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Economy

“Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion”

“For the first time in the history of the United States, the federal government has spent more than $3 trillion in the first eight months of the fiscal year, according to the Monthly Treasury Statement released today. The record $3,013,541,000,000 that… Continue Reading…

Business

“Microsoft hits $1 trillion market cap after earnings beat estimates”

“Microsoft shares are trading near a record after rallying 34% over the past year. The stock climbed past $130.50 in extended trading, pushing the market cap over $1 trillion. Sales jumped 14% in the latest quarter, driven by the company’s… Continue Reading…

Banking, Business

“Small Business Loan Approvals At Big Banks Hit New High…”

“The approval percentage for small business loan applicants hit a record high of 27.3% at big banks ($10 billion+ in assets) in March, up one-tenth of a percent from February, according to the latest Biz2Credit Small Business Lending Index™. Approvals… Continue Reading…

Economy

“Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus”

” The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W.… Continue Reading…

Economy, Real Estate

“Trump Tax Reform Hits Home in Wealthy New York Suburbs”

“…Nearly 11 million taxpayers will be affected by the new cap on so-called SALT deductions on the taxes they file this year, and could lose out on a cumulative $323 billion, according to a February estimate from the U.S. Treasury… Continue Reading…

Economy, Real Estate

“Average U.S. mortgage size hits record-high $354,500 -MBA”

“The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers… Continue Reading…