Gregory Schmidt

The British luxury group appointed Joshua Schulman to replace Jonathan Akeroyd, and said it expected earnings to suffer as an industry downturn deepened.

As the economy cools, pressure is building on the Bank of England to cut interest rates.

The oldest members of Generation X are several years from stopping work, but some are already seeking homes that will suit their later years.

As owners remain reluctant to put their properties on the market, developers are rushing to build new homes to meet demand.

Gregory Schmidt is a Times business editor overseeing coverage of the European economy. He is based in London.

Economists say loan rates are affected by a complicated combination of factors, but there are tactics consumers can use to land a lower rate.

The average 30-year fixed-rate mortgage has climbed above 7 percent, making it harder for buyers to afford homes, which are already in short supply.

The pandemic accelerated a transition to cashless payments, forcing a reckoning among small-business owners. But there are benefits: An owner said one cashless system saved her $3,000 a month.

Wealthy homeowners who want to avoid attention often try to sell their homes privately. But a tight housing market has led more agents to pursue this tactic.

The cable news network has struggled to weather a series of controversies, which culminated this week in the sudden departure of its chairman, Chris Licht, after a chaotic run at the top.