Economy

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

Retail sales rose more than expected in September as consumers continued to open their wallets and spend, even as they confronted an uptick in inflation.

Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.

The heads of the American Hotel and Lodging Association warned against a planned L.A. ballot initiative that would house homeless people alongside paying customers

Treasury Secretary Janet Yellen says that it's too soon to tell what the impact of Israel's war against the Hamas terror group will have on the global economy.

The economic toll of the United Auto Workers strike against Ford, General Motors and Stellantis continues to grow as the union's month-long strike continues.

Microsoft’s subsidiary social media platform LinkedIn said it was reducing around 668 jobs in the engineering, product, talent and finance teams.

Treasury Secretary Janet Yellen said the U.S. can "absolutely" afford to provide military aid to Ukraine and Israel in their respective wars.

Ford Executive Chair Bill Ford called on the United Auto Workers to make a deal to end the union's strike, saying the work stoppage could cripple the entire U.S. auto industry.

Charles Schwab recorded a smaller-than-expected drop in quarterly profit on Monday as growth in asset management fees softened the blow from a fall in its net interest revenue.