Business

Fuel Costs Ease, US Airline Profits Soar

Passengers check in at the American Airlines counter at Miami International Airport in Miami on May 27, 2014. American Airlines reports quarterly financial results on Thursday, Oct. 23, 2014. (AP Photo/Alan Diaz)
Passengers check in at the American Airlines counter at Miami International Airport in Miami on May 27, 2014. American Airlines reports quarterly financial results on Thursday, Oct. 23, 2014. (AP Photo/Alan Diaz)

DALLAS—Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don’t expect fares to fall too. Heading into the busy holiday-travel...


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    Stocks Rally; S&P 500 Has Best Day of 2014

    NEW YORK—The U.S. stock market marched higher Tuesday, giving the Standard & Poor’s 500 index its best day of the year. Investors rallied behind an... Read more

  • In this Oct. 8, 2014 photo, a man walks to work on Wall Street, near the New York Stock Exchange, in New York. Stocks are opening higher Tuesday, Oct. 21, 2014 after several big companies reported results that pleased investors. (AP Photo/Mark Lennihan)

    Wall Street Stocks Up in Early Trading

    NEW YORK—Stocks are opening higher after several big companies reported results that pleased investors. Apple and Harley-Davidson both rose after releasing their latest quarterly figures... Read more

  • In this Oct. 2, 2014 photo, people pass the New York Stock Exchange, in New York. Stocks are opening mostly lower Monday, Oct. 20, 2014, as traders look over some disappointing corporate results. (AP Photo/Richard Drew)

    Global Stock Markets Welcome News of China Economy

    LONDON—European stocks rebounded Tuesday after figures showed China’s economic growth slowed less than feared. U.S. shares were poised to make further gains at the open... Read more

  • People are reflected on the electronic board of a securities firm in Tokyo, Monday, Oct. 20, 2014. Asian stock markets rose Monday, led by a 3 percent surge in Japan, as nerves about the outlook for the world economy steadied after big gains on Wall Street. (AP Photo/Koji Sasahara)

    Asia Markets Surge, Europe Stocks Fall

    Global stock markets remained volatile Monday as European indexes failed to pick up Asia’s baton and posted more big falls. Wall Street was also poised... Read more

  • A trader works on the floor of the New York Stock Exchange before the closing bell on Oct. 17, 2014, in New York City. The Dow Jones Industrial Average rose 263.17 points, or 1.63 percent, following six consecutive days of loses. (Bryan Thomas/Getty Images)

    What’s Happening in Global Markets This Month in a Nutshell

    What a difference a month makes. On Sept. 18, the U.S. stock market reached a record high after a mostly uneventful summer. Long-term interest rates... Read more

  • Peter Schiff, CEO of Euro Pacific Capital, talks to Epoch Times, Mar. 6, 2014. (Seth Hirsch/NTD Television)

    Peter Schiff Sees Dark Days Ahead for US Economy

    TORONTO—Peter Schiff is a noted contrarian. He believes the U.S. is in a worse position than growth-challenged Europe since quantitative easing did not work and... Read more

  • Specialists Robert Tuccillo (L) and Frank Masiello work on the floor of the New York Stock Exchange on Oct. 15, 2014. The market took investors on a wild ride this week. In fact, at one point on Wednesday, the Dow Jones industrial average plummeted 460 points, but pared most of those losses by the end of the trading day. Investors are now wondering what's next for the market. (AP Photo/Richard Drew)

    What’s Next After Wild Week for Stock Market?

    NEW YORK—The stock market needs to see a therapist. Temperamental, flighty, prone to violent mood swings, the market took investors on a wild ride this... Read more

  • Homes under renovation in Philadelphia. (Courtesy of MCG)

    Fixing Up the Subprime Mess

    During the subprime mortgage crisis and a massive overstock of unused homes, former Fed Chairman Alan Greenspan had a good idea: He said the low... Read more

  • In this Thursday, July 3, 2014, file photo, specialist Jay Woods is reflected in a screen at his post that shows five years of the Dow Jones industrial average, on the floor of the New York Stock Exchange. History shows higher interest rates don’t always upend stocks. The Fed is set to end its bond purchases in October and most economists expect the first short-term rate hike by mid-2015. These early increases, analysts say, are unlikely to derail the current bull market for stocks, because the Fed is raising rates in response to a growing economy. (AP Photo/Richard Drew, File)

    Stocks Open Higher, Possibly Ending Multi-Day Slide

    Stocks are rising in early trading as investors welcome some good news on corporate earnings. General Electric and Morgan Stanley each rose 3 percent in... Read more

  • There is a new kid on the block: the phone-tablet or phablet. (Shutterstock*)

    The Trouble With Tablets

    As Samsung and Apple release their new gadgets for the fall, a new trend is starting to take shape. First of all, tablet sales are... Read more

  • Welders fabricate anchor bolts for roads and bridges at the custom manufacture Fox Company Inc., in Philadelphia, on July 16, 2014. Beyond the turmoil shaking financial markets, the US economy remains sturdier than many seem to fear. (AP Photo/Matt Rourke)

    US Stands Strong Despite Fear Over Global Economy Slowdown

    WASHINGTON—Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear. The Dow Jones industrial average has lost 874 points... Read more

  • A currency trader walks by a screen showing foreign currency rates at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Thursday, Oct. 16, 2014. Asian stock markets sank Thursday after a torrid session on Wall Street triggered by jitters the recovery in the world's No. 1 economy is weakening. (AP Photo/Lee Jin-man)

    Wall Street Stocks Continue Falling in Early Trading

    U.S. stocks opened sharply lower Thursday, following declines in European markets and extending losses from a wild market swing the day before. The decline comes... Read more

  • Brett Immel, senior partner at Growth Equity Group, at the World MoneyShow in Toronto on Oct. 17, 2014. (Epoch Times)

    Getting Back to Basics in US Real Estate Investing

    TORONTO—Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging... Read more

  • A single family home in Toronto, one of the three cities, along with Calgary and Vancouver, that make it seem as though Canada's housing market is overvalued. (Epoch Times)

    Canada’s Housing ‘Dual Market’ Poses Difficult Policymaker Challenge

    Canada’s housing market has cooled off slightly from this summer, but regional disparities make one-size-fits-all approaches to controlling it difficult. The Canadian Real Estate Association... Read more

  • Roger Federer of Switzerland returns a shot during his final match against Gilles Simon of France during the day 8 of the Shanghai Rolex Masters at the Qi Zhong Tennis Centre, Shanghai, China on Oct 12.  (Zhong Zhi/Getty Images)

    Federer Wins the Shanghai Masters

    SHANGHAI—Tennis fans around the world witnessed some spectacular tennis at the ATP Shanghai Rolex Masters. Eighteen players from the world top 20 were in the... Read more

  • Chinese Premier Li Keqiang speaks at a news conference with German Chancellor Angela Merkel during German-Chinese government consultations on Oct. 10, 2014 in Berlin, Germany. Premier Li has reiterated the support of the Chinese authorities for “one country two systems” policy in Hong Kong. (Adam Berry/Getty Images)

    Chinese State-run Media Mum on China Premier Li Keqiang’s Views on Hong Kong Pro-Democracy Umbrella Movement

    While Chinese Premier Li Keqiang was on a three-day visit to Germany, he made a significant statement about the political situation in Hong Kong. Somehow... Read more

  • In2ition: (L-R) Liana Pronio, Director of Sales, Lysha DeFreitas, Director of Operations, Jackie Pezer-Lilic, Director of Design Services, Debbie Cosic, CEO & Founder, Vesna Sola, Director of Sales.

    In2ition: Powerful Women of Canadian Real Estate

    Real estate is an industry where Canadian women have carved out a strong presence. Traditionally, female consumers have made the final decision on home choice,... Read more

  • Women of Baker Real Estate: (L-R) Krista Jackson, Barbara Lawlor (President), Kathy Grant, Kimberly Crescini.

    Baker Real Estate: Successful Women in Toronto Real Estate

    Great leaders create a culture of success in their organizations. In Canada, many of our corporate leaders are men. What kind of environment do successful... Read more

  • To be a successful real estate investor, you need a clear idea of the right strategies and objectives that are appropriate for your situation. (Fotolia)

    Six Considerations Before Starting to Invest in Real Estate

    Before you dive headfirst into real estate investing, there are a number of things you need to think about. Real estate investing is not just... Read more

  • What if subprime mortgages made a comeback?

    The United States subprime mortgage crisis was an extraordinary event that coincided with the recession in 2007. The catastrophic results triggered a significant decline in... Read more

  • In this file photo, Alicia Glen, MayorBill de Blasio's pick for Deputy Mayor for Housing and Economic Development, speaks to reporters in Brooklyn, New York, Monday Dec. 23, 2013. (Shenghua Sung)

    Brooklyn Front and Center in NYC’s Housing Strategy

    NEW YORK—Since Downtown Brooklyn was rezoned a decade ago, the ripple effect of the entrepreneurial spirit that flooded into the borough has turned Brooklyn into... Read more

  • (L–R) General Sales Manager Deirdre O’Connell, Flushing Sales Manager Donna Rubertone, President and CEO Patricia J. Petersen, and COO Tom Calabrese of Daniel Gale Sotheby’s International Realty cut the ribbon on their first Queens office in Flushing, Sept. 5, 2014. (Courtesy of Daniel Gale Sotheby’s International Realty)

    Luxury Brokerage Expands Into Queens

    Last week, Daniel Gale Sotheby’s International Realty officially opened its first Queens office in Flushing to target the most diverse of communities in the city.“We’ve... Read more

  • Houses become more affordable when mortgage rates fall. (Epoch Times)

    BMO Offers 2.99% 5-Year Fixed-Rate Mortgage Again

    TORONTO—The Bank of Montreal has slashed its five-year fixed mortgage rate to 2.99 percent, a level that had previously raised concerns that it may lead... Read more

  • A condominium complex is under construction west of downtown Toronto. CMHC expects condominium starts to decline over the near term. (Epoch Times)

    Canadian Housing Starts Lower Than Expectations in August

    OTTAWA—The annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and... Read more

  • Mishelle Farer, an avid user of Airbnb, in her apartment where she rents a room on Airbnb, in New York on Oct. 10, 2013. (AP Photo/Seth Wenig, File)

    Breaking Down the Labyrinth of Tax Laws for New York Vacation Home Owners

    Room sharing, room renting, and vacation home rentals have become very popular, garnering significant attention recently.Leading websites such as HomeAway.com and VRBO.com each list over... Read more

  • Podium of 488 University, by CORE Architects. (Amexon)

    488 University Luxury Condo to Rise Above Distinguished Toronto Avenue

    This week, Amexon launched 488 University, a 55-storey mixed-use building at the corner of University Ave. and Dundas St. West.  This type of development may be... Read more

  • The Little Tokyo Service Center's headquarters are at Casa Heiwa, an affordable housing project in downtown Los Angeles. Aug. 19, 2014. (Eric Zhang/Epoch Times)

    Group Fights for Affordable Housing in LA

    LOS ANGELES—The average Los Angeles resident spends nearly half of his income on rent, higher than anywhere else in the U.S. The city also has... Read more

  • Canada’s Housing Market Gains Strength as Mortgage Rates Stay Low

    Canada’s housing market is akin to a snowball gaining in size as it rolls downhill pushed by ongoing low mortgage rates, but it’s not in... Read more

  • This property in Ottawa is an example of one that was recently closed and will be used for a rent to own. (Innovalty Investments)

    Rent-to-Own as a Successful Real Estate Investment Strategy

    A popular type of real estate investment strategy is what is known as “rent-to-own” investing, or “lease option” investing. I will use the term “rent-to-own”... Read more

  • Renderings of 50 West in downtown Manhattan. (DBox)

    Downtown Tower Draws Families Across Manhattan

    The 64-story curved-glass 50 West tower has officially opened sales to the public, after a quiet phase during which 30 percent of the 191 units... Read more

  • Report: Oversight Lacking in NYC Payroll Project

    NEW YORK—Investigators say poor oversight allowed a New York City payroll-technology project to spiral into a $700 million tangle of contractor fraud, budget overruns and... Read more

  • A rendering of the finished 7 million square-feet Manhattan West development. (Courtesy of Brookfield Properties)

    Manhattan’s Far West Taking Shape

    Manhattan’s far west side, once a strip of ports and rail yards, has been reclaiming underutilized land for upscale development in recent years. And none... Read more


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