The Era of Low Mortgage Rates Is Over
Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultra-cheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers.
Italian Volatility, Weak Earnings Trip Up European Stocks
Stocks in the U.S. and Europe showed signs of stalling Friday as continued uncertainty around Italian politics and global trade kept risk appetite subdued.
Oil Gains as Market Braces for Iran Sanctions
Oil prices rose, with Brent crude trading close to the $80-a-barrel threshold, in anticipation of renewed U.S. economic sanctions on Iran.
EU Trade Surplus With U.S. Widens
The European Union's trade surplus with the U.S. widened in the first three months of 2018 as U.S. President Donald Trump threatens to impose punitive tariffs on the bloc's steel and aluminum exports in search of better access to its markets.
Japan's Core Inflation Softens in April
Japanese prices rose more slowly in April, showing how the tight job market has yet to build momentum for the Bank of Japan to reach its 2% inflation target.
Trump Offers North Korea's Kim Political Safeguards, but Warns of 'Total Decimation'
President Trump acknowledged new doubts about the fate of his coming meeting with North Korean leader Kim Jong Un, expressing surprise over the uptick in harsh language from Pyongyang while shifting blame to China for the latest uncertainty.
Fed's Mester Calls For Caution on Overhauling Financial Regulations
Cleveland Fed President Loretta Mester sounded a note of caution about efforts to roll back banking regulations put in place after the financial crisis.
When It Comes to Tech, Venture Capital Grows Less Venturesome
More big fundraising deals for a few already-large private tech companies means there's less left for early-stage startups.
Cryptocurrency Firms Explore Getting Bank Licenses
Coinbase and another cryptocurrency firm talked to U.S. regulators about the possibility of obtaining banking licenses, a move that would allow the startups to broaden the types of products they offer.