Number of home sales falling through hits record level
High levels of inventory have put power in the hands of buyers, but economic uncertainties are making them reluctant to close the deal.
Stock Market's Most Unserious Season Is Back and Dorkier Than Before...
SHOPPING: Bezos weighs acquisition of CNBC...
Tesla reports sales miss as auto revenue drops for second straight quarter
Tesla’s second quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.
US existing home sales dip to 9-month low on high costs
Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.High mortgage rates were also fueling the gloom in home sales, he said.
Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year
Billionaire owner of the Los Angeles Times says he will take the newspaper public in the coming year
Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year.
Rent prices are falling fast in America’s most pro-housing cities
Rental prices in some of the country's largest cities are falling—some by almost 45 percent, according to new data.
Trump Job Rating: 38% Approve, 59% Disapprove...
Leading Indicators Show Economic Clouds Gathering...
S&P 500 Signals the US Stock Rally Momentum is Waning
Under the surface of the US stock market’s march to record highs this month, there are signs the rally is running out of gas.
IN-N-OUT billionaire leaving California: 'Doing business not easy here'...
From toys to TVs, return fraud running rampant...
Federal Workforce in DC Area Has Shrunk by About 22,000 People...
Kennedy Aide's Start-Up Can Get You Tax Break on $9,000 Sauna...
Economic warning as more than half-million people could leave US this year
Predicted decline in net migration will have impact that one economist said could "spill over into almost every sector of the economy."
Buffett sets alarm bells ringing on Wall St...
The Worst Performer in Billionaires' Portfolios? Trophy Art...
Netflix Profits Surge 45% Off Higher Subscription Prices
Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45 percent year-over-year as the streaming giant benefited from price increases and a growing advertising business.
US Firms Passing Some Cost Hikes To Consumers: Fed Survey
Many US firms passed along "at least a portion of cost increases" to consumers in recent weeks, as businesses faced higher prices linked to President Donald Trump's tariffs, the Federal Reserve said Wednesday.
Debt Rating Downgrade Shakes US
Moody's had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.
104% Tarrifs on China! How will the economy react?
WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs. S&P 500 companies have lost $5.8 trillion in stock market value since Trump's tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data.
Dollar in trouble according to Morgan Stanley