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Paul Dykewicz

Pending Sales of U.S. Existing Homes Rise Less Than Forecast

Contracts to purchase previously owned U.S. homes rose less than forecast in November, reflecting rising borrowing costs are reining in a residential real estate recovery.

China, South Korea Officials Alarmed as Yen Slide Threatens Exporters

Government officials from China and South Korea warned Monday that the rapidly falling yen may hurt their exporters.

Gold is Heading toward First Yearly Loss Since 2000

As 2013 nears its close, it is on the verge of notching the first yearly gold-price drop since 2000.

Wall Street Ends Mostly Flat Today But up for the Week

U.S. stock indexes finished mostly flat on Friday, with the Dow snapping a six-day streak of record closing highs.

Global Markets Rise amid Year-End Rally; Nikkei Hits Five-Year High

Global markets surged today as a year-end rally revved up on good news for stocks out of Japan and China, as well as an afterglow from Thursday’s report of reduced U.S. unemployment benefit claims.

U.S. 10-year Yield Hits More than Two-Year High

U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years today as traders cut their bond holdings in preparation for the Federal Reserve to trim bond purchases in 2014.