WSJ What’s News Why More U.S. Companies Are Pulling Back on Hiring
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Aug 21, 2025 U.S. companies are curbing hiring plans amid economic uncertainty, revealing a cautious corporate climate. A surprising uptick in home sales sparks discussion about the housing market, fueled by lower mortgage rates. Meanwhile, a court ruling dismisses a significant fraud penalty against a former president, highlighting deep divisions in legal opinions. As stock prices falter and unemployment claims rise, businesses face tough decisions on workforce expansion. Overall, the landscape is a mix of cautious optimism and pressing challenges.
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Mixed Ruling In Trump Civil Fraud Case
- NY appeals court threw out a $500M penalty but split sharply across three opinions.
- The court still upheld business restrictions and allowed appeal to the state's highest court.
Housing Sales Surprise On Rate Dip And Investors
- U.S. existing-home sales rose 2% in July, surprising economists expecting a decline.
- Lower mortgage rates and investor demand helped the unexpected pickup.
Affordability Keeps Housing Muted
- Housing remains depressed because record-high prices plus still-high mortgage rates limit affordability.
- Increased inventory may temper price gains but won't quickly fix the cost-to-income imbalance.