The drop in home values caused by the mortgage crisis has resulted in one positive outcome: Prices have fallen so far that home affordability is back to pre-housing-boom levels, reports Moody’s Analytics. But a quarter of house…
Chinese investors returning from the New Year holiday were greeted by a 25 basis point hike in interest rates. The Shanghai Composite Index lost 0.9%, in Hong Kong the Hang Seng Index fell 1.4%, and in Japan the Nikkei 225 Inde…
The benchmark Standard & Poor’s 500 Index only has to go up a tick or two before it doubles from its March 2009 trough. The index fell to under 677 on March 9 that year, and closed just short of 1,325 Tuesday.
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More visitors made their way to Sin City last year compared to 2009, helping to boost room rates at Las Vegas hotels — even though hotel occupancy actually fell.
Continue reading Sin City Regains Popularity: L…
Wheat prices reached their highest prices in more than two years after a United Nations agency warned that China may face a wheat-supply shortage because of a recent drought, The Wall Street Journal reported.
C…