Headlines discussed at LNWM’s Monday morning briefing:

— The U.S. economy shrank in Q1 2015 (-0.7% GDP growth), partly due to the strong dollar.

— Sales of new homes in the U.S. rose 6.8% in April, surpassing expectations.

— China will greatly reduce tariffs on imported goods to boost consumer spending.

— Japan’s retail sales rebounded modestly in April following three months of declines.

— More than 100,000 tax returns were stolen from the IRS website, supposedly by Russian hackers.

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Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.