U.S. home sales bloomed in March after a brutal winter, a sign of possible newfound momentum for housing.
Airbnb, the site that now offers more than a million listings in over 190 countries, is launching its first worldwide television ad. However, the company still faces critics. "Time 100" honoree and Airbnb CEO Brian Chesky discusses his lodging site.
Spanish stocks have climbed 10.9 percent in euros. But for someone counting in U.S. dollars, each of those euros is worth less than at the start of the year. A growing number of funds have been trying to blunt this effect.
Sales of new U.S. homes plummeted in March, as the spring buying season opened with sharp declines in the Northeast and South. The Commerce Department said that new-home sales fell 11.4 percent last month.
Average long-term U.S. mortgage rates are down slightly this week and remain near historic lows. Mortgage giant Freddie Mac says the national average for a 30-year fixed -rate mortgage slipped to 3.65 percent from 3.67 percent last week.
Stock indexes edged higher in late-afternoon trading Friday, helped by gains in big technology companies including Google, Amazon and Microsoft.