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Business

Wall Street yawns at DC’s looming shutdown as the Dow sets another record

NEW YORK (AP) — U.S. stocks coasted to the finish of their latest winning month on Tuesday, as Wall Street yawned at the potential shutdown of the U.S. federal government that’s looming. The S&P 500 rose 0.4% to close out its fifth straight winning month after setting a record last ...

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%, ...