Economy
U.S. GDP contracts, leading to more worries about the economy
Imports increased 41.3% as businesses and consumers tried to buy before tariffs took effect
Imports increased 41.3% as businesses and consumers tried to buy before tariffs took effect
Consumer expectations for the future cratered to a 13-year low amid tariff worries
A revised economic outlook calls for the economy and home sales to slow, while inflation increases
Cargo shipments from China could be down as much as 60% in May: Bloomberg
Homeowners saw an average profit margin of 50.2%, down 3.2% from the previous quarter
Mortgage activity showed renewed strength, reaching $498 billion last year
Median home prices still managed to pass the $400,000 mark
At the same time, the development pipeline contracted to its lowest point since 2015
The cost of new homes is falling, with median prices down 7.5% from a year ago
The news helped calm Wall Street jitters, but Powell may still be in the hot seat