Japan’s Exports Accelerate But Middle East Risks Cloud Outlook
Japan’s exports grew at a faster-than-expected pace in April, as a weak yen and resilient global demand offset the negative […]
Economics
Fed officials all but retired the question that had dominated their debates for the past two years—whether to cut interest rates—and began at their meeting last month to more seriously weigh whether to raise them
The Middle East war and an AI boom have reshaped the interest-rate outlook ahead of a leadership transition at the
In 2022, Los Angeles voters approved a new tax on sales of the city’s most expensive properties. Opponents of the levy say it is making L.A.’s housing shortage worse.
Developers say the levy is making L.A.’s housing shortage worse. The city is considering changes. Source link
European lawmakers reached a provisional deal to remove some import tariffs on U.S. goods, as part of the trade deal signed last summer
Lawmakers reached a provisional deal to remove some import tariffs ahead of a deadline set by Trump that would ramp
U.K. Inflation Slowed in April
Inflation cooled more than anticipated as government measures to reduce household energy bills kicked in, but is expected to pick
New York City’s unionized workers are getting big raises
Hotel housekeepers, commuter rail workers and nurses are among the unionized workers who have notched big wage gains. Source link
UN Lowers Growth Forecasts as Middle East Conflict Extends
The global economy is set for one of its weakest expansions this century as the conflict in the Middle East
Canada Inflation Heats Up to 2.8% in April
The acceleration was due largely to another month of steeper prices for gasoline, though core measures of inflation remain contained.
U.S. Pending Home Sales Rose in April Despite Economic Uncertainty
The number of homes going under contract in the U.S. rose 1.4% in April, according to the National Association of
Eurozone Trade Surplus Narrowed in March
The move likely reflects an increase in the cost of imported energy as the conflict in the Middle East disrupted