U.S. mortgage applications fell for a fourth straight week, reflecting the inability of many homeowners to take advantage of record low interest rates, data from an industry group showed on Wednesday.
Fannie Mae, the largest provider of funding for U.S. home mortgages, on Wednesday said its mortgage investment portfolio shrank in August, while delinquencies on loans it guarantees slowed significantly in the month prior.
Air conditioning not only keeps you cool during the summer heat, it may also keep you alive.
Lennar Corp, the third-biggest homebuilder in the United States, reported a higher-than-expected quarterly profit and a decline in orders that was less severe than Wall Street had feared.
Guests at a recent recording of the Oprah Winfrey show were in for a surprise when the chat show queen announced that she was flying them all down to Australia to can two shows from the final season of her talk show.
The U.S. Food and Drug Administration sent warnings to five makers of electronic cigarettes for marketing them illegally as stop-smoking aids and said on Thursday it intends to regulate the products as drugs.
Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.
Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
The U.S. Commerce Department decided on Tuesday not to investigate whether China subsidizes exports to the United States by undervaluing its currency, prompting renewed calls for Congress to act on the issue.
The U.S. Commerce Department said on Tuesday it did not have sufficient legal grounds to investigate if China's currency practices effectively subsidize its exports in separate trade cases brought by U.S. aluminum and paper producers.
Ireland should consider shutting down nationalised Anglo Irish Bank over a period of about five years, the Green Party, the smaller member in the governing coalition said on Monday.
U.S. economic growth slowed more sharply than initially thought in the second quarter, held back by the largest increase in imports in 26 years.
U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.
U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.
The euro edged lower on Monday, hurt by concerns over the euro zone economy and prospects of loose monetary policy until year-end, leading investors to bet against the single currency.
Currency speculators extended euro short positions in the week ended Aug. 17, the Commodity Futures Trading Commission said on Friday, as focus shifted back to the euro zone and away from the U.S. economy.
U.S. stocks closed out their worst week in six with a whimper on Friday, slumping toward the close as economic data gave little reason to reverse a string of sell-offs.
Stock index futures fell on Friday as investors awaited consumer sentiment and retail sales data to get a better reading on the state of the fragile economic recovery.
General Motors Co Chief Executive Ed Whitacre resigned on Thursday in an abrupt shift that came as the automaker hit the homestretch in preparing a stock offering to pay back its controversial bailout.
General Motors Co Chief Executive Ed Whitacre resigned suddenly on Thursday as the automaker posted its biggest quarterly profit in six years and readied an IPO expected to allow the U.S. government to relinquish its majority stake.
Stocks fell for a third straight day on Thursday as a discouraging report on jobless claims underlined the lack of progress in turning around the anemic labor market.
General Motors Co posted its biggest quarterly profit in six years on Thursday and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake.
Euro zone industrial production declined in June, with output in France and Germany falling sharply, but a strong showing over the second quarter as a whole suggests Friday's GDP data for the bloc will be robust.
