Bloomberg Sales of previously owned US homes rebounded in February to fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilising after last year’s slump. Contract closings increased 11.8 percent, the most since 2015, from January’s pace to a 5.51 million annual rate, the ...

When General Motors idled its auto plant in Lordstown, Ohio, this month, President Trump adopted a familiar strategy: He issued a nasty string of tweets blaming other people and promised, in effect, that he would restore the past. Trump’s angry, backward-looking approach may still appeal to some Rust Belt voters. But in the Ohio and Pennsylvania towns that helped win ...

The banking industry hasn’t given Italy many reasons to celebrate. The country has stumbled from crisis to crisis, as it fought a rearguard action against the EU’s rules for handling failing lenders. The EU judges gave Rome a rare moment of joy. The bloc’s general court, its second-highest tribunal, ruled that the 2014 rescue of Banca Tercas SpA by the ...