High home prices, faltering supply and weaker consumer confidence in the economy all continue to weigh on the U.S. housing market. The chief economist for the National Association of Realtors, Lawrence Yun, is calling it “a new housing crisis.” Sales of previously owned homes in January dropped a much wider-than-expected 8.4% from December to a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email New data shows a growing financial strain on U.S. households is reflected not only in the divide between rich and poor. There’s also a widening gap in spending growth between higher income and middle income households, reflecting affordability issues impacting millions of…
American Airlines flight attendants’ union plans to hold a picket outside the company’s headquarters on Thursday pushing for new leadership at the carrier, which has lagged rivals Delta Air Lines and United Airlines in profitability and punctuality. Ahead of the picket on Wednesday night, American CEO Robert Isom sought to calm frustrated employees and listed…
Artistgndphotography | E+ | Getty Images With many expecting a bigger tax refund this season, there may be an incentive to file returns sooner. But that doesn’t mean you should rush to send yours. First, you’ll need all the necessary tax forms, or you could risk processing delays — or worse, experts say. Every year,…
HANGZHOU, CHINA – NOVEMBER 11 2025: A deliveryman picks up an order at a Burger King outlet in Hangzhou in east China’s Zhejiang province Tuesday, Nov. 11, 2025. LONG WEI | Feature China | Future Publishing | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped expectations, fueled by strong international growth….
Westminster, South Bank, London, England. Scott E Barbour | The Image Bank | Getty Images The U.K. economy grew a meager 0.1% in the fourth quarter, according to preliminary figures from the Office for National Statistics on Thursday. Economists polled by Reuters expected the economy to have grown 0.2% over the October-December period, following 0.1% growth in the…
Key Points Delinquencies in commercial mortgage-backed securities rose again in January, up 17 basis points from December to 7.47%, according to Trepp. The increase was driven by the beleaguered office sector, which has a lot of distressed properties to work through but is seeing improvements in fundamentals. The rate increase was driven by two exceptionally…
FILE PHOTO: E.W. Scripps Co. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 3, 2016. Michael Nagle | Bloomberg | Getty Images E.W. Scripps is setting into motion what it calls a transformation plan for the broadcast station company —…
Nio cars are seen displayed at Nio House, at the Chinese electric vehicle (EV) maker’s manufacturing hub in Hefei, Anhui province, China April 2, 2025. Florence Lo | Reuters DETROIT — The largest U.S. auto dealer isn’t interested in selling vehicles from China-based brands domestically right now, its CEO said Wednesday. But it’s not necessarily…
The restaurant sector has spent the past 18 months trying to figure out how to reach consumers in a hypercompetitive and uneven economy. McDonald’s has doubled down on value messaging to customers via Extra Value Meals and Snack Wraps, which boosted its sales in the fourth quarter. On Wednesday the company reported better-than-expected sales and…