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First-time U.S. home buyers face supply struggle as rates fall

Mortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.



5 years ago

Farmer's threat prompts USDA to pull staff from crop tour

The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer.



5 years ago

Stocks rise with focus on stimulus; U.S. yield curve briefly inverts

A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.



5 years ago

Nordstrom misses quarterly revenue estimates

Department store chain Nordstrom Inc reported quarterly sales below analysts' expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores.



5 years ago

Fannie Mae names former FDIC chair Sheila Bair to board

U.S. mortgage financing agency Fannie Mae said on Wednesday it named former Federal Deposit Insurance Corp chair Sheila Bair to its board.



5 years ago

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump.



5 years ago

Wall Street rises as Target, Lowe's results point to consumer confidence

Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in U.S. consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.



5 years ago

San Francisco crowdfunder Kiva sets up Sierra Leone credit database

Kiva, a San Francisco-based tech charity, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.



5 years ago

Trump to grant student loan forgiveness for disabled veterans

President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their debt wiped away.

5 years ago

E-cigarette firms probed over health concerns by U.S. House panel

Four dominant e-cigarette manufacturers face a probe into the health impacts of their products, as the U.S. House Energy and Commerce Committee asked on Wednesday about the firms' research and marketing practices.



5 years ago

Illinois corn yields seen below average but improve as tour scouts go West

Corn farmers in west-central Illinois are facing potentially smaller corn yields this fall in what has been a challenging growing season after extreme weather and heavy rains delayed plantings across much of the U.S. Midwest, scouts on an annual tour said on Wednesday.



5 years ago

U.S. farmers, lawmakers dial up pressure on Trump over biofuel policy

The agriculture and biofuel industries and their allies in the U.S. Congress ramped up pressure on the Trump administration on Wednesday over the relief he has given oil refiners from rules requiring use of biofuels.



5 years ago

AMS clear to make takeover bid for Osram in potential bidding war

Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war.



5 years ago

India needs to reduce ecommerce restrictions to revive economy: Amazon executive

India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.



5 years ago

Fed sees tariffs as 'persistent headwind' to economic growth

Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle

5 years ago