United States

Housing Market

Fannie, Freddie stocks open higher after Mnuchin's remarks

NEW YORK Shares of Fannie Mae and Freddie Mac opened higher on Wednesday, reaching their highest levels in more than a month after U.S. Treasury Secretary Steve Mnuchin said the Trump administration will take up reform of the two mortgage finance agencies in the latter half of 2017.

China's richest man deepens sports foray with global marathons deal

BEIJING China's Dalian Wanda Group, controlled by the country's richest man Wang Jianlin, has signed a deal to sponsor races with the world's top organizer, Abbott World Marathon Majors (WMM), the latest move by Wanda to expand its global sports business.

9:44am EDT

JPMorgan zooming in on Warsaw for new global back office center

WARSAW/LONDON U.S. bank JPMorgan Chase is zooming in on Warsaw as a destination for its new back office operations center which could eventually employ several thousand people supporting the bank's European and Asian business, sources said.

8:58am EDT

U.S. mortgage activity hits five-week high: MBA

NEW YORK U.S. mortgage application activity rose to a five-week high as the borrowing costs on 30-year home loans decreased to their lowest levels in five months, Mortgage Bankers Association data released on Wednesday showed.

8:57am EDT

China's biggest property markets still hot, prices may rebound if curbs lifted: People's Daily

BEIJING Home prices in China's biggest cities would likely rebound if government curbs are relaxed, a senior official from the country's top economic planner was quoted as saying, suggesting authorities are in no mood to lift restrictions any time soon.

7:00am EDT

U.S. commerce chief says Canada trade disputes show need to rework NAFTA

WASHINGTON U.S. Commerce Secretary Wilbur Ross said on Tuesday that trade disputes with Canada over lumber and dairy products illustrate a need to renegotiate the North American Free Trade Agreement.

Apr 25 2017

Consumer confidence slips; new home sales hit eight-month high

WASHINGTON U.S. consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.

Apr 25 2017

U.S. home prices rise faster than expected in February

NEW YORK U.S. single-family home prices accelerated at a faster pace than expected in February, supported by a low inventory of housing stock, a survey showed on Tuesday.

Apr 25 2017

Canada's NorthWest offers to buy rest of Generation Healthcare

Canada's NorthWest Healthcare Properties REIT on Monday offered to buy the rest of Australia's Generation Healthcare REIT that it does not already own, valuing the company at about A$491 million ($371 million).

Apr 24 2017

U.S. existing home sales surge 4.4 percent in March

WASHINGTON U.S. home resales rose more than expected in March to the highest level in more than a decade as more homes came on the market and were quickly snapped up by consumers.

Apr 21 2017