Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Political experts believe the vote could give more insight into national politics in each member state, rather than on the future of the EU itself.Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
U.S. home buyers signed fewer contracts to purchase existing homes in August, as higher mortgage rates and higher home prices weighed on housing affordability. So-called pending home sales fell 1.6 percent month-to-month, according to the National Association of Realtors, but are still 5.8 percent higher from a year ago.
The Realtors warned earlier this month that the increase in closed home sales in August (signed contracts in June or July) was the, "last hurrah," as agents were reporting a steep drop in buyer traffic last month. These pending contracts generally take one to two months to close and therefore indicate slower final sales for the fall.
"Sharply rising mortgage interest rates in the spring motivated buyers to make purchase decisions, culminating in a 6½-year peak for sales that were finalized last month," said Lawrence Yun, chief economist for the Realtors. "Moving forward, we expect lower levels of existing home sales, but tight inventory in many markets will continue to push up home prices in the months ahead."
Home prices were up over 12 percent in the nation's top 20 housing markets in July, according to a report this week from S&P/Case-Shiller. While the price gains are moderating, the jumps make it increasingly difficult for first-time home buyers to get into the housing market.
(Read more: Forget easing prices, new homes are up, up, up)
Another report on sales of newly built homes in August showed an increase from July, but the pace is still the second lowest of the year. The markets for both new and existing homes have been constrained by very low inventory and still tight credit. Neither are expected to ease in the near future.
(Read more: Real estate's new frontier: Crowdfunding)
The Northeast was the only region to see an increase in pending home sales, up 4 percent month-to month. Sales declined 1.4 percent in the Midwest, fell 3.5 percent in the South and fell 1.6 percent in the West. The Realtors are predicting total existing home sales to be up about 11 percent in 2013 to 5.2 million homes sold but expect little change from that pace in 2014.
—By CNBC's Diana Olick. Follow her on Twitter @Diana_Olick.