Economy
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Weekly mortgage demand falls, but size of average homebuyer loan hits record
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul…
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Tilman Fertitta optimistic on U.S. economy post-Covid: ‘This is going to be the Roaring Twenties’
Billionaire restaurateur and casino operator Tilman Fertitta told CNBC on Tuesday he expects strong consumer spending to fuel the U.S.…
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November home prices rose 9.5%, one of the highest gains on record, Case-Shiller says
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian,…
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Jobless claims show modest decline as Congress works on more stimulus
Americans continued to hit the unemployment line in large numbers as the ongoing surge of Covid cases added to America’s…
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Jobless claims surge to highest weekly total since August
First-time claims for unemployment insurance jumped to 965,000 last week amid signs of a slowdown in hiring due to pandemic…
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The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge,…
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Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a…
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Americans spent a record online over 2020 holidays, and more e-commerce gains are expected
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on…
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Economy sees job loss in December for the first time since April as surging virus takes toll
Job creation came to a halt in December as restrictions brought on by surging Covid-19 cases hammered virus-sensitive industries, particularly…
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Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says
Private payrolls in December contracted for the first time since the early days of the coronavirus pandemic, according to a…
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