NEW YORK - U.S. consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.
Recent Business News
NEW YORK - Pimco intends to expand its equities business and there will be no difference in the firm's portfolio management following the departure of former Chief Investment Officer Bill Gross, two top Pimco executives said on Tuesday.
- Bank of New York Mellon Corp told a group of employees on Tuesday that it is shutting its derivatives sales and trading business, Bloomberg reported.
U.S. stocks are down, bonds are up--and house prices continue to rise.