Contract signings for existing homes logged their slowest pace in more than two decades in October. Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors on Thursday. The 71.4 index reading is the lowest since...

New York Fed chief says policy ‘most restrictive in 25 years’ Inflation, spending data show economy shifting into lower gear Federal Reserve Bank of New York President John Williams reiterated the Fed’s benchmark lending rate is at or near its peak level and said...

The S&P 500 will soon wrap its best month in more than a year. Even a limp to that finish line that seems to be playing out won’t move the needle on that. One particularly frustrating aspect of 2023 for investors has been waiting for a recession that never came,...

Point72 revised up fourth-quarter growth forecast to 1.5% Drossos says things could get worse if jobs, spending falter Investors should brace for turbulence as the US economy slows this year, according to Point72 Asset Management’s Sophia Drossos. “We could be in for...

The end of the property boom is diminishing homeownership as a path to wealth and deepening economic divides. The shock that rippled through global housing markets as central banks rapidly raised interest rates last year has given way to a cold new reality: The real...