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...

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...

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...

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...

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...

ADRs fall in New York, dragging rival Estee Lauder lower Unit that includes CeraVe disappointed on lack of launches L’Oreal SA posted disappointing sales last quarter as the beauty company suffers from worsening consumer demand in China. Like-for-like sales in North...

Much of those offshore holdings are uninsured, SEC chair says Artificial intelligence may also pose stability risk, he says Wall Street’s top cop is sounding an alarm about the eurodollar market’s potential to foment instability in global economies, and he renewed...

Firms differ over the long-term outlook for US equity returns Corporations are ‘very good at growing margins:’ JPM’s Kelly Strategists at two of Wall Street’s biggest banks have reached diverging conclusions about where the US stock market is heading in the years...

Property taxes, tips, interest payments are excluded from CPI Some items ‘can’t realistically be priced,’ BLS economist says Price pressures have eased substantially over the past two years, but a disconnect remains between what US inflation data show and what...

Deficit exceeds 6% of GDP for a second straight year Debt interest costs, Social Security, defense spending climb The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social...

Israel’s killing of Hamas leader sees traders flock to safety Investors are repositioning portfolios ahead of US election Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt...

Stock down 7.5% since unveiling of self-driving taxi last week Event was long on vision, short on revenue drivers: Bernstein Tesla Inc.’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also...

China and the Middle East dragged on performance, CFO says Company maintained its sales outlook for current fiscal year Procter & Gamble Co. posted a second straight quarter of sluggish sales growth, dragged down by minimal price increases and weakness in key...

Unions stage protest in Rome over declining production Stellantis has been shuttering plants due to poor demand Italy’s car industry faces an existential threat if manufacturers led by Stellantis NV don’t reverse a trend of declining production in the country,...