New home sales improved again in March. Despite a minor slowdown in existing home sales, analysts are optimistic that the US housing recovery is continuing and that home prices will rise.
The IRS will shut its doors to the public for five days in the coming months due to federal budget cuts. IRS closure dates and other news from around the economy this week.
A bigger-than-expected drop in jobless claims might mean the employment picture isn't as bleak as thought. But retail sales disappointed, and consumer sentiment is still gloomy.
Toyota, Honda, Nissan, and Mazda have issued global recalls of 3.4 million vehicles for faulty airbags that come from a single supplier. The recalled airbags could deploy with too much force, potentially causing fires and endangering passengers.
McDonald's has announced the Egg White Delight, a yolk-free version of the popular Egg McMuffin breakfast sandwich, to hit restaurants nationwide in late April. The Egg White Delight announcement comes as McDonald's tries to distance itself from competitors and reverse its fortunes after a month of slumping sales.