Investors snap up growing share of US homes as traditional buyers struggle to afford one

LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers.

Business News Digest

AP Business Digest

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Shares in Asia are mixed amid Trump's new tariff deadlines

Shares were mixed in Asia on Wednesday, following a choppy trading day on Wall Street as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe.

Trump's previous tariff push terrified the world economy. He's betting this time is different

WASHINGTON (AP) — When President Donald Trump last rolled out , financial markets quaked, consumer confidence crashed and his popularity plunged.

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Asian shares are mostly down as Trump’s tariff deadline looms and pressure steps up

MANILA, Philippines (AP) — Asian shares mostly fell Monday as the Trump administration stepped up pressure on trading partners to quickly make new deals , with plans for the United States to start sending letters warning countries that higher tariffs could kick in Aug. 1. Japan’s Nikkei 225 shed 0.5% to 39,628.41 while Hong Kong’s Hang Seng index lost 0.4% to 23,824.18. South Korea’s KOSPI index edged down 0.1% to 3,053.55 while the Shanghai Composite Index slid 0.2% to 3,464.78. Australia's S&P ASX 200 fell 0.3% to 8,576. Oil prices also fell after OPEC+ agreed on Saturday to raise production

What's Driving Anxiety For Investors Under 35

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Asian shares are mixed, tracking Wall Street split as momentum slows and Tesla drops

MANILA, Philippines (AP) — Asian shares were mixed on Wednesday following a similar drift overnight on Wall Street as losses for Tesla and other technology shares put a brake on the momentum of recent record highs.

Asian shares are mostly higher, tracking US rally into record heights

MANILA, Philippines (AP) — Asian shares are mostly higher after U.S. stocks added to their records with the close of a second straight winning month.

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AP Business Digest

Chinese factory activity improves slightly with delay on tariffs, but still lags

BANGKOK (AP) — Chinese factory activity improved somewhat in June after President Donald agreed to on imports from China for 90 days, but overall activity was still contracting, according to a survey released Monday.

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Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this year

NEW YORK (AP) — All the major banks passed the Federal Reserve's annual “stress tests" of the financial system, the central bank said Friday, but the test conducted by the central bank was notably less vigorous than it had been in previous years.

Housing red flag: Data show increase in cancellations of home purchase agreements versus a year ago

LOS ANGELES (AP) — The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they're finalized.

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Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages

The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer's cryptocurrency holdings in their criteria for buying mortgages from banks.

Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.

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Asian shares rally after Trump announces Israeli-Iran ceasefire

BANGKOK (AP) — Stocks rallied Tuesday after U.S. President Donald Trump in the Israel-Iran conflict, although the situation remained unclear as attacks continued.

Business News Digest

AP Business Digest

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Would you hail a 'robotaxi'? Musk bets cabs will give Tesla a lift after boycotts and sales plunge

NEW YORK (AP) — Elon Musk promised in 2019 that driverless Tesla “robotaxis” would be on the road “next year,” but it didn’t happen. A year later, he promised to deliver them the next year, but that didn’t happen either.

Billionaire Mark Walter, set to own controlling stake in Lakers, built fortune in investing

The billionaire the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.

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Asian shares decline after mixed Wall Street finish and tensions simmer in the Middle East

TOKYO (AP) — Asian shares retreated Thursday as worries persisted about conflict in the Middle East.

More employers are sending workers shopping for their own health coverage

A small, growing number of employers are putting decisions entirely in the hands of their workers.

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Asian shares are mixed and oil prices rise as escalating Iran-Israel crisis hits Wall Street

HONG KONG (AP) — Asian shares were mixed and oil prices advanced Wednesday after the escalation of hit Wall Street.

US retail sales fall and Americans turn cautious after spending early this year to beat tariffs

WASHINGTON (AP) — Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President Donald Trump’s sweeping tariffs on nearly all imports.

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Middle East conflict threatens to exacerbate inflationary pressure on some things

Israel's has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households.

JBS shares are expected to begin trading on the NYSE

Brazilian meat giant JBS expects its shares to begin trading Friday on the New York Stock Exchange.

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Asian shares are mixed as markets shrug at latest China-US trade deal

TOKYO (AP) — Asian shares were trading mixed early Thursday after Wall Street’s rally stalled as investors appeared not to react much to the results of the latest round of

Syria's post-war economic recovery will require 'substantial' international support, IMF says

DAMASCUS, Syria (AP) — Syria will need “substantial international" support for its efforts to rehabilitate the economy, meet urgent humanitarian needs, and rebuild essential institutions and infrastructure, the International Monetary Fund said Tuesday.