×

Business

Profit margin on flipping a home is at a 17-year low due to high prices

LOS ANGELES (AP) — It pays less and less to buy and flip a home these days. From April through June, the typical home flipped by an investor resulted in a 25.1% return on investment, before expenses. That’s the lowest profit margin for such transactions since 2008, according to an ...

Wall Street stumbles again for a third straight loss

NEW YORK (AP) — Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far. The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, ...

U.S. stocks slip again as Wall Street’s rally loses steam

NEW YORK (AP) — U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause. The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell ...

U.S. stocks slip as Wall Street takes a pause from its relentless rally

NEW YORK (AP) — U.S. stock indexes are slipping on Tuesday as Wall Street takes a moment following a relentless rally. The S&P 500 fell 0.6%. The Dow Jones Industrial Average was down 89 points, or 0.2%, as of 2:39 p.m. Eastern time, and the Nasdaq composite was 1% lower. It’s a ...

Powell signals Federal Reserve to move slowly on interest rate cuts

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials this week who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are ...