Stocks Surge as U.S., China Agree to Large Tariff Cuts 
 

U.S. stocks surged after the U.S. and China agreed to slash punishingly high tariffs on each other's goods.

 
Surprise U.S.-China Trade Deal Gives Global Economy Reprieve 
 

The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.

 
Drugmakers Spared Worst-Case Drug Pricing Scenario for Now 
 

Executive order says if companies and the government don't align on tying U.S. drug prices to other countries, the administration will impose its own plan.

 
EU Welcomes Progress in U.S.-China Trade Deal 
 

The EU executive is balancing reaching a trade deal of its own with the U.S. and coming up with response to the far-reaching tariffs if those talks fail.

 
China's Property Market Is a Tale of Big Cities. Everywhere Else Is Struggling. 
 

Big cities like Beijing and Shanghai show signs of recovery while smaller regions are dealing with oversupply and weak demand, highlighting China's real estate challenges.

 
The Spring Home Sales Season Is Shaping Up to Be a Dud 
 

Although inventory has been rising, high home prices and mortgage rates are putting off buyers during the prime selling season.

 
How to Think About the Stock Market When Earnings Guidance Becomes Meaningless 
 

The trade war puts profit outlooks by companies on shaky ground, and with them the S&P 500's valuation.

 
Gold Futures Slump on U.S., China Tariff-Cut Agreement 
 

Futures in the precious metal fell 3.75% as the agreement to lower tariffs increased risk-on sentiment in markets.

 
Why JPMorgan says the U.S. lag vs. European stocks is just beginning 
 

U.S. stocks have underperformed their European rivals this year - and strategists at JPMorgan say it's just the start.

 
Tariff Shock Reverberates in the Bond Market 
 

Longer-term Treasury yields have climbed, keeping borrowing costs elevated, even as short-term yields have dropped.

(END) Dow Jones Newswires

May 12, 2025 15:00 ET (19:00 GMT)

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