Gregory Schmidt

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 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.

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.

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

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

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

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

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

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.