Valuations are still so rich on the "Magnificent Seven" companies that future returns may not be as hearty as in the past — offering a great reminder to investors to stay diversified. "Is the return on investment with some of them really going to play out?" Russell...

January contract closings fell 4.9%, dragged by West and South Despite inventory increasing, home prices are still rising Sales of existing US homes fell last month for the first time since September, as the combination of high mortgage rates and prices sets a grim...

GDP shrank 0.6% in fourth quarter from previous three months Slow growth, cooling inflation factors in central bank easing Mexico’s economy posted the biggest quarterly contraction since 2021, with domestic demand and private investment faltering just as tensions with...

Findings suggest fallout from tax-raising budget is persisting Household spending is the key driver of the British economy British households are more gloomy about the economy than when the UK was emerging from a downturn a year ago, a blow to Chancellor Rachel...

New Defense secretary makes first foray into budget planning Memo doesn’t address future of Pentagon’s costly F-35 program Defense Secretary Pete Hegseth’s plan to reduce projected US military spending by 8% over the next five years would spare southwest border...

Retail demand, pension fund flows start to fade: Rubner Systematic Funds can sell up to $61B over the next month The US stock market can flip into a correction territory as retail and institutional buyers are running out of steam, according to Goldman Sachs Group...

Walmart sees smaller sales gains in the current fiscal year Guidance doesn’t include impact of tariffs, CFO says Walmart Inc. forecast lower-than-expected profit for the full year, signaling that even the world’s largest retailer isn’t immune to risks in the broader...

Treasury secretary notes Fed QT program as one factor Bessent says rejigging US debt sales will be ‘path dependent’ Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given...

Mercor uses AI to help with hiring for employers and workers Felicis, General Catalyst and Menlo backed $100 million deal Artificial intelligence-powered hiring startup Mercor has notched a valuation of $2 billion in a new funding round — a massive markup for the...

President suggests 20% returned, 20% going to cut deficit Musk, Trump push to slash government faces legal challenges President Donald Trump suggested that some savings from his federal cost-cutting effort, overseen by billionaire Elon Musk, could be sent back to US...

Spending shift would affect 8% of US defense spending AI-focused Palantir has become major government contractor Palantir Technologies Inc. shares fell 10% on Wednesday, and continued to slide in after-hours trading, following a report that US Defense Secretary Pete...

BRC says half of consumers expect worsening in economy Household morale has been weakened by Labour’s tax hikes Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit...