Futures & Commodities

Home construction may hit skids as new supply shortage looms

A shortage of a critical part used to build basements in new homes threatens to bring new construction to a standstill, delivering the latest blow to an industry that has been squeezed by rising mortgage rates and a lumber deficiency.

Global stocks drop, oil tumbles on fresh travel bans

Global stocks dropped Monday as a fast-spreading strain of coronavirus emerging from England prompted fresh travel restrictions, dealing another blow to prospects for the global economic recovery.

Gold price flushes below $1,900

Gold prices on Wednesday fell below $1,900 an ounce for the first time in nearly two months amid continued strength in the U.S. dollar.