Jul 24, 2024 | Markets
Discount furniture seller bought rival chain just last year Company says it employs about 3,800 people across 15 states Furniture retailer Conn’s Inc. filed for bankruptcy with plans to shut down after trouble integrating a recent acquisition compounded the pain of...
Jul 24, 2024 | Markets
Contract signings eased 0.6% in June to 617,000 annual rate New-home inventory increased to highest level since 2008 Sales of new US homes unexpectedly declined to a seven-month low in June as the mix of stubbornly high mortgage rates and prices deterred prospective...
Jul 23, 2024 | Markets
More sellers are cutting asking prices on listed homes Properties have been lingering on the market for longer US home deals were canceled at the highest rate on record for a June as affordability pressures sidelined potential buyers. Nearly 56,000 home purchases were...
Jul 23, 2024 | Markets
June closings fell to 3.89 million rate, below all estimates Prices hit another record even as supply continued to rise Existing-home sales in the US slumped to one of the slowest paces since 2010 in June, as sellers wait for mortgage rates to fall further and buyers...
Jul 19, 2024 | Markets
Marketing costs expected to jump 15% this year, company says Full-year profit guidance climbs after sale of Accertify American Express Co. said it’s planning to increase spending on marketing even as billings growth on the company’s credit cards slowed in the second...
