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US home sales fall 1.7% with prices high and supply low

Josh Boak, Associated Press  |  Posted Jul 23rd - 8:09am

U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership.

US home sales sank 1.7% in June; down 2.2% over past year given high prices and low supply

The Associated Press  |  Posted Jul 23rd - 8:05am

US home sales sank 1.7% in June; down 2.2% over past year given high prices and low supply.

Alibaba lets US small, medium businesses to sell on platform

Anne D'Innocenzio, Associated Press  |  Posted Jul 23rd - 8:02am

China's e-commerce juggernaut Alibaba will allow nearly 30 million small and medium-sized businesses from the U.S. to sell on its platform in the U.S. and around the globe.

AutoNation replaces new CEO with a new CEO

The Associated Press  |  Posted Jul 23rd - 7:56am

Four months after the country's largest auto dealership chain named a new chief executive to replace its longtime CEO, it's making another change at the top.

Markets Right Now: Banks are among early stock gainers

The Associated Press  |  Posted Jul 23rd - 7:46am

The latest on developments in financial markets (all times local):

Lawmakers return to assess budget and debt agreement

Andrew Taylor, Associated Press  |  Posted Jul 23rd - 7:11am

House lawmakers are returning to Washington to assess a budget and debt deal between Democratic House Speaker Nancy Pelosi and President Donald Trump, but there's no evidence of any last-gasp drama that could upset the hard-won compromise.

IMF sees a weaker global economy but upgrades US forecast

Paul Wiseman, Associated Press  |  Posted Jul 23rd - 7:02am

The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions.

Venezuela's lights coming back to life following outage

Scott Smith, Associated Press  |  Posted Jul 23rd - 6:16am

The lights were returning to life across Venezuela on Tuesday following a massive blackout that crippled communications, froze the Caracas metro and snarled rush hour traffic, officials said.

Coke's broadening palate drives sales

The Associated Press  |  Posted Jul 23rd - 5:34am

Coca-Cola upped its revenue expectations for the year as new lines of healthier drinks and coffees win over fans.

Johnson's win elevates 'no-deal' Brexit risks to UK economy

Pan Pylas, Associated Press  |  Posted Jul 23rd - 5:22am

With Boris Johnson confirmed as the next U.K. prime minister, the outlook for the British economy has become murkier — and potentially more perilous.

Li Peng, Chinese premier during Tiananmen crackdown, dies

Ken Moritsugu, Associated Press  |  Posted Jul 23rd - 5:13am

Li Peng, a former hard-line Chinese premier best known for announcing martial law during the 1989 Tiananmen Square pro-democracy protests that ended with a bloody crackdown by troops, has died. He was 90.

Boris Johnson says as prime minister he will "deliver Brexit, unite the country" and defeat Labour opposition.

The Associated Press  |  Posted Jul 23rd - 5:13am

Boris Johnson says as prime minister he will "deliver Brexit, unite the country" and defeat Labour opposition.

The Latest: Japanese leader urges UK to avoid no-deal Brexit

The Associated Press  |  Posted Jul 23rd - 5:08am

The Latest on Boris Johnson's victory in the race to become Britain's next prime minister (all times local):

Chinese state media say former Premier Li Peng, who announced martial law during Tiananmen protests, has died

The Associated Press  |  Posted Jul 23rd - 5:05am

Chinese state media say former Premier Li Peng, who announced martial law during Tiananmen protests, has died.

Stuntman injury halts 'Fast & Furious 9' production in UK

The Associated Press  |  Posted Jul 23rd - 4:39am

Production of "Fast & Furious 9" has been halted after a stuntman for the action movie was severely injured in England.

East Timor parliament OKs sea border treaty with Australia

Oki Raimundos, Associated Press  |  Posted Jul 23rd - 4:37am

The parliament of impoverished East Timor voted in favor Tuesday of ratifying a maritime boundary treaty with Australia that governs how the two countries will share billions of dollars of oil and gas riches lying beneath the Timor Sea.

Daimler welcomes investment by Chinese partner BAIC

The Associated Press  |  Posted Jul 23rd - 4:28am

Automaker Daimler says its Chinese partner BAIC Group has taken a 5% equity stake, a move Daimler said reinforces the cooperation between the two companies.

UN compensation panel pays out $270M for Kuwait oil company

The Associated Press  |  Posted Jul 23rd - 3:39am

A United Nations panel that oversees compensation claims stemming from Iraq's 1990-1991 invasion of Kuwait says it has paid out $270 million to Kuwait's national oil company.

Channel Tunnel operator: 'no-deal' Brexit now main scenario

The Associated Press  |  Posted Jul 23rd - 3:33am

Channel Tunnel operator Getlink is warning that Britain's departure from the European Union without a deal is now "very likely" and is its main scenario as it forecasts earnings.