Sales of new U.S. single-family homes plunged in August as the 30-year mortgage rate rose past 7%, thereby discouraging would-be buyers. According to data from the Commerce Department on Tuesday, new home sales declined by 8.7% to a seasonally...

Following an intense wage dispute standoff, Ford Motors has offered Canadian worker's union Unifor wage increases of up to 25% as part of a tentative agreement to bring an end to negotiations. Unifor confirmed that its Ford leadership unanimously voted...

The British pound fell slightly on Thursday as observers anxiously await the Bank of England's incoming interest rate decision later in the day. After data showed that UK inflation cooled more than expected in August, traders are unsure as...

The Federal Reserve is widely expected to hold U.S. interest rates steady at its September meeting which concludes on Wednesday. Still, observers are being careful to not rule out the possibility of the Fed implementing further interest rate hikes...

U.S. Treasury Secretary Janet Yellen confirmed on Monday that she has not seen any evidence of a U.S. economic downturn. Still, she warned that economic momentum remains reliant on the government's ability to pass legislation to support the world's biggest...

SoftBank is looking to engage in more artificial intelligence deals after the mammoth initial public offering (IPO) of its Arm unit. Arm's secured a $54.5 billion valuation in its IPO on Wednesday. Masayoshi Son, founder and chief executive, is...