Report: New US Home Sales Rise

New data show U.S. home sales advanced in February while job layoffs rose slightly last week. Thursday’s Commerce Department report showed home sales rose 6.1 percent to hit a seven-month high in February. If newly-constructed homes sold at last month’s pace for a full year, 592,000 would change hands. That …

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Oil Prices Fall on Bloated US Crude Storage

Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.79 per barrel at 0451 GMT, down 17 cents, or …

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Venezuela’s Problems Could Doom US Heating Oil Charity

Amid continuing economic turmoil, Venezuela skipped heating oil contributions to a Massachusetts-based nonprofit for a second consecutive winter, signaling that the popular program that began with fanfare after Hurricane Katrina may be kaput. The decision by Venezuela’s Citgo Petroleum Corp. to bow out of the program founded by Joseph P. …

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An African Trade Conference With No Africans

The University of Southern California each year hosts the African Economic and Development Summit, bringing delegations of African business leaders, government officials and others to network with their counterparts in the U.S. But this year, the African summit has no Africans. All were denied visas. Michelle Quinn reports from Los Angeles. …

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China Begins Opening Up $9 Trillion Bond Market

China, the world’s third-largest bond market accounting for $9 trillion in debt instruments, has started the process of opening up to foreign investors. Two major investment banks, including Citigroup, have announced plans to join the fray and several others are expectantly watching the unfolding situation. It’s not a sudden desire …

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Travel Restrictions Worry US Tourism Industry

Foreign tourism to the United States, which supports millions of American jobs, is slowing, possibly because President Donald Trump sought controversial travel restrictions on some Muslim-majority nations. Online searches for flights to the United States are down in most major nations, not just those hit by restrictions. Jim Randle reports …

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