Sales of new U.S. single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market.

The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers, worried over the impact of tariffs and the economy, pull back on spending.

US new-home sales rose unexpectedly in April to the highest level since February 2022, likely helped by builder incentives aimed at alleviating affordability challenges.

Target sales plunged in the first quarter amid concerns about Trump's tariffs, inflation and backlash to its pull back on DEI

Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.

Spring is typically a busy time for home sales as the weather warms up and families prepare to move before a new school year. But the season has started out sluggish, as would-be buyers face higher mortgage interest rates and elevated prices.

Saudi state oil giant Aramco is exploring potential asset sales to free up funds, two people with knowledge of the matter said, as it pursues an international expansion and weathers lower crude prices.

Allen Media Group has hired four advertising sales veterans of Warner Bros. Discovery amid the continued shakeup in traditional Hollywood.

Key Takeaways Nike is poised to regain market share in the athletic footwear space as sales growth for Deckers Outdoor's Hoka brand has started to slow, Jefferies analysts wrote.The Hoka brand's fiscal fourth-quarter sales rose by 10% year-over-year,