It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics.Financeread more
Workers in the gig economy could get short changed when it comes to their Social Security checks in retirement. That's because the growing ranks of people who earn money on...Personal Financeread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
The possible plan would involve the Rays splitting home games between Florida and Montreal.Sportsread more
Moore's entry into the 2020 race is worrisome for the GOP, which sees the race as its best chance to pick up a Senate seat next year.Politicsread more
For doubters thinking the rally is just a last gasp of the decadelong bull market, chart analysts are here to prove them wrong.Marketsread more
British housebuilder Redrow said on Tuesday demand for new homes was proving "robust" in the face of Britain's planned exit from the European Union, after it posted better-than-expected 21 percent growth in full-year pre-tax profit.
The demand for new homes was driven by a competitive mortgage market and the government's "Help to Buy" scheme, aimed at boosting home ownership among first-time buyers, Redrow said.
"There is no doubt that clarity over Brexit and the future of Help to Buy would improve market sentiment," Chairman Steve Morgan said, amid media reports that the Help to Buy scheme could be shelved because of fears it is pushing up house prices.
While there are signs of a slowdown at the top of the UK housing market, Redrow and other new-home builders have also been propped up by low interest rates.
Redrow's profit jump comes as Britain's real estate market deals with Brexit uncertainty and inflation eroding house prices. The possibility of Britain crashing out of the European Union without a deal has exacerbated problems.
Redrow, which constructs homes in England and Wales, said pre-tax profit rose to 380 million pounds ($488.34 million) in the year ended June, from 315 million pounds a year earlier.
Analysts expected full-year pre-tax profit of 360.78 million pounds, according to Thomson Reuters I/B/E/S.
Redrow, which was founded in 1974 in North Wales as a small civil engineering business, said it had started the current year with an order book of 1.14 billion pounds, 110 million pounds higher than a year earlier.