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August home sales drop more than expected, as prices set a new record

It marks three straight months of sales below the 4 million mark, annualized.
An "Open House" flag in front of a house for sale
An "Open House" flag in front of a house for sale
10h ago

trump Media hits new post-merger low as DJT sale restrictions set to lift

trump, the Republican presidential nominee, owns nearly 57% of DJT’s outstanding shares.
An image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app
An image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app

Led by the South, clean energy sector added more than 150,000 jobs last year

The Inflation Reduction Act has fueled job growth in the clean energy industry, which employs nearly 3.5 million people in the U.S., a new report found.
A workers on the roof of a house
A workers on the roof of a house

Amazon increases average pay for warehouse workers and adds free Prime membership perk

Last week, Amazon also hiked wages for its contracted delivery drivers to roughly $22 an hour as part of a $2.1 billion investment this year.
Amazon Fulfillment Center
Amazon Fulfillment Center

Boeing starts furloughing tens of thousands of employees amid machinist strike

The furloughs will affect tens of thousands of Boeing employees, a company spokesperson said.
Striking Boeing workers picket outside the Boeing Co. manufacturing facility
Striking Boeing workers picket outside the Boeing Co. manufacturing facility

JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns

The move shows how JPMorgan, the biggest American investment bank by revenue, is responding to the latest death on Wall Street.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co.
1d ago

Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power

The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced Tuesday.
Microsoft Chairman and Chief Executive Officer Satya Nadella
Microsoft Chairman and Chief Executive Officer Satya Nadella

Weekly mortgage demand surges 14% as interest rates hit two-year low

The Federal Reserve was expected to make its first interest rate cut in four years Wednesday.
A "sale pending" sign is posted on.a home in Westfield, Ind., Friday, Sept. 25, 2020. Sales of new homes remained steady in October at a seasonally adjusted rate of 999,000 units. While the Commerce Department said October new home sales were down 0.3% from September, the government revised up its September figure marginally.
A "sale pending" sign is posted on.a home in Westfield, Ind., Friday, Sept. 25, 2020. Sales of new homes remained steady in October at a seasonally adjusted rate of 999,000 units. While the Commerce Department said October new home sales were down 0.3% from September, the government revised up its September figure marginally.

ESPN's Adrian Wojnarowski will retire from the company to take a job in college basketball

Wojnarowski will become the general manager of St. Bonaventure’s men’s basketball program, per ESPN.
Adrian Wojnarowski.
Adrian Wojnarowski.
2d ago

Home Depot to pay nearly $2 million to settle suit alleging it overcharged shoppers

A lawsuit brought by prosecutors in six California counties alleged stores sometimes used regular prices for items on sale.
A Home Depot store in San Rafael, Calif.
A Home Depot store in San Rafael, Calif.
2d ago

FDIC announces rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

Enhanced records would help bankruptcy courts determine who is owed what when firms become insolvent.
A person uses her phone to log into computer.
A person uses her phone to log into computer.

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