NEW YORK (AP) — Stocks are mixed as budget talks grind on in Washington with no resolution in sight. The market has been trading in a narrow range lately as investors try to anticipate the next steps.
WASHINGTON (AP) — Republicans are proposing a "fiscal cliff" plan that revives ideas from failed budget talks with President Barack Obama last year. It calls for raising the eligibility age for Medicare, lowering cost-of-living hikes for Social Security benefits and bringing in $800 billion in higher tax revenue.
WASHINGTON (AP) — U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis. Regulators say the banking industry earned nearly $38 billion in the third quarter, up more than 6 percent from a year earlier.
NEW YORK (AP) — Luxury homebuilder Toll Brothers says its quarterly earnings soared in the latest quarter, fueled by a 48 percent jump in revenues. Toll Brothers says it delivered more homes and its order backlog increased.
WASHINGTON (AP) — A new report indicates that the nation's home prices rose more than 6 percent in October over a year earlier. Core Logic calls it the largest yearly gain since July 2006.