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Last updateThu, 11 Jan 2018 7pm
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Business Briefs

The incredible, disappearing home down payment

(Axios | Christopher Matthews) Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes.


U.S. Household Wealth Rises $1.7 Trillion to Another Record

u7u656he5w6yh7i8U.S. household wealth increased in the second quarter to yet another record, driven by solid gains in financial assets and rising property values, figures from the Federal Reserve in Washington showed Thursday.

Free Market v. Socialism's Pawn -- Box Office Sinks to Historic August Slump

empty movie theater getty 640x480(Breitbart) Box office revenue this weekend is expected to hit a 15-year low — thanks to an August schedule devoid of any must-see films, theater closures in Texas in response to Hurricane Harvey, and Saturday’s much-hyped Floyd Mayweather vs. Conor McGregor pay-per-view fight.

Governomics: Wall St. falls sharply on oil drop, global growth worries.

(Reuters) - Global growth worries and a sharp drop in oil prices sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day on Friday.

Plethora of weak U.S. data points to sharply slower growth belies Obama's delusional SOTU rhetoric

U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter.

Viagra boosts Botox: Pfizer, Allergan reach $160 billion deal creating world's largest drug peddler

(AP) — Pfizer and Allergan will join in a $160 billion deal to create the world's largest drugmaker.

Not So Rosey: US home sales fall 3.4 percent in October; First time buyers priced out of market

WASHINGTON (AP) — Fewer Americans bought homes in October, a sign that rising home values may be pushing more would-be buyers to the real estate market's sidelines.