News Highlights: Top Global Markets News of the Day - Thursday at 3 PM ET
Stock Selloff Accelerates as China Trade War Sinks In
U.S. stocks fell, with the major indexes down 3% or more. Investors are sorting through a global economic outlook that has improved drastically over 24 hours but remains uncertain.
Trump Transforms Tariff War Into High-Stakes Showdown With China
The clash locks the world's two largest economies in an extraordinary conflict without any immediate exits.
EU to Halt Counter-Tariffs After Trump Sets 90-Day Pause
The European Union suspended its planned tariffs on U.S. products after President Trump said he would pause a major part of his administration's tariffs on goods, including from Europe.
Inflation Eased in March, but Tariffs Threaten to Stoke Price Pressures
Consumer prices unexpectedly declined from a month earlier, while a fall in gasoline prices pushed the energy index lower.
Tariffs May Force a Focus on Inflation, Not Jobs, Says Kansas City Fed Chief
Jeffrey Schmid reminded listeners of the inflationary spiral of the 1970s and warned that a further increase in prices could entrench inflation expectations.
Stubbornly High Mortgage Rates Thwart the Crucial Home-Selling Season
Home mortgage rates remained essentially flat during the past tumultuous week for financial markets, dealing another blow to the housing market.
Egg Prices Creep to New Record - But There Are Signs of Relief
The average price of a dozen eggs more than doubled in March from the year before, Thursday's Consumer Price Index release showed, climbing above $6 for the first time.
U.S. Cooperation on Financial Stability No Longer Guaranteed, BOE's Breeden Says
International cooperation is "essential in delivering the resilience of the global financial system," says a top Bank of England official.
Why the Trade War Isn't Over for America's Biggest Banks
As bank-earnings season begins Friday with JPMorgan, investors care more about the outlook than prior results.
U.S. Steel Stock Plunges. Trump Throws Cold Water on Japan Deal (Again).
After authorizing a new national security review for the U.S. Steel-Nippon Steel merger, President Donald Trump said he doesn't want U.S. Steel owned by the Japanese.