New-home sales fell in May, median price rose

Fewer people bought new homes last month, the latest sign that the struggling housing market won’t rebound this year.
New-home sales fell 2.1 percent in May […]

House GOP lawmakers press Obama on borrowing

Republican lawmakers pressed President Barack Obama Wednesday for a detailed plan on spending cuts, with one leading House member accusing him of thinking about his […]

Swan Says Australia’s Budget Makes ‘Substantial’ Savings - Bloomberg

Australian Treasurer Wayne Swan said there will be “substantial” savings in the coming budget after revenue was crimped by a record exchange rate, the nation’s […]

Argentina’s GDP Will Expand by At Least 6.5% This Year, Central Bank Says - Bloomberg

Argentina’s economy may expand by 6.5 percent or more this year, and unemployment may hover at the lowest level in two decades, the central bank […]

Al-Qaida claims responsibility for N. Iraq attack

Al-Qaida in Iraq claimed responsibility Saturday for an attack and hostage-taking that killed 57 people at a government building in northern Iraq.
In a statement released […]

TD hikes mortgage rates

TD Canada Trust announced Monday they would be raising some of their fixed-term mortgage rates by as much as a quarter of a percentage point. […]

Latest updates

Escalating protests in Egypt jarred world financial markets on Friday. Stocks fell while the dollar, Treasurys and gold rose as investors sought to reduce their […]

Mizuho’s Tsukamoto Expects Higher-Than-Basel Capital Ratio, No Share Sales - Bloomberg

Mizuho Financial Group Inc., Japan’s third-biggest bank by market value, expects to exceed global capital requirements without additional stock sales, the lender’s president said.
“We […]

EU seeks answers for snow nightmare

The world’s busiest international airport told infuriated passengers not to expect full service until Thursday, five days after a five-inch (13-centimeter) snow flurry turned hundreds […]

How much for a holiday tip?

Anna Post, a spokeswoman for the Emily Post Institute, provided these answers to common questions about holiday tipping.
Who should get a year-end tip?