Covid Crisis Drives Historic Drop in Global Trade
Global trade flows collapsed in the spring, marking the largest fall in two decades, as coronavirus lockdowns disrupted air and sea transport and dealt a blow to the demand for many consumer and investment goods.
S&P Edges Higher to Record Close
Investors were cheered by trade talks among senior U.S. and Chinese officials following weeks of escalating tensions between the world's two largest economies.
U.S. Home-Price Growth Held Steady in June
Home-price growth held flat in June, as measured by the S&P CoreLogic Case-Shiller National Home Price Index, as home sales started to rebound following the pandemic-related lockdowns.
Fannie, Freddie to Delay Mortgage Refinance Surcharge Until Dec. 1
Mortgage finance giants Fannie Mae and Freddie Mac will delay a contentious 0.5% surcharge on most refinanced home loans by three months, their regulator said.
Senior U.S., Chinese Officials Say They Are Committed to Phase-One Trade Deal
Senior U.S. and Chinese officials said they were committed to carrying out the phase-one trade accord between the two nations, the two governments said, after the sides discussed the pact on Monday evening.
China's Top Diplomat Begins Europe Tour Aiming to Rekindle Cooling Ties
China's top diplomat began a weeklong tour of Europe seeking to counter growing wariness of Beijing's increasingly assertive foreign policy amid the coronavirus pandemic and worsening relations between Beijing and Washington.
Senate Democrats Say Fed Should Do More on Climate Change, but See Progress
The Federal Reserve is making progress in incorporating climate change risks into its bank oversight activities, but its work is far from done, says a new report from a group of Senate Democrats.
Retail Landlords Offer Pandemic Clauses in New Leases
Retail landlords are including pandemic language in new leases, as tenants seek protection after coronavirus shutdowns in March complicated their negotiations for rent relief.
E-Commerce Warehouses Have Gotten Too Crowded
Tech fever has spread to the once-staid warehousing industry. It is hard to see how European real-estate investment trust Segro can live up to the hype.
The Shakeout in the ETF Industry Is Accelerating
Asset managers have closed more exchange-traded products than they have launched this year, a sign of how market gyrations have accelerated an industry shakeout.