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Sales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry.
It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of its greatest runs.
Shares were opening flat on Wall Street Friday. Rising bond yields are dampening enthusiasm about the Federal Reserve’s promise to keep interest rates low.
Severe winter weather in much of the country pushed home construction down a sharp 10.3% in February while applications for new construction fell by 10.8%.
Americans spent less last month, partly due to bad weather in parts of the country that kept shoppers away from stores.
Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January.
GameStop took a step toward a more digital future Monday, naming an activist investor to lead company efforts to push more of its business online.
Joe Biden is enjoying an early presidential honeymoon, with 60% of Americans approving of his job performance thus far and even more backing his handling of the coronavirus pandemic, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Growth in the services sector, where most Americans work, slowed sharply in February with hurdles related to the pandemic hindering growth.
Target will plow $4 billion into its business each year for the next several years to redo its stores, add new ones and speed up delivery as the discounter aims to keep up with increasingly demanding shoppers shaped by the pandemic.
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion.
U.S. manufacturing expanded in February at the fastest pace three years with the arrival of a surge in new orders.
Spending on U.S. construction projects rose 1.7% in January as new home building continues to lift the sector.
RICHMOND, Va. – Virginia lawmakers gave final approval Saturday to a bill that will legalize marijuana for adult recreational use, but not until 2024, when retail sales of the drug would also begin.
Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the pandemic recession.
Volkswagen said Friday it made better than expected profit of $10.7 billion after tax in 2020 despite the pandemic.
The number of Americans who signed contracts to buy homes declined again with the number of properties for sale not matching the surging demand in the U.S.
Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.
Two of the biggest remaining American tire companies are joining forces.