Home renovation demand posts weakest quarter since 2024

U.S. pending home sales increased by 1.3% compared to the previous week, reaching their highest point since early May during the four-week period ending on July 5. This information is derived from a recent report by Redfin, a real estate brokerage affiliated with Rocket. The data has been seasonally adjusted. The rise in homebuying demand…

RBNZ chief says rate settings still accommodative despite hikes !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

With America’s debt mounting and oil prices on the rise again, the bond market has been gripped by a sell-off this week. Market jitters were first triggered last week, following Scott Bessent’s plan to have the Treasury as much as double its long-dated bond purchases. The move briefly quelled yields, but they rose again as…

The real estate version of the “butterfly can flap its wings in Peking, and in Central Park you get rain instead of sunshine” goes something like this: Eli Lily introduces a GLP-1 for weight loss — the local Pizza Hut becomes a Pilates studio. At least that’s the takeaway for retailers from the barrage of…

You want to maximize your lifetime Social Security benefits, and you’re determined to wait as long as possible to get the largest possible checks. If you’re claiming retirement benefits, that means waiting until age 70 when you become eligible for your maximum benefit. But if you’re claiming spousal benefits, it’s a different story. You qualify…

War Headlines Pushing Oil and Yields Higher 4 Hours, 43 Min ago War Headlines Pushing Oil and Yields Higher Some summertime Mondays are slow and uneventful. Some see brisk movement. Today’s was somewhere in between. There was modest pressure at the outset following headlines about Iran planning to escalate hostilities. The sharpest…