Housing market stalls as homeowners struggle to sell
Sales of existing home fell in March to the slowest pace in six months, the National Association of Realtors said.
Merck absorbs $200 million in tariff costs into its earnings and full-year outlook
Shares of Merck & Co. were headed higher in early Thursday trading, after the drugmaker extended its long streak of quarterly earnings beats and held firm with its full-year outlook despite expected tariff costs.
Jobless claims remain in stable range, as labor market is seen frozen in place
At the start of the year, the labor market was strong. Now there is a lack of churn, one economist says.
The good news is that Nokia is getting more U.S. business. That’s also the bad news.
Telecom equipment maker Nokia is getting more business from a key U.S. client while tariffs are set to hit its profits, the company disclosed on Thursday.
Boeing contracts and tariff ‘front-running’ boosted durable-goods orders. It won’t last.
A flush of Boeing contracts and companies seeking to stock up ahead the Trump tariffs sent orders for U.S. durable goods soaring in March, but the strength is unlikely to last as trade wars begin to bite.