— The US Treasury Dept. proposed a new process for spotting risky banks and including non-bank financial companies for supervision, after March bank failures.
— US house sales fell 2.2% in March, with the average price down 0.9% ($379,000), as the housing markets continues to show signs of cooling.
— The yield on 3-month Treasury notes hit 5.1%, reflecting concern that the US could default on its debt, since the maximum borrowing limit was hit in January and Congress has not yet taken action.
— The Eurozone economy overall expanded at a faster rate in April, with manufacturing contracting further as services led the expansion.
— Canada proposed rules that would not allow the recycling symbol on plastics unless there are existing regional recycling systems in place to process the plastic.
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