Low interest rates triggered a 31.3% year-over-year increase in sales of new single-family homes in July, according to the US Census Bureau. Sales hit an annualized 654,000, the biggest total since October 2007. U.S. News […]
The Obama administration is getting ready to launch one final push to persuade Congress to approve the Trans-Pacific Partnership. Although presidential candidates Hillary Clinton and Donald Trump have spoken against the trade deal, there is […]
China’s Xiaomi will rely on social-media marketing in bringing its smartphones to the US “in the near future,” Vice President Hugo Barra told a reporter, saying the US “is a very important market for any […]
Stocks on the top three US indexes took a dive at the open this morning after word came from the president of the Federal Reserve Bank of San Francisco that an interest-rate increase could be […]
The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. […]
The Federal Reserve is again signaling an interest-rate increase. The policy committee might raise rates at a meeting next month, say William Dudley and Dennis Lockhart, presidents of the New York and Atlanta Fed banks, […]
The construction of homes in the US rose to its highest level in five months in July, the Commerce Department said. With inexpensive financing and job creation stimulating sales, residential starts rose 2.1% to an […]
The corporate-bond spread over Treasurys has fallen to 216 basis points, the smallest in more than a year, according to Bank of America’s index of investment-grade and high-yield securities. “We’re seeing significant opportunity in credit […]
Encouraging data on corporate profit, the labor market and oil prices sent the Standard & Poor’s 500 index, the Nasdaq composite and the Dow Jones industrial average to record closing highs Thursday. This is the […]
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