Chicago’s Full Business News Useful Resource

U.S. new-home gross sales decreased 2% to an annual rate of 772,000 in February, the federal government said Wednesday. That determine represents the number of houses that may be offered over a yearlong time frame if the identical number of properties had been purchased each month primarily based on the rate of sales in February. Economists polled by MarketWatch anticipated new-home sales in February to drop to an annual fee of 805,000. Oil prices inched lower on Friday as supply issues eased as countries in the European Union remained cut up on imposing an oil embargo on Russia whereas the United States and allies considered releasing extra oil from storage to chill markets.

Catch up and prep for the week ahead with this text of crucial business insights, delivered Sundays. Sharell Macklin’s finances are in first rate shape, however she is able to take a monetary danger to speculate her …