People pass the New York Stock Exchange in New York’s Financial District on Oct. 16, 2024. U.S. stocks edged back from their all-time highs Monday as some of the steam came out of Wall Street’s long, record-breaking rally. Crude oil prices rose to regain some of last week’s sharp losses, while U.S. Treasury yields climbed and stock indexes mostly fell …
HONG KONG — Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. AP AUDIO: Stock market today: Most of Wall Street rises after key inflation report, but Big Tech slumps Markets continue moving higher. Wall …
LOS ANGELES — Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. As last year, homebuilders have lowered prices and offered incentives …
New York CNN Business — The housing market could continue to prop up the US economy in 2020 even if concerns about Iran and trade talks with China dampen confidence for American businesses. Three interest rate cuts by the Federal Reserve last year have underpinned some of the housing market’s recent strength as well, said Michael Bapis, a managing director …
