Industry took advantage of second-warmest period on record ​Gains helped by home improvements, boosting employment If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company. Americans’ spending on residential construction projects — from...
Naysayers point to decline that followed steep climb in 2013 Dot-com bubble and tulip craze show past market corrections Bitcoin’s astronomical rally has cryptocurrency bulls feeling vindicated. Not so fast, skeptics say. The digital currency’s more than 100 percent surge in...
ANZ Group Asia research head warns of negative feedback loop Move to particularly hurt airlines, shipping companies The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks as overseas...
Costs up more than 20% in three states that have posted rates Doubts about mandate raise premiums, health insurers say Health insurers are asking for sharp increases in the cost of their Obamacare plans next year, thanks to instability in...
U.S. auto sales trailed estimates, with Kia Motors Corp. and Ford Motor Co. reporting some of the biggest declines, as heavy incentive spending failed to contain plunging demand for sedan and compact models. Carmakers’ shares fell. Combined deliveries for Kia...
The housing market has held up remarkably well, but rising mortgage rates and a limited inventory of existing homes are likely to test its resiliency over the coming months. Reports this week on new and existing home sales will provide...
House Republicans unveiled on Monday their long-awaited plan to repeal and replace the Affordable Care Act, scrapping the mandate for most Americans to have health insurance in favor of a new system of tax credits to induce people to buy insurance on...
Retail more bullish than institutional money: JPMorgan Chase ​Rise in passive investing may explain end-of-day trading surge You can thank the little guy for Dow 20,000. That’s the takeaway from data tracking money flows into and out of stocks, according...
Foreign ministers present united front on Trump’s overhaul ​U.S. president prefers to make bilateral deals on trade The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with Donald Trump’s administration, stressing the North...
Japan’s portfolio decreased for a fifth consecutive month ​Treasury data show Japan as top U.S. foreign creditor in 2016 China’s holdings of U.S. Treasuries declined by the most on record last year, as the world’s second-largest economy dipped into its...
U.S. oil producers sent a record 7 million barrels of crude out into the world market last week, at a time when OPEC members have cut back on their own output by nearly the same amount. Analysts say it makes sense that...
How to find the cheapest tax prep software that’s right for you. Every January, it starts again. TurboTax battles H&R Block for dominance in tax preparation, while smaller players fight over the rest of the market. Despite the fierce competition, your...
Greenback’s rise caused by anticipation of fiscal boost Appreciation will harm economy if Trump can’t deliver The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect...
Measure of Americans’ expectations surges to a 13-year high More households expect better economy, labor market in 2017 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at...
Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest. The engine of capitalism is struggling to create the abundance that was once...
