A severe shortage of affordable homes for sale caused a sharp and unexpected drop in January closings. Source
Feb. 21, 2018 1:07 p.m. ET ...
The two-year deal Congress passed pleased "conservatives" because it would boost defense spending in 2018 to $700 billion and in 2019 to $716 billion. This represents a $165 billion increase from the previous cap — and doesn't include the ever-slushy Overseas Contingency Operation funds, which would...
New home construction increased to more than a one-year high in January, boosted by a rebound in the building of single-family housing units, and further gains are likely as building permits soared to their highest level since 2007. Housing starts jumped 9.7 percent to a...
Waste Management CEO Jim Fish on CNBC Friday disputed the narrative that major companies are using most of the new corporate tax cut to buy back stock. Fish cited the trash and recycling giant's plans as case and point, saying the company he leads is giving special bonuses of...
Is the French government under Emmanuel Macron any closer to letting go of Renault, France’s biggest car maker? The signals are mixed, but a move might be worth betting on anyway. Source
Demand for luxury apartments is still strong, but that demand is by choice, not necessity. Tenants in luxury buildings are often renting a second or third home or perhaps downsizing from a larger suburban home. They are not struggling to afford the monthly payments. "In...
Before it goes on another buying spree, Kraft Heinz needs to prove it can grow the brands it has. The company missed analyst expectations on earnings per share and sales in the fourth quarter. Importantly, organic sales fell by 1% in 2017, as...