New home sales in the US fell 0.2 percent in January to a 481,000 annual pace, according to the Commerce Department. Even with the drop, it was the best January for new home sales since 2008, and the pace of sales remained near post-recession highs.
Home prices posted a 4.5 percent year-over-year increase in December, according to the monthly S&P/Case Shiller index of property values. Housing market affordability has proven a concern for Federal Reserve Chair Janet Yellen, who began a two-day series of testimonies before Congress Tuesday.
Existing home sales fell 4.9 percent to a 4.82 million annualized pace in January, the National Association of Realtors reported Monday. Despite some worrying early results, there are hints that existing home sales could bounce back in the coming months.
Krispy Kreme is apologizing this week for a ‘KKK Wednesday’ promotion planned by one of its franchise owners in Britain. KKK, of course, is most widely known as shorthand for the Ku Klux Klan, but this Krispy Kreme was not organizing a white supremacist rally.
Retail sales in the US fell an unexpected 0.8 percent in January, despite a surging job market and much lower costs for consumers. Experts say Americans may be using that extra cash to save or pay down debt, but retail sales should bounce back in the coming months.
The US economy added a surprising 257,000 jobs in January, but the unemployment rate increased 5.7 percent. The unemployment rate increase is good news, because it means more Americans are upbeat about their job prospects and beginning to look for work.
Chipotle wants to add thousands more stores in the US, and many could be 'mini Chipotles' – much smaller establishments that focus primarily on takeout. If Chipotle goes small, other chains may soon follow.
Super Bowl commercials are hot properties, but eating and watching sports – the two main Super Bowl activities – can reduce viewers' susceptibility to advertising, according to studies. So are companies shelling out millions for Super Bowl airtime really getting their money's worth?
New home sales surged 11.6 percent last month to an annualized pace of 481,000, and consumer confidence blew past expectations in January, according to Tuesday reports. After a lackluster 2014, signs are mounting that 2015 could be a year of huge improvement for the housing market.
Existing home sales rose 2.4 percent in December, but the share of first-time homebuyers remained worryingly low. Even as sales rise, constraints on affordability could prompt fundamental changes in the housing market as a whole.
McDonald's workers from three Virginia restaurants filed a lawsuit Thursday alleging wrongful firings based on race, sexual harassment, and discriminatory treatment by the company’s restaurant owners. But can McDonald's be held responsible?
Red Velvet Oreos will debut for a limited run next month to coincide with the Valentine's Day season. Oreo has a history of tinkering with its classic recipe, but a red velvet variety has potential to be a huge hit.