Economy

US homeowners aren't selling and here's why

Demand in the U.S. housing market has hit a three-decade low as most homeowners face multiple financial disincentives for moving, including elevated rates and home prices.

Deutsche Bank to lay off 3,500 employees

Deutsche Bank is cutting about 3,500 back office positions as it seeks to rein in costs even after reporting its highest profit before tax in the last 16 years.