Our Great City
Chinese nationals are the top foreign buyers of U.S. homes, but in recent weeks they have started to pull back, scared off by their country’s stock slump and weakening economy.
An index measuring pending home sales—a gauge of purchases before they become final—rose 0.2% to a seasonally adjusted reading of 107.7 in October, the National Association of Realtors said Monday.
Developments in the U.S. and Europe this week are set to widen the gap between the likely path of interest rates in the two regions and add to currency-market turbulence that has produced a 12% increase in the value of the dollar against the euro since the start of the year.
Judge David Tatel, who shot down two previous versions of the FCC’s net-neutrality rules, will help decide the latest appeals-court challenge.
India’s largest cellular operator, Bharti Airtel, plans to spend $9 billion to improve its mobile data network in the country.
Home prices continue to climb, but the U.S. government is keeping a lid on the size limit for federally backed mortgages, posing problems for home buyers in many pricey markets.
China’s first homemade jetliner is poised to make its delayed commercial debut, illustrating Beijing’s woes in getting its aerospace sector airborne.
Foundation’s move enhances city’s reputation as a biotech center.
China’s sputtering economy has spooked some foreign investors into fleeing, but not the Philippines’ richest man, Henry Sy: He’s ramping up plans to build more malls in the country of his birth.
“Creed,” starring Michael B. Jordan as the son of original “Rocky” fighter Apollo Creed, registered a very strong debut.
Greyston Bakery in Yonkers hires applicants in the order in which they walk in the door, no questions asked. The workers tend to be those who are chronically underemployed, particularly those who have been incarcerated.
The U.S. auto industry likely shrugged off calendar curveballs in November to post its third-consecutive annual sales rate above 18 million units, suggesting the car business is at the strongest level since at least 2001.
More people shopped online than in stores during the Thanksgiving and Black Friday weekend, a retail survey said, a sign of how quickly and deeply American shopping habits have changed.
U.S. aviation regulators on Monday will propose mandatory inspections and, if necessary, replacement of suspect parts on nearly 1,600 jetliners to prevent potentially catastrophic failures.
Iran on Saturday presented a new model for oil contracts it could offer to foreign oil firms as it seeks to attract Western investors ahead of an end to sanctions.
U.S. consumers have grown increasingly cautious ahead of the holiday shopping season, a potential weight on economic growth during the final months of the year.
A major shareholder is urging biotechnology firm Northwest Biotherapeutics to hold an inquiry into allegations about the governance of the company by Chairwoman and Chief Executive Linda Powers.