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ABCNews.com

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Find breaking news and business news on Wall Street, stocks, the economy, banking, interest rates and mortgages, loans and credit cards, mutual funds and retirement and gas prices.

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http://abcnews.go.com/

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Economy

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US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

16:22
Sales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines

US home sales fall in June, the fourth straight month, to seasonally adjusted 3.89 million, slowest pace since December

16:22
US home sales fall in June, the fourth straight month, to seasonally adjusted 3.89 million, slowest pace since December

Aer Lingus pilots vote to accept a pay raise. It ends a dispute that canceled hundreds of flights

15:18
Pilots at Ireland’s national airline, Aer Lingus, have voted to accept a pay increase that ends a labor dispute that led to the cancellation of hundreds of flights

UPS boosts volume in US for first time since 2022, but profit and revenue slide

13:08
UPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge

With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%

13:08
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago

China's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture

12:03
China’s Baosteel says it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million

India's Modi focuses on jobs creation in first budget after winning polls

10:59
Indian Prime Minister Narendra Modi plans to raise spending to create more jobs and spur economic growth
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