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• Home affordability may have just hit an inflection point
  Home affordability may have just hit an inflection point, said a top executive at the Mortgage...
  Home affordability may have just hit an inflection point, said a top executive at the Mortgage Bankers Association. Buying a home became slightly cheaper in 47 of 50 states in July. Here are Eddie Seiler's predictions for the rest of 2022 as the housing market shifts.
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• China Sucks Up Malaysian Oil Imports
  China's imports of Malaysian oil have soared to nearly 800,000 barrels per day, according to...
  China's imports of Malaysian oil have soared to nearly 800,000 barrels per day, according to Bloomberg. That's more than what Malaysia actually produces on its own. The waters off Malaysia are known for ship-to-ship transfers that mix crude to hide its origin.
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• Russian Oil Shipments Hit an August High
  Russian oil shipments hit their highest-ever August level, according to the Institute...
  Russian oil shipments hit their highest-ever August level, according to the Institute of International Finance. That suggests the country's energy exports are holding up much better than expected. Greek-owned ships played the biggest role in getting Russia's oil to markets.
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• Stock futures down Thursday morning
  US stock futures fall early Thursday, as the yen touched a 24-year low overnight and...
  US stock futures fall early Thursday, as the yen touched a 24-year low overnight and bitcoin slipped below the $20,000 level. Here are the latest market moves.
  
  On the docket: Lululemon, Broadcom, and Campbell Soup are all reporting.
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• UBS argues, the odds of said recession have increased dramatically this summer.
  The Swiss bank said in a note to clients this week that macroeconomic data points to a 60% chance the US economy will enter a recession in the next 12 months. That's up from 40% at the beginning of the summer.
  
  Three factors are pointing the bank toward this prediction: macro data, the US treasury yield curve, and credit market data. The good news for now is that the bank's models are not pointing to a full recession.
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