U.S. New Home Sales Slump as High Mortgage Rates Persist
Sales of new homes fell 13.7% to 623,000 in May amid continued concerns over high mortgage costs.
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U.S. Stocks Mixed as Trump Weighs Next Fed Chair
Stocks were muted, but it won't take much of an uptick to set records. The S&P 500 closed Tuesday within 1% of an all-time high, while the Nasdaq Composite ended 1.3% off a fresh peak.
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China Is Tracking Down Its Rare-Earth Experts-and Taking Away Passports
Beijing has told rare-earth companies to hand over lists of employees with technical expertise, aiming to ensure they don't divulge trade secrets to foreigners.
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U.S. Strikes Set Back Iran Nuclear Program By A Few Months, Initial Report Says
A preliminary classified intelligence report produced by the Defense Intelligence Agency counters the White House's claims of more-extensive damage.
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U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories posted a fifth straight weekly decline, falling by 5.8 million barrels, compared to expectations for a drop of only 1.3 million barrels.
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Stablecoins Fall Short as Cornerstone of Monetary System, Central Banks Say
Crypto assets shouldn't be the mainstay of the future monetary system, a group representing the world's top central banks said.
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BOJ Should Consider Rate Hikes Without Delay, Board Member Tamura Says
The Bank of Japan board member Naoki Tamura said the central bank should consider additional interest-rate hikes without delay, as it could hit its inflation target sooner than expected.
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Australian Inflation Pressures Ease in May; Green Light for Rate Cut
Inflation pressures across the Australian economy continued to abate in May, setting the stage for a third cut in interest rates by the Reserve Bank of Australia next month.
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Gas Prices Are Down for Summer Driving Season Despite Middle East Turmoil
Low energy prices have helped keep inflation in check this year.
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Bond Investors Stay Cool Despite Heated Debate Over Government Borrowing
Tepid inflation, mixed economic data and signs that the Trump administration will limit longer-term debt sales are fueling optimism that this bond-market rally has legs.
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Thai Central Bank Holds Rate Amid Political Turmoil, Global Uncertainty
Thailand's central bank held rates steady, pausing amid renewed political tensions at home and uncertainty abroad.
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Big investors are turning their focus back to U.S. after a run of European outperformance
Attention is turning back to U.S. stocks after a period of underperformance
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A Shrinking Housing Market Means Upheaval for Buyers
Big companies like Compass, Rocket, and Zillow are trying to create one-stop shopping venues for home buyers.
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Trump Is With NATO 'All the Way,' Heralds 'Great Victory' on Increased Defense Spending
The alliance committed to increasing defense spending to 5% of GDP.
(END) Dow Jones Newswires
June 25, 2025 15:00 ET (19:00 GMT)
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