US Previously Owned Home Sales Fall to an Almost 14-Year Low

NAR report showed a 1% drop in September to 3.84 million pace Number of available homes increased 23% from a year ago US sales of previously owned homes declined to an almost 14-year low in September as prospective buyers waited for a further decline in mortgage rates...

Harris Goes Quiet on Biden’s Push to Tax Unrealized Gains

Candidate distances herself from White House on investor taxes Democratic nominee crafts message to appeal to moderates Vice President Kamala Harris has gone silent on Democrats’ bid to tax unrealized investment gains — casting doubt on how strongly she’d push for a...

Starbucks Falls After Warning That Sales Slump Is Getting Worse

Company reports steepest quarterly sales drop in four years New CEO Niccol says coffee chain needs to change its strategy Starbucks Corp. shares declined after sales plunged for the third consecutive quarter and the company pulled its guidance for 2025, calling...

US Mortgage Activity Gauges Drop to Lowest Levels Since August

Applications for home purchases and refinancing fell last week Mortgage rates have risen in past month, currently at 6.52% US mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge...

Treasuries Plunge Like It’s 1995 as Traders See Soft Landing

Two-year yields have jumped 34 basis points since Fed meeting Resilient economy limits room for rate cuts as election looms The last time US government bonds sold off this much as the Federal Reserve started cutting interest rates, Alan Greenspan was orchestrating a...