The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise

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The world’s largest shipping firm warns of ‘considerable uncertainties’ as trade tensions rise


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Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute “considerable uncertainties.”

Home sales fell in April despite a big drop in mortgage rates

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Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018.