According to National Mortgage News, the mortgage rate increases noticeably stifled recent borrower applications, but further growth should slacken right as the typical prime home buying season starts, said Sam Khater, Freddie Mac’s Chief Economist. “While activity remains high, it’s currently on par with early March, prior to the pandemic,” …
Read More »Economic Report: U.K. GDP climbs 6.6% in July, as economy recovers slightly more than half of lost output
Shoppers walk by a discoloured patch of pavement in The Maltings shopping centre in Salisbury, southern England on September 4, 2020 . adrian dennis/Agence France-Presse/Getty Images The U.K. economy expanded by 6.6% in July, for its third consecutive monthly increase, according to data released Friday. The U.K. Office for National …
Read More »Economic Preview: Economists predict U.S. added 1.7 million jobs in July, but admit it’s largely a guess. Here’s what worries them
The U.S. economy probably suffered a steep decline in hiring and job creation in July, but rarely has Wall Street been so flummoxed about the state of the labor market. The resurgence of the coronavirus epidemic in many American states and a potentially big shift in school employment could throw …
Read More »Economic Report: Jobless claims fall to four-month low of 1.31 million in early July, but layoffs still high
The numbers: The number of initial jobless claims fell by almost 100,000 in early July to a four-month low 1.31 million, but the pace of layoffs is still quite high and appears to be bogging down an economic recovery from the coronavirus pandemic. Initial jobless claims, a rough gauge of …
Read More »: Mexico tightens border to U.S. southern states ahead of 4th of July celebrations as coronavirus cases spike
Mexico’s state of Sonora has toughened its border restrictions ahead of a the Fourth of July holiday in the U.S., typically a heavy time of tourism, as cases of coronavirus spike in America. “We are all going to be on alert at this time to prevent them from coming, whether …
Read More »What’s Worth Streaming: ‘Hamilton,’ ‘Baby-Sitters Cub’ and more: Here’s what’s worth streaming in July 2020
With a few notable exceptions (cough cough “Hamilton”), most streaming services are taking a summer programming vacation in July, making it a perfect time for budget-minded subscribers to cut back a bit on expenses without worrying about missing out on buzz-worthy new shows. As this column has previously mentioned, consumers …
Read More »The Best 4th Of July Sales
I know I’m the millionth person to say this to you today, but I can’t believe its July already! Wow!! So crazy how fast that came! I thought I would pop on here today and share some of the big Fourth Of July sales going on this weekend for the …
Read More »Market Extra: Is the stock market closed Friday? For 4th of July, here’s everything investors need to know about trading hours and closures
Independence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday. The New York Stock Exchange and Nasdaq will be shuttered at the conclusion of regular trade Thursday, while the bond market will close an hour early, at 2 p.m. Eastern on Thursday, and …
Read More »How To Decorate for The 4th Of July
Happy July Friends!! The Fourth of July is one holiday that I feel like always sneaks up on me. So I wanted to share a few of my tips for simple ways to decorate for the 4th of July. I truly feel like you don’t need to go overboard to …
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