Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
Read More US consumer spending solid in July; inflation rises moderately
Category: Business
US pending home sales tumble to record low in July
Contracts to buy previously owned homes dropped to a record low in July as higher prices and borrowing costs drove potential buyers from the market.
Read More US pending home sales tumble to record low in July
Warren Buffett offloads Bank of America shares worth $982 million in latest sale
Billionaire Warren Buffett’s Berkshire Hathaway has sold some more shares of Bank of America over the past few days, raking in $981.9 million.
Read More Warren Buffett offloads Bank of America shares worth $982 million in latest sale
US house prices fall on monthly basis in June
House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday.
Read More US house prices fall on monthly basis in June
US FTC’s bid to block Kroger-Albertsons merger heads to trial
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Read More US FTC’s bid to block Kroger-Albertsons merger heads to trial
Fed’s Powell says ‘time has come’ to lower interest rates
Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
Read More Fed’s Powell says ‘time has come’ to lower interest rates