• US home sales fell in September to slowest pace in 3 years

    27 days ago - By Chron

    WASHINGTON - U.S. home sales fell for the sixth straight month in September, a sign that housing has become a weak spot for the economy.
    The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million. That's the lowest sales pace since November 2015.
    Hurricane Florence dragged sales in North Carolina, but even excluding the storm's effects, sales would fallen more than 2 percent. Sales of existing homes have declined steadily in the past year amid rapid price increases, higher mortgage...
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  • Europe urges China to open up at Asia summit

    27 days ago - By Reuters

    European governments pressed China on Friday to allow greater foreign investment in its economy, using a two-day summit with Asian leaders to push back against U.S. protectionism but facing familiar resistance from Beijing over state subsidies.
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  • High Deficits, Rising Interest Costs Leave U.S. Economy Looking Fragile

    High Deficits, Rising Interest Costs Leave U.S. Economy Looking Fragile

    27 days ago - By ETF Daily News

    From Adem Tumerkan : If you take a step back and look at the macro picture of the U.S. economy - it resembles a huge, upside-down, glass pyramid.
    Constantly teetering back and forth - struggling with everything it has to keep from collapsing.
    And so far - it's done a good job maintaining its balance. But nonetheless, it's extremely fragile. And gets more so as each day passes by.
    All it needs is a slight push in the any direction and down it goes - shattering into pieces.. .
    It's not hard to see that the ever-growing U.S. deficits - along with the soaring interest costs on the National...
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