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California tenants could face tax bill for subsidized housing

Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year. ....

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As housing costs soar, homebuilders develop houses for rent

Home builders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. ....

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A Hurricane Ida unknown: The economic impact

A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the region. ....

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Stocks fall after Kabul bombing; traders also wait for Fed

Declines were widespread Thursday, with 10 of the 11 sectors in the Standard & Poor's 500 index closing lower. ....

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The world's supply chain problem keeps getting worse

A supply chain crunch that was meant to be temporary now looks like lasting well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy. ....

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