The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.
WASHINGTON (AP) – A federal judge is considering whether to set aside a Trump administration order pausing construction on a major offshore wind farm for New York, which the developer says could mean the death of a project that’s 60% complete.
HONG KONG (AP) – China’s auto exports surged 21% in 2025, driven by rising shipments of electric vehicles, while domestic demand slowed, an industry association said Wednesday.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – Many Verizon customers encountered a widespread outage on Wednesday, disrupting calling and other cellular services across the U.S. The carrier acknowledged that there was an “issue impacting wireless voice and data services for some customers.” Verizon didn’t specify what was causing the disruptions.
CAÑUELAS, Argentina (AP) – Talks on a landmark free trade deal between the European Union and four South American countries started so long ago that the euro wasn’t even in circulation, China hadn’t yet joined the World Trade Organization and Venezuela was still America’s top oil provider.
FRANKFURT, Germany (AP) – Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges.
NEW YORK (AP) – JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions. The bank earned $13.03 billion, or $4.63 a share.
NEW YORK (AP) – Up until this week, Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. When President Donald Trump signed the One Big Beautiful Bill into law in July, it also cut the budget of the Consumer Financial Protection Bureau, at times the banking industry’s nemesis, by nearly half.
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