Economy Jan 24 2024 U.S. home sales fell to the lowest level in nearly 30 years as prices and mortgages soared The National Association of Realtors said Friday that existing U.S. home sales totaled 4.06 million last year, a 0.7% decline from 2023.
Politics Dec 04 Cryptocurrency advocate Paul Atkins is Trump's nominee to chair the Securities and Exchange Commission President-elect Donald Trump says he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission.
Politics Sep 05 Hunter Biden pleads guilty to misdemeanor and felony charges in federal tax case “Enough is enough,” defense attorney Abbe Lowell told the judge before Hunter Biden entered his plea. “Mr. Biden is prepared, because of the public and private interest, to proceed today and finish this.”…
Politics Aug 20 FTC effort to ban noncompete agreements for employees rejected by federal judge in Texas In a ruling Tuesday, U.S. District Judge Ada Brown granted a motion for summary judgement filed by the U.S. Chamber of Commerce and other plaintiffs, and rejected the FTC's own petition for a judgement in its favor.
Economy Jul 24 Weak profit reports from big tech companies send stocks tumbling on Wall Street A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology.
Nation Jul 23 June home sales fell to slowest pace since December amid high mortgage rates, home prices Home sales fell again, but housing prices climbed for the 12th month in a row.
Economy Jun 21 U.S. home sales fall again amid rising mortgage rates and record-high prices Despite the pullback in sales, home prices climbed compared with a year earlier for the 11th month in a row.
Politics Feb 22 Wall Street sees a solid 2024 ahead for homebuilders, though mortgage rates remain a wildcard Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year.
Economy Jan 19 U.S. existing home sales drop to near 30-year low 2023 is the weakest year for home sales since 1995 and the biggest annual decline since 2007, the start of the housing slump of the late 2000s.
Economy Jan 11 Average long-term mortgage rates rise again, reaching their highest level in 4 weeks The latest increase follows a nine-week string of declines at the end of last year that lowered the average rate after it surged in late October to 7.79 percent, the highest level since late 2000.