BLOOMBERG Bloomberg Markets July 7, 2024
president biden is seeking to show u.s. resolve against china but an ill-timed gaffe on taiwan risks undermining his bid to curb beijing's growing influence. whether intentional or not, the president provoked china with a vow to defend taiwan militarily. the white house walked back the remarks saying the president was only promising ukraine-like weapons aid. sales of new u.s. homes plummeted in april by the most in nearly nine years. purchases of new single family homes fell 16.6% to an annualized rate of $591,000. that number fell well short of estimates. buyers have been discourage...