New home sales surged 20.7% in March to 1.02 million
WASHINGTON — Sales of new homes surged 20.7% in March, rebounding from the previous month when severe winter storms wreaked havoc in many parts of…
AP Wire
UK sees budget deficit rise to highest rate since 1946
LONDON — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World…
U.S. average mortgage rates under 3% for first time since February
McLEAN, Va. — Mortgage rates fell for the third straight week, dipping below 3% for the first time in two months. Mortgage buyer Freddie Mac…
Jaguar Land Rover halts production because of chip shortage
LONDON — Jaguar Land Rover said today it’s suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global shortage…
Stocks open lower on Wall Street, led by banks and tech
Stocks are slightly lower today, pulled down by banks and technology companies. Investors continue to focus on individual companies as the quarterly earnings reporting season…
Shortage cuts into sales of existing US homes in March
Sales of previously occupied U.S. homes fell for the second consecutive month in March because there are so few on the market, and the fierce…
U.S. airline bailout helps Southwest post $116 million profit
DALLAS — Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started, as federal payroll aid helped boost the…
US jobless claims fall to 547,000, another pandemic low
WASHINGTON — The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further…
ECB leaves interest rates, pandemic stimulus unchanged
FRANKFURT, Germany — The European Central Bank left its key stimulus programs unchanged with almost 900 billion euros of support in the pipeline as the…
Audit: Wisconsin economic agency’s performance improving
MADISON, Wis. — The performance of Wisconsin’s troubled economic development agency improved during the last fiscal year but it must sharpen its oversight of tax…