U.S. Stocks Drop Amid New Tariff Threats
U.S. stocks dropped as President Trump launched new broadsides in his tariff campaign, threatening to impose a 50% rate on the EU, and warning Apple that foreign-made iPhones could face levies.
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U.S. New Home Sales Rise in April, Defying Economic Uncertainty
Sales of new homes climbed again in April, the Commerce Department reported Friday, as buyers shrugged off concerns about uncertainty over the economic outlook and high mortgage costs.
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Trump Threatens Fresh Tariffs on EU, iPhones and Rival Devices
President Trump fired new salvos in the global trade war, threatening a 50% tariff on imported goods from the European Union and new duties on iPhones and other smartphones made overseas.
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U.S., Iran Aim for Framework to Guide Talks Toward Nuclear Deal
The sticking point to a framework agreement is whether Iran would be allowed to keep enriching uranium.
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Canada Retail Sales Show Resilience in April
An early look at April retail receipts suggests Canadians' spending has largely defied broader worries about the economy, though consumption is expected to continue weakening as the fallout from the trade war with the U.S. builds.
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First-Time Home Buyers Downsize Amid Tight Supply, High Interest Rates
Home buyers are more willing to sacrifice size if it means finding a listing that works within their budget.
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Week Ahead for FX, Bonds: Focus on Trade News, PCE Inflation Data and Fed Minutes
President Trump's threat of hefty tariffs on EU goods will raise further fears about high U.S. inflation and weak economic growth.
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EU to Delay Bank Trading Desk Rules for Second Time
The regulations, which are meant to overhaul how banks manage trading risk, will be delayed until January 2027.
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Bond Market to Washington: We'll Make You Pay
The global savings glut is over and governments have to pay up to borrow; the U.S. situation is especially risky.
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Eurozone Wages Slowed Sharply Ahead of Tariff Blow
Wages rose at a much slower pace during the three months through March even as the unemployment rate remained at a record low, opening the way for further ECB rate cuts.
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Germany Upgrades First-Quarter Growth on Manufacturing Strength Ahead of Tariffs
The economy grew faster than previously reported, as exports and manufacturing jumped on the back of U.S. firms stockpiling goods ahead of Trump's tariffs.
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Rate Cuts May Not Happen as Quickly-or Even at All This Year, Fed's Collins Says
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U.K. Retail Sales Rise for Fourth-Straight Month, Boosted by Warm Weather
Retail sales volumes climbed 1.2% on month in April, higher than expected and the first fourth-straight monthly increase since mid-2020.
(END) Dow Jones Newswires
May 23, 2025 15:00 ET (19:00 GMT)
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