Tag Archives: soar

Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance ‘I will continue happily shopping there forever’: Costco customers react to retailer’s new $ 16 minimum wage Some 180,000 U.S.-based Costco employees will begin earning $ 16 an hour starting next week, the warehouse retailer’s CEO announced Thursday. We put …

GameStop Corp.’s stock movement continued to turn efficient market theory on its head Wednesday, streaking to a record that valued the retail chain at more than $ 24 billion. GameStop GME, +134.84% shares rose as much as 157% to an intraday high of $ 380 Wednesday and closed up 135% …

Mortgage origination volume is expected to hit a whopping $ 4 trillion for the first time ever. The historically low-interest-rate environment has caused a boon in refinances and purchases, pushing Fannie Mae’s economists to up their predictions for 2020. While refinances are leading the way currently, the purchase market is …

The number of global cases of the coronavirus that causes COVID-19 climbed above half a million on Thursday, and U.S. jobless claims soared to a historic level after workers were laid off or furloughed as non-essential services were ordered to close. The number of Americans who applied for unemployment benefits …

The numbers: Builders started construction on new homes in the U.S. at a pace of 1.57 million in January, the Commerce Department said Wednesday. This represented a 3.6% decrease from a revised 1.63 million in December, but was 21.4% higher than a year ago. Permitting activity, however, hit yet another …