Bloomberg Sales of previously owned US homes unexpectedly fell in May for a second month as a lack of inventory and elevated asking prices weighed on demand, National Association of Realtors (NAR) data showed. The drop in sales was led by declines in purchases of single-family homes and cheaper properties, according to NAR, indicating that the market is being driven by ...

President Donald Trump and the Democrats can’t agree on anything, except one big thing: China. After the administration announced plans on June 15 to impose tariffs on $50 billion of Chinese imports, Charles Schumer, the Democrats’ Senate leader, called the decision “on the money.” That was a startling statement on a startling fact: China has few friends left in Washington, ...

While everyone else is watching the World Cup, biotech bankers are keeping busy. This week will bring a bumper crop of baby biopharmas into the market, with seven expected to go public in the US — the most in more than three years, according to data compiled by Bloomberg. The list includes companies working on cutting-edge medical research, from potentially ...