China issues blueprint for state industry overhaul

China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries even as it aims to retain the party’s dominance in the economy. The plan comes at a

Read Full Article

New York OKs $15 minimum wage for fast-food workers

New York state will gradually raise the minimum wage for fast-food workers to $15 an hour — the first time any state has set the minimum that high. Gov. Andrew

Read Full Article

New-home sales come back, jump 5.4% in July

Americans stepped up their purchases of new homes in July, with sales surging in the Northeast. The Commerce Department says new-home sales rose 5.4% last month to a seasonally adjusted

Read Full Article

Housing data, inflation and the Fed

Incoming fresh data this week on consumer inflation and housing will collide with the release of minutes of last month’s Federal Reserve meeting and perhaps offer clues as to whether

Read Full Article

Critics pummel N.Y. economic development program

The criticism grew quickly as figures were released: The Start-Up NY program cost taxpayers $53 million in ads, and the

Read Full Article

Existing home sales surge, prices hit record

Existing homes were sold at the fastest pace in eight years last month and the median sales price reached an

Read Full Article

Mortgage rates fall amid global uncertainty

Mortgage rates took a step back from year-high levels this week as uncertainty in world financial markets continues to rankle

Read Full Article

Existing home sales jump 5.1% in May

Existing home sales bounced up at the highest pace in nearly six years in May, resuming improvement in the housing

Read Full Article

Standard Pacific, Ryland Group to merge in $5.2B deal

Two major homebuilders, Standard Pacific and The Ryland Group, announced a merger agreement Sunday in a deal that would form

Read Full Article

Homebuilders’ confidence in sales prospects ebbs

U.S. homebuilders are feeling slightly less confident about their sales prospects, a reflection of the sluggish start to this spring’s

Read Full Article