Business

New home sales up more than 25 percent from a year ago

New homes are shown under construction at Lake Las Vegas on Sunday, April 10, 2016, in Henderson. The report, which is based on relative small sampling of contract signings, carries a wide margin of error, however. Price gains are noticeably cooling off in some major cities, like NY and Washington , the Case-Shiller report said. The housing market is continuing to rebound.

Business

Democratic National Convention: Day 2 preview

They did so through a combination of alarmist truth telling-born from the reality of a Trump-Clinton matchup that has lately gotten tighter-and cold-water scolding about party division, driven equally by frustration and exhaustion. But out of this tap dance came a lighting bolt of clarity: Silverman leaned into the mic and told the "Bernie or Bust" crowd that they "were being ridiculous".

Business

Twitter still struggling to grow as rivals race ahead

Monthly active users were 313 million in the second quarter, up from 310 million during the prior quarter. The social network reported sales of $602 million for the quarter, falling short of Wall Street estimates of $608 million, according to analysts surveyed by FactSet.

Business

Another creep higher sends S&P 500 to record high, again

The Standard & Poor's 500 index was flat at 2,173 at 11:12 a.m. The commodity complex showed some weakness on Wednesday, with the Bloomberg Commodity index losing 0.69 percent. HOW MUCH HIGHER? Stocks have climbed steadily upward since hitting a bottom almost a month ago, aided by better-than-expected reports on corporate earnings and the USA economy.

Business

Solar Impulse 2 reaches Abu Dhabi, completes fuel-free global journey

The plane runs on stored energy at night. Solar Impulse 2 demonstrates the exploration of energy efficient batteries and clean technology that could potentially alter the way we travel. The plane touched down at 04:05 (0005 GMT) in the capital Abu Dhabi after a more than 48-hour-long flight from Cairo, the final leg in its journey which began on 9 March previous year.

Business

US stock indexes inch higher in another listless day

It was the biggest gain in the S&P 500 . "The market is just exhausted", said Stephen Massocca, chief investment officer of Wedbush Equity Management in San Francisco. Analysts expect net income at the gauge's members will slide 5.8 per cent in the second quarter for a fifth straight decline, the longest streak since 2009.


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