Supplies of homes in Las Vegas are down 57 percent from a year ago and housing starts are up 96 percent, according to Applied Analysis, a Las Vegas research firm.
As a deadlock continues over automatic spending cuts, an analyst told CNBC the United States is living in a "fantasy world" and will need to implement trillions more in budget reductions.
Worries that China's property market is over heating are spreading beyond mainland policymakers, with key industry players including the head of the country's largest real estate developer warning of huge risks in the sector.
Jeff Allen buys, re-tools and sells cars for top dollar, so he must be doing something right. Read ahead to see 10 cars he restored that turned major profits.
American car buyers, attracted by new models and cheap financing, are taking out bigger auto loans and stretching out the terms of those loans to a new record length.
Many companies are borrowing money for projects using tax-exempt bonds called qualified private activity bonds, costing federal taxpayers hundreds of millions of dollars, the New York Times reports.
Martha Stewart is back in court today, caught in the middle of a legal battle between Macy's and JC Penney. Also, one of JCP's largest shareholders is selling a chunk of the company's stock, reports CNBC's Courtney Reagan.
Europe's car market is facing a precipice and the region's shrinking demand shows little signs of recovery this year, Carlos Ghosn CEO of Renault Nissan, told CNBC Tuesday.
Oil prices could continue to feel pressure, if the global economy turns out to be weaker than expected and oil production continues to grow in places like the U.S., Brazil and Iraq, according to James Burkhard, vice president and head of oil market research at IHS.
While a trader known as the "London whale" has come to represent a multibillion-dollar blowup at JPMorgan Chase, Congressional investigators have discovered that the problems involved more senior levels of the nation's largest bank. The New York Times reports.
Haruhiko Kuroda will likely make some progress in defeating deflation. At least, he should make some progress in weakening the yen. A forex trader explains why.
Stephan Winkelmann, CEO of Lamborghini, tells CNBC that without going global it is very difficult for any manufacturer - luxury or mass market - to be successful.
Venezuelan President Hugo Chavez's breathing problems have worsened and he is suffering from a "severe" new respiratory infection as he struggles to recover from cancer surgery.