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Delistings jumped 47% nationally in May from a year earlier, in a sign that sellers would increasingly rather wait than negotiate, according to the Realtor.com® economic research team's latest monthly housing trends report. Year to date, delistings are up 35% from the same period in 2024. The increase is partly due to the overall expansion in active inventory, which was up 28% in June from a year earlier. Newly listed homes increased 8.8% from a year ago, but remained flat over the past two months.

A new CESifo working paper, blandly titled “Making America Great Again? The Economic Impacts of Liberation Day Tariffs,” lands with all the drama of a footnote—until you read what it actually says. If the U.S. can impose tariffs without sparking retaliation, it can come out ahead. Higher wages. Smaller trade deficit. Slightly lower taxes. A net gain in welfare. That’s not a MAGA slogan. That’s a math-based result. The study, authored by economists from UC Davis, the Norwegian School of Economics, Indiana University, and the University of Milan, builds a global trade model to simulate Trump’s April 2 tariff policy—what...

While Canada may not be affected by Trump's 'Liberation Day' tariff deadline for July 9, the two countries still have to work out the details of their own agreement by July 21.

Financial markets are on edge, but White House officials say they anticipate “a lot of deals very quickly.”President Donald Trump on Monday threatened 25 percent tariffs on imports from Japan and South Korea, the first of what he said would be a series of higher duties unveiled by the White House as it continues negotiating trade deals with dozens of countries. In a pair of letters posted on Truth Social, his social media site, Trump said the United States “has agreed to continue working with” each country despite large trade deficits. “Our relationship has been, unfortunately, far from Reciprocal,” he...

President Trump said nations that support the group’s “Anti-American policies” would face an additional 10 percent tariff. He did not elaborate.President Trump threatened late Sunday to impose an additional tariff on countries that align themselves with the policies of BRICS nations, after the group expressed “serious concerns” over countries imposing unilateral tariffs.“Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,” Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to.The BRICS...

President Trump’s threat to put new tariffs on countries embracing the policies of the Brics group has added fresh uncertainty to global trade and prompted pushback from Moscow and Beijing. Trump posted on social media that countries aligning themselves with “the Anti-American policies of Brics, will be charged an ADDITIONAL 10% Tariff.” -snip- Responding to Trump’s threats, a spokeswoman for China’s Foreign Ministry stated on Monday its oft-repeated line that trade wars and tariff wars have no winners. Brics “does not target any country.” The Kremlin echoed those remarks, saying that Brics “has never been and will never be directed...

The United States will impose 25% blanket tariffs on imports from Japan and South Korea starting Aug. 1, President Donald Trump revealed Monday. Trump, in a pair of Truth Social posts, shared screenshots of letters apparently sent to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung dictating the new tariff rates. The two form letters appear to be the first of what Trump said could be as many as 15 letters sent between Monday and Wednesday, the deadline when his so-called reciprocal tariffs on dozens of countries were scheduled to snap back to the higher levels he...

U.S. President Donald Trump has threatened to impose a 10 percent tariff on any country aligned with the BRICS group of nations, which includes Russia, delivering a potential economic blow to Russian President Vladimir Putin. The bloc—which also consists of Brazil, India, China, South Africa and five other emerging economies—held a summit over the weekend in which it condemned Trump's "indiscriminate" import tariffs and the Israeli-U. S. strikes on Iran. Trump posted on Truth Social late on Sunday that "any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10 percent Tariff," adding: "There will...

What a week he is having! Or month. Or first five and a half months of his presidency. The “he” of whom I speak, is, of course, President Donald J. Trump. Has any president ever had a couple of weeks like the past two for Trump? Has any president ever had such a torrid and impactful start to his term? The border is secure, something many thought impossible a relative blink of an eye ago. The stock market -- S&P 500 and Dow Jones Industrial Average alike -- is at an all-time high. Tariffs have brought in large sums of...

"There will be no exceptions to this policy," the US leader warnedWASHINGTON, July 7. /TASS/. US President Donald Trump has threatened to impose an additional 10% tariff on countries supporting policies being pursued by the BRICS grouping. "Any country aligning themselves with the anti-American policies of BRICS, will be charged an additional 10% tariff. There will be no exceptions to this policy," the US leader warned on his Truth Social media platform. In June, Russian Deputy Foreign Minister Sergey Ryabkov, who also serves as Russia’s BRICS Sherpa, told the TASS Analytical Center in an interview that the developments at BRICS...

With U.S. tariffs on steel, aluminum and light-duty vehicles continuing to batter the Canadian automobile industry, the CEOs of Canada's big three automakers are asking for a break. They met with Prime Minister Mark Carney this week to lobby for the elimination of the Liberal government's zero-emission vehicle (ZEV) mandate. Maintaining it, they say, will cripple their companies and put thousands of jobs at risk. Carney cancelled Canada's digital services tax last weekend to keep trade negotiations going with the U.S. Could the ZEV mandate also be removed to help an auto industry bleeding from the trade war? And what...

Fixed tariffs on Canadian vehicle exports to the United States would be the beginning of the end of auto assembly in Canada, one industry expert warns, as high-stakes Canada-U.S. trade talks lurch toward a July 21 deadline.

Americans have one more reason to celebrate this Fourth of July: getting all the gear needed to host a pool party costs less than it has in years, according to a market research company's preliminary data. The total price to buy beach towels, a beverage cooler, bathing suits and other accoutrements of summer fun averaged $858 in June, the lowest amount for the month since 2020, consumer data provider Numerator said in an analysis prepared for The Associated Press. The finding from the firm's seasonal snapshot comports with broader economic measures indicating that U.S. consumers so far have not seen...

Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Tuesday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets. Among the company’s product lines are a number of well-known kitchen staples, including College Inn broths and Contadina canned tomatoes, as well as its flagship Del Monte brand. “After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create...

Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion. That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2...

Companies in the private sector lost 33,000 jobs in June, payroll processing firm ADP said Wednesday.

President Donald Trump’s track record flies in the face of conventional wisdom from so-called “experts”— but they will be the last to admit it. Since his second inauguration, the “experts” have been relentless in their mission to minimize the Trump administration’s efforts with the economy, immigration, Iran, and beyond. Meanwhile, the stock market has soared. There were ZERO illegal border crossings in May, according to CBP. Iran’s nuclear infrastructure was left severely damaged without the threat of war on the horizon. All this, thanks to the decisive and, at times controversial, actions taken by the Trump administration.

Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have eased monetary policy by now if not for President Donald Trump’s tariff plan. When asked during a panel if the Fed would have lowered rates again this year had Trump not announced his controversial plan to impose higher levies on imported goods earlier this year, Powell said, “I think that’s right.” “In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at...

<p>The first six months of the Trump administration have not been kind to the experts and the degree-holding classes.</p><p>Almost daily during the tariff hysterias of March, we were told by university economists and most of the PhDs employed in investment and finance that the U.S. was headed toward a downward, if not recessionary, spiral.</p>

Stocks rose on Monday as traders closed out a stunning month with even more record highs. Monday marked the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 rose nearly 5% in the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow added about 4% in June.