Best Buy pointed to the hot housing market as one of the key reasons for strong sales in the fiscal first quarter. CEO Corie Barry said the company has a "unique advantage" by selling products and offering services, such as home installations. Some analysts, however, have cautioned that the retailer […]

Add pay growth to the list of inequalities exacerbated by the pandemic. CEO pay skyrocketed 15.9% through the pandemic as the rallying stock market boosted compensation packages, the left-leaning Economic Policy Institute said in a Thursday blog post. That marks an acceleration from the 14% jump seen in 2019 despite […]

Fannie Mae's "RefiNow" program opens June 5, and Freddie Mac is expected to launch its own initiative later this summer. Borrowers will need to meet eligibility requirements, which includes having income that is no more than 80% of their area’s median income. Lenders would be required to lower a borrower's […]

The housing market has exploded in the past year. One example is Phoenix, one of America’s 20 largest cities, where prices grew the fastest among those cities in March at 20% year over the previous year. It is not alone. Double-digit price increases are common in many cities. Medium-sized city […]

The U.S. has reported more than 32.7 million confirmed COVID-19 cases as of May 25. More than 584,000 Americans have died of COVID-19 — the highest death toll of any country. The virus has spread throughout the country in a way that has been difficult to predict, surging in one […]

WASHINGTON – Former House Speaker Paul Ryan says the Republican Party needs to focus on “principles” rather than individuals – namely former President Donald Trump – as he opens a new lecture series on the future of the GOP. “No party should revolve around a single person,” said Ryan, who on Thursday starts the new series […]

This marks the largest investor exit from the Indian renewable energy market. SoftBank Energy India (SB Energy) ended its short five-year tryst with India last Wednesday, having previously promised free power from solar plants and an investment of $1 trillion in the country’s renewable energy sector. The company is exiting […]

Rising prevalence of work-from-home and e-learning is driving sales of notebooks and tablets for most brands, but Apple’s superior performance has more to do with its product quality. Arnab Dutta reports. Baljinder Paul Singh’s first association with Apple was in 1996 when the US giant’s business was mostly confined to […]