Latest Financial performance News
US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...
Stock market today: Asian stocks are mixed after Wall Street edges to more records
HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s...
Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And...
China keeps lending rate unchanged as data show housing market is still struggling
BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...
As Art Basel opens, buyers confront a 'cooling' but still very active market
BASEL, Switzerland (AP) — Multimillion-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market this week as the Art Basel fair opened in Switzerland. Thousands flooded the exhibition center for VIP previews before doors open to public Thursday....
Best Buy and Kohl's extends streak of quarterly sales slumps as Americans focus on the essentials
NEW YORK (AP) — The earnings results from Best Buy and Kohl's, announced Thursday, offer the latest evidence of consumers' cautious spending amid a challenging economic environment. Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales...
Why I love my CSA (it's more than the weekly box of fresh produce)
I might never have fallen in love with kohlrabi had I not joined a CSA. Signing up for a Community-Supported Agriculture program means getting a box of produce from local farms every week or two. It's a way to take advantage of summer's bounty, discover new fruits and vegetables, and...
U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
WASHINGTON (AP) — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association...
Atlantic City casino profits declined by nearly 10% in first quarter of 2024
ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their collective profits decline by nearly 10% in the first quarter of this year, and only two of the nine casinos were more profitable than they were a year ago, figures released Wednesday by state gambling regulators show. ...
Macy's tops expectations for the first quarter as luxury and beauty sales shine
NEW YORK (AP) — Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Yet the quarterly results Tuesday beat Wall Street expectations. And Macy's, which also operates upscale Bloomingdale's and...
