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Real Estate

“Mortgage refinance boom takes hold, as weekly demand surges 20%”

“Applications to refinance a home loan surged 20% last week compared with the previous week. This as the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.13% from 6.15% The refinance… Continue Reading…

Economy

“Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market”

“…First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the Labor Department said Thursday. The report comes… Continue Reading…

Real Estate

“Weekly mortgage demand surges 11% as more homes hit the spring market”

“…Mortgage applications to purchase a home increased 11% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was still 8% lower than the same week one year ago. The average contract interest… Continue Reading…

Business, Stocks

“Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain”

“Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media Technology Group. Austin-based Phunware is an… Continue Reading…

Economy

“Weekly jobless claims total hits new pandemic-era low of 364,000”

“Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday. First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate.… Continue Reading…

Economy

“Weekly jobless claims tumble to lowest level in more than a year”

“First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S. economy, the Labor Department reported Thursday. Claims totaled 684,000 for the week ended March 20, the first time the number… Continue Reading…

Stocks

“GameStop Shares Drop, Extending 80% Slump From Last Week”

“The stock fell as much 4.7% to $60.77 at 10:40 a.m. in New York trading, after whipsawing between gains and losses earlier. It slumped 80% last week, a drop that followed three weeks of dizzying gains. Robinhood Markets Inc.’s move… Continue Reading…

Economy

“U.S. weekly jobless claims rise for a second straight week, total 1.434 million”

“The number of Americans who filed new claims for unemployment benefits last week totaled 1.434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to ravage the U.S. economy.  It was the 19th straight… Continue Reading…

Economy

“Weekly claims turn higher… jobs crisis inflicts more damage”

“The number of Americans who filed for unemployment benefits rose more than expected last week… The Labor Department said Thursday initial jobless claims came in at 1.416 million for the week ending July 18. Economists polled by Dow Jones expected… Continue Reading…

Economy

“Weekly jobless claims total 2.981 million, bringing… tally to 36.5 million”

“New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new… Continue Reading…