U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices

U.S. new home sales hit one-and-a-half-year high on lower mortgages, prices
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The third straight monthly increase reported by the Commerce Department on... Read More

Lower mortgage rates, prices lift U.S. new home sales to one-and-a-half-year high

Lower mortgage rates, prices lift U.S. new home sales to one-and-a-half-year high
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The third straight monthly increase reported by the Commerce Department on... Read More

U.S. new home sales rise to near one-and-a-half-year high

U.S. new home sales rise to near one-and-a-half-year high
WASHINGTON, (Reuters) – Sales of new U.S. single-family homes jumped to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo The Commerce Department said on Tuesday new home sales increased 4.5... Read More

Wall Street near flat in quiet session ahead of earnings wave

Wall Street near flat in quiet session ahead of earnings wave
NEW YORK (Reuters) – U.S. stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid Investors were waiting... Read More

Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after it closed as part... Read More

China’s first quarter growth unexpectedly steadies, but too early to call clear recovery

China’s first quarter growth unexpectedly steadies, but too early to call clear recovery
BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. FILE PHOTO: An employee working on the production line of an electronics factory is seen reflected on an equipment, in Jiaxing, Zhejiang province, China April 2,... Read More

Wall Street treads water after mixed earnings; Netflix in focus

Wall Street treads water after mixed earnings; Netflix in focus
(Reuters) – U.S. stocks treaded water on Tuesday, as a surge in healthcare companies fizzled out and ahead of earnings reports from other big names including Netflix. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid Johnson & Johnson pared gains and was up 1.8%, while... Read More