Existing-home sales in April edged up 0.2%, well below economist expectations and extending the housing market’s long slump

Plus, bond yields hit the highest level in more than a year, and tips for buying a good used EV. Source link

It’s a labor market unlike any other: Unemployment has drifted up, layoffs are low, hiring is slow, and the economy needs far fewer new jobs […]

The board of governors voted 3-2 to reduce the overnight interest-rate target by a quarter of a percentage point to 6.5%, a four-year low. Source […]