Existing home sales rose 2.4 percent to an annualized pace of 5.17 million in September, according to the National Association of Realtors. In a hopeful sign for the housing market, the existing home sales report showed families are stepping up purchases, while the share of investors is trending downward.
Retirement income isn't adequate in 49 of 50 states, according to a recent survey, adding to a rash of conflicting information about how financially ready (or not) Americans are for their retirement years. So are we in the midst of a retirement crisis? Or is all the hand-wringing overblown?
Retail sales fell 0.3 percent in September, stoking worries about the strength of the economy in the early run-up to the ever-important holiday shopping season. The disappointing retail sales report once again raised questions about American consumers' spending power in the face of stagnant wage growth.
US job openings reached 4.84 million in August, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS). It was the highest number of openings since 2001, the year the government began tracking JOLTS data.
The US economy added 248,000 jobs in September and pushed the unemployment rate down to 5.9 percent in an unexpectedly strong report. But despite steady improvements on the unemployment front, low labor force participation and slow wage growth remain a worry for the economy going forward.
Netflix has signed a deal with comedian Adam Sandler's production company to produce four upcoming films that will bypass movie theaters and premiere exclusively on the streaming service's website. If others follow the lead of Adam Sandler and Netflix, it could mean huge changes for the slumping movie industry.
Home prices across the country’s major cities grew at their slowest pace in nearly two years in July, according Case-Shiller's 10- and 20-city home price indices. But for couples with an improving job market, the home price slowdown could help ramp up home purchases later in the year.
Forbes' annual list of the 400 richest Americans, released Monday, held a combined net worth of $2.29 trillion, up $270 billion from a year ago. Bill Gates topped the Forbes 400 for the 21st straight year, followed by Warren Buffett and Larry Ellison.
The US economy grew at a 4.6 percent annualized pace from April to June of this year, more than economists had previously estimated. It was the fastest growth rate since the fourth quarter of 2011 and further reassurance that the economy has rallied back nicely from an early stumble.
New home sales jumped an unexpected 18 percent in August, the Commerce Department said Wednesday. Coming off the heels of a disappointing report for existing home sales, the robust new home sales report eased fears that the housing market is headed in the wrong direction.
Soda makers Coca Cola, PepsiCo, and the Dr Pepper Snapple Group have pledged to cut the calories consumed from their sugary drink offerings by 20 percent over the next decade. But if falling soda sales and public policy initiatives are any indication, the beverage industry may just be pre-empting soda's inevitable decline.
Retirement planning can be complicated – the wants and needs that need to be accommodated in our retirement years vary from person to person, so it's hard to get sound advice. Still, there are certain myths about retirement that persist. Here are six of the most common, along with helpful tips and tools for taking some of the guesswork out of retirement planning.
Existing home sales fell 1.8 percent as investors and cash buyers pulled away from the housing market. But August's existing home sales data had a silver lining: families are wading back into home ownership, albeit slowly.
The Federal Reserve held steady on interest rates Wednesday, but consumers can go ahead and take steps to prepared for the eventual, inevitable rate hike. As expected, the Fed tapered its monthly bond buying another $15 billion, staying on track to end the program in October.
The Radisson hotel chain suspended its sponsorship of the Minnesota Vikings over the team's decision to let running back Adrian Peterson continue playing despite felony child abuse charges. Sponsors have largely stuck by the NFL in recent weeks, even as public outcry over Peterson, Ray Rice, and others have overtaken the league.