A modest reversal from Friday evening’s carnage in crypto markets is underway after some calming trade war-related remarks from both Beijing and Washington. The walk-backs began late Saturday when China’s Ministry of Commerce said its rare-earth export controls are not blanket bans, and that eligible applications will continue to receive licenses. The agency further said it expected those controls to …
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US home sales rose in July as mortgage rates eased
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the National Association of Realtors said Thursday. …
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