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House prices are falling at their fastest rate since 2012 as people face 'squeeze on real incomes'
News 1 day ago
House prices are falling at their fastest rate since 2012 as people face 'squeeze on real incomes'

LONDON- House prices in Britain recorded their second monthly decline in April, Nationwide said on Friday. On a seasonally adjusted basis, prices...

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The number of people working in shops is collapsing
News 2 days ago
The number of people working in shops is collapsing

LONDON- The number of full-time staff working in shops is collapsing, new figures show. The number of people working in retail shop floors across...

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Canada's housing watchdog warns of 'problematic conditions'
News 2 days ago
Canada's housing watchdog warns of 'problematic conditions'

Canada's housing watchdog maintained its view that there is "strong evidence of problematic conditions" in the market that some economists have...

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Report: 'Trump whisperer' Kellyanne Conway just bought an $8 million DC mansion
News 3 days ago
Report: 'Trump whisperer' Kellyanne Conway just bought an $8 million DC mansion

Trump adviser Kellyanne Conway has lavish new digs in the nation's capital, according to a report by The Washingtonian. An anonymous real estate...

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New home sales unexpectedly jump in March
News 3 days ago
New home sales unexpectedly jump in March

New home sales unexpectedly jumped in March, according to the Department of Commerce. Sales of new single-family houses rose 5.8% at a seasonally...

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China may build a smog-eating 'forest city' filled with tree-covered skyscrapers
News 4 days ago
China may build a smog-eating 'forest city' filled with tree-covered skyscrapers

The eastern Chinese city of Nanjing, like many of the country's urban areas, suffers from intense smog. The Air Quality Index, which uses a scale...

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Sears' turnaround timeline is shrinking — and it could be next in line to declare bankruptcy (SHLD)
News 4 days ago
Sears' turnaround timeline is shrinking — and it could be next in line to declare bankruptcy (SHLD)

Time is running out for Sears to turn business around.  S&P Global Market Intelligence has identified Sears as the most vulnerable public retail...

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The 8 best pieces of saving advice from real people who banked a fortune
News 1 week ago
The 8 best pieces of saving advice from real people who banked a fortune

If ever I feel discouraged about my money- that I won't have enough to retire one day, buy a house, or take the vacations I want- I remember one...

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The Yorkshire Building Society just launched the UK's lowest ever mortgage rate
News 1 week ago
The Yorkshire Building Society just launched the UK's lowest ever mortgage rate

LONDON- The Yorkshire Building Society has started offering mortgages at 0.89% – the lowest rate ever in the UK. The product is a two-year variable...

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Sports Direct is breaking into the US with a $101 million deal
News 1 week ago
Sports Direct is breaking into the US with a $101 million deal

LONDON- Sports Direct has bought a bankrupt American retail chain, giving it a foothold in the US for the first time. Discount sports retailer...

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'Debenhams is running up a down escalator'
News 1 week ago
'Debenhams is running up a down escalator'

LONDON- Debenhams shares are falling on Thursday morning, despite the announcement of a new digital-focused turnaround strategy from its Amazon...

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The supermarkets to shop at if you want to beat Brexit price rises
News 1 week ago
The supermarkets to shop at if you want to beat Brexit price rises

LONDON- Asda remains Britain's cheapest supermarket while Tesco is doing the most to stave off any Brexit-fuelled price rises, according to new...

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Larry Fink fired back at Jamie Dimon's assertion that regulation is hurting the US economy
News 1 week ago
Larry Fink fired back at Jamie Dimon's assertion that regulation is hurting the US economy

Larry Fink doesn't buy Jamie Dimon's complaints about regulation and the mortgage market. In an interview with Bloomberg TV on Wednesday, the...

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The CEO of Restoration Hardware just slashed the price of his enormous Napa Valley home that's like a living catalog
News 1 week ago
The CEO of Restoration Hardware just slashed the price of his enormous Napa Valley home that's like a living catalog

If you didn't already know that Gary Friedman serves as CEO of Restoration Hardware, a walk into his Napa Valley home would give it away.  The...

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CREDIT SUISSE: JCPenney is finally responding to the death of brick-and-mortar retail
News 1 week ago
CREDIT SUISSE: JCPenney is finally responding to the death of brick-and-mortar retail

Things have not been easy for brick-and-mortar retailers.  Across the retail industry, stores are closing at a clip and firms are witnessing their...

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England's chronic housing problem is causing people to suffer anxiety, depression, and panic attacks
News 1 week ago
England's chronic housing problem is causing people to suffer anxiety, depression, and panic attacks

LONDON- England's chronic housing problems are causing people to suffer anxiety, depression, and panic attacks, according to mental health charity...

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Britain may never solve one of the biggest problems in the housing market
News 1 week ago
Britain may never solve one of the biggest problems in the housing market

LONDON- The UK will need to almost constantly build more homes than it ever has done before in order to address the chronic lack of supply that has...

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11 US cities where you need to make more than $75,000 to live comfortably
News 1 week ago
11 US cities where you need to make more than $75,000 to live comfortably

Some of the biggest cities in the US are actually quite affordable. But there are other places where a $75,000 salary- that's about $15,000 more...

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Execs have a new attitude about networking — and it's killing famous power-lunching spots and golf courses
News 1 week ago
Execs have a new attitude about networking — and it's killing famous power-lunching spots and golf courses

America's business leaders are rethinking how they network. Gone are the days when execs both young and more veteran had the time to spend hours at...

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Sears' crumbling former headquarters have been transformed into affordable housing — take a look (SHLD)
News 2 weeks ago
Sears' crumbling former headquarters have been transformed into affordable housing — take a look (SHLD)

Two years ago, Sears' former headquarters were a mix of dilapidated and abandoned buildings.   Today, those buildings are a growing community hub....

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It's especially hard to find a home to buy right now — and it could get worse for millennials
News 2 weeks ago
It's especially hard to find a home to buy right now — and it could get worse for millennials

Home shoppers might have an especially hard time finding the house of their dreams this spring.  According to real-estate site Zillow, there are 3%...

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Britain has never been richer — or more unequal
News 2 weeks ago
Britain has never been richer — or more unequal

LONDON- British households are richer than ever, but that won't translate to a much-needed boost to the economy in the form of increased consumer...

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Here's why the Bank of Canada won't do the most obvious thing it can to pop the housing bubble
News 2 weeks ago
Here's why the Bank of Canada won't do the most obvious thing it can to pop the housing bubble

By raising borrowing costs, a central bank can usually slow down risky consumer credit and spending. But this economic logic is not as...

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Jamie Dimon says something shameful is going on with the mortgage market (JPM)
News 2 weeks ago
Jamie Dimon says something shameful is going on with the mortgage market (JPM)

Multitudes of would-be first-time homebuyers have been stymied in their pursuit of an iconic piece of the American dream in recent years. JPMorgan...

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One of the biggest problems with Britain's property market is getting even worse
News 2 weeks ago
One of the biggest problems with Britain's property market is getting even worse

LONDON- One of the biggest issues facing Britain's stretched and inflated property market, namely the lack of housing supply, is getting even worse...

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Even doctors are getting priced out of San Francisco's housing market
News 2 weeks ago
Even doctors are getting priced out of San Francisco's housing market

Even doctors are getting priced out of San Francisco's frenzied housing market, according to Trulia. Medical practitioners from anesthesiologists...

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Chinese company Best Logistics Technology plans US IPO
News 2 weeks ago
Chinese company Best Logistics Technology plans US IPO

This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here. Best Logistics...

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The 28 most expensive homes for sale in the US right now
News 2 weeks ago
The 28 most expensive homes for sale in the US right now

It's no secret that real estate isn't cheap anywhere these days, but these palatial homes give expensive a whole new definition.  With listing...

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'The dominoes are starting to fall': Retailers are going bankrupt at a staggering rate
News 2 weeks ago
'The dominoes are starting to fall': Retailers are going bankrupt at a staggering rate

Retailers are filing for bankruptcy at an alarming rate that's quickly approaching recessionary levels. It's only April, and nine retailers have...

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Amazon is taking over Seattle — and residents are calling it 'Amageddon' (AMZN)
News 2 weeks ago
Amazon is taking over Seattle — and residents are calling it 'Amageddon' (AMZN)

Amazon has played a major role in the story of Seattle's development since it moved its corporate offices to the South Lake Union neighborhood in...

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