Finance

U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market. The Commerce Department says that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales have risen a healthy 6.4%. Much of August’s […]

The weakening economy has made Kim Hawkins’ bridal customers hesitant about splurging, even for their big day. “They’re getting some of the more simple centerpieces, like glass vases or candles rather than the more extravagant centerpieces,” says Hawkins, owner of Events Wholesale, a Watkinsville, Georgia-based company that sells decorative items for weddings, parties and other

Asian stock markets were flat to lower Thursday after President Donald Trump suggested a costly tariff war with China could be resolved soon. Markets in Japan, South Korea and Hong Kong rose in early trading but gave up their gains by midday. Shanghai declined as traders took profits ahead of a weeklong holiday. U.S. stocks

China’s government is releasing more pork from stockpiles to help cool surging prices ahead of celebrations of the Communist Party’s 70th anniversary in power. The government said Thursday it will auction off 10,000 tons of pork, the country’s staple meat. It was the second release in two weeks following a similar announcement Sept. 18. The

The weakening economy has made Kim Hawkins’ bridal customers hesitant about splurging, even for their big day. “They’re getting some of the more simple centerpieces, like glass vases or candles rather than the more extravagant centerpieces,” says Hawkins, owner of Events Wholesale, a Watkinsville, Georgia-based company that sells decorative items for weddings, parties and other

The fourth quarter is the most crucial time of the year for many retailers, who hope to make a significant portion of their revenue and profits during the three months that include the holiday season. A look at some of the factors that are likely to affect shopping in the coming quarter: — Consumers are

Millennials are a burned-out bunch. Millennial workers are more likely than older generations to report being burned out at work, according to a 2018 Gallup study. The gig economy, the temptations of social media and the high expectations millennials have of themselves contribute to this trend, behavioral finance experts say. Add to that record student

A Chicago law firm says it has settled lawsuits against Boeing on behalf of the families of 11 passengers killed in the crash of a Lion Air jet off the coast of Indonesia. It’s believed to be the first settlement in the nearly 100 lawsuits filed against Boeing after the October 2018 accident and another

For Americans watching the Thomas Cook meltdown that left hundreds of thousands of tourists stranded overseas, the biggest surprise may have been the efforts taken by the British government to bring its travelers home. Within a day of the announcement by the British tour and airline operator that it was shutting down, Britain’s Civil Aviation

U.S. stocks rebounded from an early slide Wednesday afternoon after encouraging housing data and remarks by President Donald Trump indicating a trade deal with China could happen soon put investors in a buying mood. Strong gains from technology companies and banks helped brush off the market’s downbeat start as traders continued to weigh the implications