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Surging prices, rates test demand in US housing market

Bloomberg Fear of missing out may persuade Americans with an eye on buying a home to hurry their decision before it gets more expensive. But while demand shows few signs of teetering, jumps in both property values and borrowing costs will test the market’s durability. Home sales are now hovering near expansion highs, though momentum has been kept in check ...

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China’s Xi can make or break any deal between Trump, Kim

Bloomberg Donald Trump and Kim Jong-un will meet next month to negotiate a deal that could avert nuclear war. But the ultimate success of any agreement hinges on someone else: China’s President Xi Jinping. As North Korea’s largest trading partner, China’s enforcement of United Nations sanctions helped bring Kim to the negotiating table while also shielding his regime from Trump’s ...

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Maduro wins Venezuelan election, risks oil sanctions

Bloomberg President Nicolas Maduro won another six-year term as millions of Venezuelans boycotted the widely derided election, a victory that hands him sole ownership of the nation’s crushing economic crisis. Ignoring calls from the US and regional leaders to suspend the elections, the socialist regime proceeded with the presidential contest despite the threat of further isolation and sanctions on the ...

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