The NAHB/Wells Fargo Housing Market Index fell to 34 in April due to rising materials prices, elevated interest rates and increased economic uncertainty.
The IMF said the U.S. and China are set to drive a sharp rise in government debt over the remainder of this decade, while a prolonged conflict in the Middle East could see an even larger buildup.
The European parliament struck a deal late Monday to cut the amount of tariff-free steel imports to 18.3 million metric tons a year and raise tariffs on imports above that quota to 50%.
Canadian Prime Minister Mark Carney cemented his hold on power after electoral victories Monday night and defections to his Liberal Party caucus over the past six months.
Singapore’s central bank tightened monetary policy settings for the first time in over three years as it braces for the economic fallout from the war in the Middle East.
An unusual divergence between GDP and new jobs shows worker productivity is making up for a slowdown in immigration and the labor force. Artificial intelligence could help.