All posts tagged: unexpectedly

Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater

Housing Starts Surge To Highest Since 2024 As Permits Unexpectedly Crater

With mortgage rates still relatively low, despite a recent jump in interest rates, and a top-down push for affordability, Housing Starts for March soared while the more forward-looking Building Permits disappointed, unexpectedly plunged. Housing starts soared 10.8% MoM in March (far more than the -0.4% expected drop) while Permits plunged 10.8% MoM (and worse than the -0.4% decline expected)… This pushed the SAAR totals for Starts to 1.502 million, far above the 1.390 million expected, and the highest since Dec 2024, but Building Permits fell to their lowest since Aug 2025 Under the hood, Single-Family Starts jumped 9.7%, the most since Feb 2025, and Multi-Family Starts soared 9.6% MoM, while Permits did a mirror image, plunging 23.5% MoM (biggest drop since June 2023) and Single-Family permits plunged 3.8% The lowest mortgage rate since Aug 2022 (aside for the modest Iran war jump) likely helped spark homebuilder appetite to start building, even if it did precisely the reverse with permits.  Overall, the report was a mixed bag overall, and tough to project given the impact of …

How autoimmune conditions can unexpectedly drive mental illness

How autoimmune conditions can unexpectedly drive mental illness

Fifteen years ago, a string of women at a neurological hospital in London all showed signs of the same strange illness. Some were stiff and stuporous, while others were experiencing seizures or issues with movement. But their experiences had all begun with what seemed like textbook episodes of psychosis, complete with agitation, hallucinations and delusions. In the throes of those symptoms, some had gone to emergency departments or psychiatric hospitals. Their early notes read to neuropsychiatrist Thomas Pollak as classic cases of mental ill health. But it turned out that these people actually had a condition called autoimmune encephalitis, inflammation of the brain caused by an assault from the immune system. The fact that an autoimmune condition could produce psychosis shattered the usual divide between psychiatric and neurological illnesses and “kind of blew my mind”, says Pollak. In the years since, Pollak, now at King’s College London, has helped define an emerging field of study, one beginning to show that autoimmune disease plays a larger role in mental illness than conventional wisdom suggests. This link …

European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks

European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks

In an early preview of the coming inflation spike, the euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the ECB will have to raise interest rates. In March, European consumer prices rose 2.5% from a year ago in March – and up a whopping 1.9% from the previous month – to the highest since January 2025. The silver lining: the median estimate was for an even higher 2.6% print.  Yet while headline inflation soared, demand destruction appears to have depressed other purchases, and core inflation, which excludes volatile items like food and energy, unexpectedly slowed to 2.3%, while the closely watched services gauge also eased, Eurostat said Tuesday. Some more details from Goldman: Euro area headline HICP inflation increased by 0.63pp to 2.52%yoy in March, below our tracking and consensus of 2.6%yoy. Core HICP inflation, excluding energy, food, alcohol and tobacco, went down 15bp to 2.26%yoy, broadly in line with our latest tracking estimate but below consensus expectations of 2.4%yoy. The breakdown …

Wonder Man: Unexpectedly brilliant Marvel show gets surprise season 2 renewal

Wonder Man: Unexpectedly brilliant Marvel show gets surprise season 2 renewal

Get the latest entertainment news, reviews and star-studded interviews with our Independent Culture email Get the latest entertainment news with our free Culture newsletter Get the latest entertainment news with our free Culture newsletter One of the year’s most unexpectedly brilliant shows has just been renewed – something viewers are calling a “miracle”. In January, Disney+ released Marvel series Wonder Man, a comedy show following a struggling actor (Yahya Abdul-Mateen II) and his friendship with British thespian Trevor “The Mandarin” Slattery, the Iron Man 3 character played by Ben Kingsley. The satirical series felt unlike anything Marvel had released in years and was acclaimed by viewers. However, the ratings were lower than MCU (Marvel Cinematic Universe) shows tend to receive. Wonder Man amassed streams of 549.6 million minutes in its first 10 days of release, which fell far short of the 731 million-minute streams amassed by Echo in just six days. However, Disney+ has confirmed a second season will happen, with both Abdul-Mateen II and Kingsley set to return. Fans are shocked by the news …

The little-known Ryan Reynolds 2014 crime thriller that unexpectedly topped film charts 12 years later

The little-known Ryan Reynolds 2014 crime thriller that unexpectedly topped film charts 12 years later

The Ryan Reynolds-led thriller The Captive has surprised TV fans after landing in the top 10 most popular films on Netflix despite its initial lukewarm reception back in 2014, when it was first released. The flick, which stars Ryan as a father desperate to find his daughter following her abduction, was directed by Atom Egoyan and panned by some critics for its perceived lack of depth and confusing timeline. The Captive has spent a week at number nine in the streaming giant’s top films, bringing it in line with hits like War Machine, Nuremberg, Jurassic World Rebirth, Trolls and KPop Demon Hunters. The film co-stars Rosario Dawson, Mireille Enos, Kevin Durand and Scott Speedman, and follows an estranged couple eight years after their daughter, Cassandra, was abducted.  © WireImageRyan starred in the film alongside Rosario Dawson and Mireille Enos The Captive earned just $12 million at the box office and was met with a poor reception at the Cannes Film Festival, much to the director’s surprise. “It was actually the worst-reviewed film that I ever …

UK economy unexpectedly flatlined in January, official figures show | Economic growth (GDP)

UK economy unexpectedly flatlined in January, official figures show | Economic growth (GDP)

The UK economy unexpectedly flatlined in January, stoking concerns over growth amid the global energy price shock triggered by the US-Israel war on Iran. Figures from the Office for National Statistics (ONS) showed 0% growth in gross domestic product (GDP), down from an increase of 0.1% in December, as the economy failed to recover from uncertainty surrounding the chancellor Rachel Reeves’s autumn budget. Falling significantly short of City predictions for growth of 0.2%, the figures came as the UK and other countries faced a potentially severe economic hit as the Middle East conflict drove up oil and gas prices, hitting consumers with higher living costs. The pound fell against the US dollar after the figures were released and government borrowing costs rose. In a fresh blow to the government’s growth ambitions after a challenging start to the year, output in the service sector flatlined amid falls in recruitmentactivity and the hospitality sector. Unemployment in the UK has risen to the highest level in five years in recent months, with businesses complaining that employer tax increases …

The U.S. unexpectedly loses 92,000 jobs in January : NPR

The U.S. unexpectedly loses 92,000 jobs in January : NPR

The U.S. economy lost jobs in February, and job gains for December and January were revised downward. A report from the Labor Department on Friday dashed hopes that the job market was stabilizing. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images The U.S. job market turned weaker last month, dashing hopes for an economic rebound. A report from the Labor Department on Friday shows employers cut 92,000 jobs in February, when economists had expected the U.S. would continue adding jobs, albeit at a sluggish pace. The unemployment rate inched up to 4.4%. Job gains for December and January were also revised downward, with December now showing a net loss 17,000 jobs. February’s job losses were widespread, with factories, construction companies and the federal government all shedding workers. Even health care, which has been a source of strength in the job market, lost 28,000 jobs in February — partly as a result of a nurses strike. Policymakers had hoped the job market was stabilizing after anemic hiring in 2025. But February’s job loss suggests …

Q4 GDP Unexpectedly Grows At 1.4%, Half Expected Pace, As Government Shutdown Slams Growth

Q4 GDP Unexpectedly Grows At 1.4%, Half Expected Pace, As Government Shutdown Slams Growth

There was a big surprise at 8:30am ET when the BEA reported the (delayed) GDP print for the last quarter of 2025: With consensus expecting a 2.8% print  (and the Atlanta Fed GDPNow model even higher) which would already be a big drop from the 4.4% in Q3, the BEA instead reported that the US economy grew at just 1.4% in the fourth quarter, the slowest growth since the tariff shock of Q1 2025. According to the BEA, the contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.  Overall, the economy expanded 2.2% last year, data from the Bureau of Economic Analysis showed. Specifically, the Q4 breakdown was as follows: Personal consumption slowed notably, from 2.34% of the bottom line GDP to just 1.58% or more than 100% of the final 1.42% GDP print Fixed Investment contributed to 0.45% of bottom line GDP, up from …

“The real agenda is rejecting science”: FDA unexpectedly nixes new Moderna flu vaccine

“The real agenda is rejecting science”: FDA unexpectedly nixes new Moderna flu vaccine

The U.S. Food and Drug Administration is cancelling development of a new flu vaccine from biotech giant Moderna, with one unnamed senior FDA official calling the clinical trial a “brazen failure.” In a rare move, the FDA refused to consider the mRNA vaccine, which could be more effective at preventing flu infections, per a press release from Moderna. A letter signed by director of the Center for Biologics Evaluation and Research, Dr. Vinay Prasad, said the clinical trial was not “adequate and well-controlled” since it did not compare the vaccine to “the best-available standard of care in the United States at the time of the study.” The issue came down to the study design: control group participants over 65 did not receive the high-dose flu shot; instead, they received a regular flu shot. Moderna CEO Stéphane Bancel said the FDA approved both the study design and the vaccines used. “It should not be controversial to conduct a comprehensive review of a flu vaccine submission that uses an FDA-approved vaccine as a comparator in a study …