Finance

U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. The National Association of Realtors said Tuesday that homes were sold last month at a seasonally adjusted annualized rate of 5.27 million units. Sales have shriveled 2.2% over the past 12 months, despite such positive […]

Four months after the country’s largest auto dealership chain named a new chief executive to replace its longtime CEO, it’s making another change at the top. Chief Financial Officer Cheryl Miller is the new CEO at AutoNation, replacing Carl Liebert, who came to the company from the USAA financial services firm in March. Executive Chairman

U.S. stocks moved higher in morning trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. Corporate earnings are now in full swing after last week’s relatively light load of mixed results. Nearly 150 companies in the S&P 500 will report their financial results through Friday. Analysts are expecting this round

Coca-Cola upped its revenue expectations for the year as new lines of healthier drinks and coffees win over fans. The world’s largest drink company posted second quarter earnings of $2.61 billion, or 61 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share, which is a penny better than expected, according

Asian stock markets rose Tuesday on optimism over possible new U.S.-China talks despite concerns about rising Middle East tensions. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all climbed. Traders were encouraged by U.S. Treasury Secretary Steven Mnuchin’s suggestion last week that trade envoys might meet in person following two rounds of phone conversations. Mnuchin

SAN JUAN (Reuters) ― Hundreds of thousands of people filled San Juan streets on Monday to demand that Puerto Rico Governor Ricardo Rosselló resign over offensive chat messages, the latest scandal to hit a bankrupt island struggling to recover from deadly 2017 hurricanes. Rosselló’s announcement on Sunday that he would not seek re-election next year and would step

U.S. stocks moved higher in early trading Monday on Wall Street as investors snapped up technology stocks. The opening gains follow a decline last week that pulled the market further away from record highs set one week ago. Investors have been assessing corporate financial results to get a better picture of the economy’s health. So

Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Prices of the 25 companies listed on the Shanghai Stock Exchange’s STAR Market more than doubled, with one company, Anji Microelectronics Technology (Shanghai) Co., Ltd., logging a 415% advance. Regulators

A look at some of the key business events and economic indicators upcoming this week: Flat Coke Wall Street expects Coca-Cola will report that its earnings stagnated in the second quarter while its revenue grew. Analysts surveyed by FactSet estimate that the Atlanta-based maker of Coke, Sprite, Minute Maid and other beverages made 61 cents

Asian shares were mostly lower Monday after Wall Street ended last week lower as investors continue to watch for what may be in store for U.S. interest rates. Japan’s Nikkei 225 slipped 0.2% in early trading to 21,415.51. Australia’s S&P/ASX 200 was little changed but a tad lower at 6,699.70 in morning trading. South Korea’s