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US new home sales jump in March; supply still rising
WASHINGTON, April 23 (Reuters) - Sales of new U.S. single-family homes increased more than expected in March as buyers rushed to take advantage of a decline in mortgage rates, but a gloomy economic outlook poses a challenge to the housing market recovery. New home sales jumped 7.4% to a seasonally a...Reuters
Wed, Apr 23
US crude stocks rise, gasoline and distillate inventories fall - EIA
NEW YORK, April 23 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts&...Reuters
Wed, Apr 23
US Treasury's Bessent urges IMF, World Bank to refocus on core missions
WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate chang...Reuters
Wed, Apr 23
US: How much revenue can tariffs bring? – Standard Chartered
Tariff revenue won't compensate for the fiscal costs of TCJA extensions. Added tariff revenues will be below 1% of GDP – most likely 0.5-0.9% of GDP. Unfunded tax cuts could put further upward pressure on US rates, Standard Chartered's analysts report.Fxstreet
Wed, Apr 23
US Treasury's Bessent calls on IMF, World Bank to refocus on core missions
WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate chang...Reuters
Wed, Apr 23
US business activity moderates in April; firms demand higher prices for their products
Business activity slows to 16-month low in AprilPrices charged for goods and services surge on tariffsTrade policy depressing goods, services exports By Lucia Mutikani WASHINGTON, April 23 (Reuters) - U.S. business activity slowed to a 16-month low in April and prices charged for goods and servic...Reuters
Wed, Apr 23
Vietnam starts trade talks with US as immense 46% tariffs loom, state media reports
HANOI, April 23 (Reuters) - Vietnam's trade minister spoke to U.S. Trade Representative Jamieson Greer by phone on Wednesday, state-run media reported, kicking off trade talks as whopping 46% U.S. tariffs loom, threatening growth in Southeast Asia's industrial hub.The U.S. has paused imposin...Reuters
Wed, Apr 23
Fed's Goolsbee: increase in productivity growth appears to be technology-driven
April 23 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Wednesday said he believes the U.S. economy may be at the start of a technology-driven boom in productivity growth with potentially big implications for workers seeking to move from lower-income to higher-income jobs."...Reuters
Wed, Apr 23
IMF says tariff pressures to push global public debt past pandemic levels
IMF sees global public debt at nearly 100% of GDP by 2030Steeper US tariffs, retaliation could push debt to World War Two levels-IMFDebt growth concentrated in larger economies, trade-dependent countries vulnerable By David Lawder WASHINGTON, April 23 (Reuters) - Economic pressures from steep ...Reuters
Wed, Apr 23
Street View: Capital One's strong earnings show resilient consumer spending
** Capital One Financial COF.N reported a rise in first-quarter profit on Tuesday, helped by a higher income from interest payments on its credit card debt** Shares of the consumer lender up 3.1% at $175.47 in premarket trading** Last week, U.S. banking regulators approved Capital One's $35.3 bl...Reuters
Wed, Apr 23
