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ABC News – Breaking News, Latest News and Videos

NEW YORK — Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing. With these cuts, Charles Schwab…

ABC News – Breaking News, Latest News and Videos

LOS ANGELES — Sales of previously occupied U.S. homes fell in July to the slowest pace since January, as elevated mortgage rates and a stubbornly low inventory of homes on the market combined to discourage many would-be homebuyers. Existing home…

ABC News – Breaking News, Latest News and Videos

JOHANNESBURG — Russian President Vladimir Putin will be notably absent when Chinese President Xi Jinping and other leaders from the BRICS group of emerging economies start a three-day summit in South Africa on Tuesday. The bloc, consisting of Brazil, Russia,…