Builder confidence in the market for newly built, single-family homes rose in September to reach the highest point since November 2005, the National Association of Home Builders (NAHB) reports.
For several weeks over the summer, it seemed the Fed's inflation hawks were gaining traction, and the internal debate within the central bank over when to raise interest rates was moving in favor of those who want to raise rates sooner rather than later.
At the 20th birthday party last year for AFK Sistema, his sprawling oil-telecoms-retail conglomerate, Vladimir Yevtushenkov held court at a lavish black-tie party for the company just metres from the Kremlin.
Wall Street breathed a sigh of relief after the Federal Open Market Committee said that they would keep interest rates accommodative for a "considerable time" after ending quantitative easing next month.
Pier 1 Imports, Inc. (PIR: Quote) reported net income for the second quarter of $9.2 million or $0.10 per share, compared to $17.8 million or $0.17 per share for the year-ago quarter.