Prices of existing homes in the U.S. posted their biggest year-over-year decline in more than 11 years last month. https://ift.tt/RyewVfE

V Pappas, TikTok’s chief operating officer and top U.S.-based executive, is leaving the company, setting up a leadership transition at a pivotal time in its most important market. https://ift.tt/gvMQ8Y4

The Bank of England raised its key interest rate by half a percentage point as it seeks to curb the highest inflation rate in the Group of Seven wealthy countries. https://ift.tt/tv2DJdA

A Ford joint venture is set to get a record $9.2 billion loan from the Energy Department to finance battery plants in Tennessee and Kentucky critical for the auto maker’s EV push. https://ift.tt/q0fJ7Bi

A federal judge began hearing arguments in the FTC’s lawsuit seeking to block Microsoft’s proposed deal to acquire Activision. https://ift.tt/4HpnUeD

3M Settles ‘Forever Chemicals’ Litigation for Up to $12.5 Billion https://ift.tt/LNvHphj

Black People Are Departing Cities in North https://ift.tt/j5aUHbc

Corrections & Amplifications https://ift.tt/pK5O13F

NRG Energy Promises Greater Investor Returns https://ift.tt/XQlAD1d

JPY Strengthens on Prospect of Verbal Intervention https://ift.tt/zUIafOM