News

World shares advance, led by 6% jump in Tokyo as markets calm somewhat after Trump's tariff shocks

World shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets calmed somewhat after the shocks from President Donald Trump ’s tariff hikes. The modest rebound for most markets followed a wild day on Wall Street, where stocks careened after Trump threatened to crank his double-digit tariffs higher. Early Tuesday, China's Commerce Ministry said it would “fight to the end” and take unspecified countermeasures against the United States after Trump threatened another 50% tariff on Chinese imports.

Resi stocks continue to tumble as recession fears loom

Donald Trump (Getty)Residential real estate stocks continued to fall Monday on the heels of President Donald Trump’s continued commitment to widespread tariffs. Compass and brokerage holding firm Anywhere Real Estate each lost another roughly 2 percent off their open prices, while Douglas Elliman’s stock fell 4.8 percent and Re/Max fell over 5 percent. Redfin, which has agreed to sell to […]This article originally appeared on The Real Deal. Click here to read the full story.