Some local residents and politicians are balking at the expense.
Economic Report: U.S. new-home sales fall 8.7% in August amid high mortgage rates
U.S. new-home sales stood at an annual rate of 675,000 in August, compared with 739,000 in the prior month.
: United Natural Foods’ stock tumbles toward 3-year low after company swings to loss amid lower inflation benefits
Grocery wholesaler swings to loss and posts sales that lag estimates.
: Manchester United’s stock rises amid report of revamped Jim Ratcliffe takeover bid
Jim Ratcliffe is reworking his takeover bid for the Manchester United soccer club, Bloomberg reports.
Deep Dive: If you think stocks have gotten too expensive, this ETF’s strategy may work for your portfolio
The Invesco BuyBack Achievers ETF has beaten the S&P 500’s return over the past three years and for 15 years.
: Tesla’s stock slips after report EU investigating its Chinese exports
A report surfaced that the EU is looking at its exports of Chinese EVs and that probe could result in fines.
Need to Know: Gundlach says investors can sidestep carnage in stocks and earn 8% returns in bonds. Here’s how.
“I think investors should be getting much more conservative and I continue to favor a relatively balanced portfolio,” says Jeffrey Gundlach, the widely followed CEO, chief investment officer and founder of DoubleLine Capital.
Economic Report: U.S. home prices rose in July, Case-Shiller says
Case-Shiller’s 20-city home price index up 0.1% year-on-year in July.
The Tell: ‘It’s pretty dire,’ John Hancock strategist says of sentiment on Wall Street as bond yields march higher
‘I think we are at the point in the cycle where yields are going to back up until something breaks,’ says Matt Miskin, John Hancock Investment Management’s co-chief investment strategist.
Bond Report: 10-, 30-year Treasury yields hold steady near highest levels since 2007, 2011
Long-term Treasury yields remain near their highest levels in a dozen years or more as last week’s Federal Reserve decision weighs on the outlook.
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