economic performance

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census…

The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual…

Text size It’s the tail end of first-quarter earnings season, with mostly retailers left to report this week.…

Text size Zillow says it has 1,300 homes left in its inventory, most of which have sold or are in agreement to be…

Stocks were falling sharply Thursday, a day after a big rally as markets digested the Federal Reserve’s monetary policy decisions. “We shouldn’t have gone up 2% yesterday on the news,” said Tom Essaye, founder of Sevens Report Research.…

With inflation surging higher than anyone expected, Fed Chairman Jerome Powell, has laid out a policy path where the Fed is going to move quickly to get its policy rate up to “to a more neutral level” of interest rates, and maybe higher…

Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked.Some highly indebted European…

Keith McCullough, founder and CEO of Hedgeye Risk Management, has been bullish on gold, silver and utilities since the start of the year, when his investment-research firm’s economic models turned bearish on stocks and bonds.…

Text size A trader at the New York Stock Exchange. Michael M. Santiago/Getty Images…

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from…