#biggest drop

WASHINGTON | US mortgage rates fall: 30-year at 4.81 percent

WASHINGTON — U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago.

Mortgage giant Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94 percent a week earlier. It was the biggest weekly drop since January 2015. But the 30-year rate was still…

BANGKOK | Asia shares skid, Tokyo down 3.6 pct, after rout on Wall St

BANGKOK — Shares tumbled in Asia on Thursday, led by declines in semiconductor makers and other technology-oriented shares, after another torrent of selling on Wall Street.

Japan’s Nikkei 225 index sank sharply on the open but regained some lost ground, falling 3.7 percent to 21,267.18. The Shanghai Composite index slipped 1.4 percent to 2,567.92 and Hong Kong’s Hang Seng index skidded 2.1…

WASHINGTON | US home sales fell in September to slowest pace in 3 years

WASHINGTON — U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy.

The National Association of Realtors said Friday that sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million. That’s the lowest sales pace since November 2015.

Hurricane Florencedra…

NEW YORK | US stocks slip lower in wobbly trading, but losses ease

NEW YORK — U.S. stocks are mostly lower in unsteady trading one day after their biggest drop since February. A report indicating that inflation remains limited seemed to calm U.S. investors.

Following yesterday’s sell-off in the U.S., markets in Asia tumbled and European stocks suffered more modest losses.

Bond yields, which have spiked over the last week, slid after the Labor Department said…

NEW YORK | US stocks turn higher after report shows modest inflation

NEW YORK— U.S. stocks are slightly higher in unsteady trading one day after their biggest drop since February. A report indicating that inflation remains limited seemed to calm U.S. investors.

Following yesterday’s sell-off in the U.S., markets in Asia tumbled and European stocks suffered more modest losses.

Bond yields, which have spiked over the last week, slid after the Labor Department said…

NEW YORK | Rising interest rates send stocks tumbling; tech plunges

NEW YORK — Global stocks are falling Thursday as interest rates in the U.S. continue to rise. The S&P 500 index is on track for its biggest drop in more than three months as internet and technology companies fall, and the Nasdaq is on track for its worst loss in six months. The yield on the 10-year Treasury note is rising further after hitting a seven-year high a day ago.

Strong reports on job…

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WASHINGTON | US construction spending down 1.7 percent in March, with biggest drop in home building in 9 years

WASHINGTON (AP) — US construction spending down 1.7 percent in March, with biggest drop in home building in 9 years.