Browsing: News

Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market.Builder sentiment in the market for newly built homes…

Check out the companies making headlines in premarket trading.Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild resigned. The company said board member John…

Home Depot’s sales dropped 2% during its latest quarter as consumers took on fewer major home projects. “We did see continued pressure in certain big-ticket, discretionary…

Tesla has once again cut prices in mainland China, a competitive move that sent shares sliding as much as 3% in Monday morning trading.Shares pared back…

China’s central bank unexpectedly cut rates on Tuesday, as policymakers continued to ramp up support for its struggling economy.Early Tuesday, the People’s Bank of China trimmed the interest rate on…

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here.…

Tesla rolled out cheaper versions of its Model S and Model X vehicles in the U.S. as competition in the electric vehicle space continues to ramp…

A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on…

Wages in the United Kingdom grew 7.8% in the three months to June, the fastest annual rate since records began, the Office for National Statistics said…

Russia’s central bank on Tuesday hiked interest rates by 350 basis points to 12% at an emergency meeting, as Moscow looks to halt a rapid depreciation…