter page on Wednesday, Zarif said Iran has no option but to […]

PODCAST: Exposing Israel’s arms sales to oppressive regimes

Attorney Eitay Mack is one of the only people in Israel challenging the secrecy of Israel’s military exports to despotic regimes around the world. Myanmar military representatives at the ISDEF 2019 expo in Tel Aviv on June 4, 2019. (Oren Ziv) Listen here: iTunes/Apple Podcasts | Google Play | Spotify   Israeli human rights lawyer Eitay Mack is working to […]

‘Comical & tragic’ when US officials say arms sales to Saudis are about ‘exporting human rights’

R. Clarke Cooper, the US State Department’s assistant secretary for political-military affairs, was grilled during a hearing at the Senate Foreign Relations Committee on Wednesday. Defending arms sales to Saudi Arabia, he said that the deal itself means more than just selling weapons. “Our policy is not just limited to arms transfers. It is a […]

Export License System Lets ‘Illegal’ Arms Sales to Saudi Arabia Continue

Bombs and missiles will still be exported to Saudi Arabia under a secretive licensing system that means business as usual for defence firms despite a landmark ruling that UK arms sales are illegal. In a judgement on 20 June at London’s Court of Appeal, reported by The Ferret, arms sales to the Saudis were ruled […]

Milk Sales Plummeted By $1.1 Billion In 2018

The Facts: From chemical-ladened sunscreens to bug sprays with DEET, there is plenty to be cautious about before lathering up your kids in the name of protection. Reflect On: What simple changes can you make to protect your family this summer? Summertime should be a carefree time of year as we head out on vacation, […]

UN investigator calls for spy tech sales ban on Riyadh

The UN special rapporteur for extrajudicial killings today called for a moratorium on selling surveillance technology to Saudi Arabia over the murder of journalist Jamal Khashoggi, as reported by Anadolu Agency. The call from UN investigator Agnes Callamard comes after last month’s release of her report on Khashoggi’s death. Khashoggi was killed and dismembered by a […]

Pending Home Sales Contract Year-Over-Year Despite Tumbling Mortgage Rates

With dismal new home sales (weakest since 2018) and a modest rebound in existing home sales (still down YoY for 15 straight months), this morning’s pending home sales data for May was expected to break the tie with a modest 1.0% MoM rise. And on a month-over-month basis, pending home sales surprised to the upside, […]

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