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The Spring Housing Market Just Lost More Than 200,000 New Listings
The spring housing market is shaping up to be the leanest and most competitive ever.
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Black and Hispanic Women Aren't Sharing in the Job Market Recovery
Employment statistics for women of color were not only more severe when the Covid-19 pandemic began, but are more sluggish in improving.
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Goldman's Hatzius Says Covid Damage on Labor Market Will Last Into 2022, Stimulus Still Needed
“The economy and the labor market are still far away from where they ultimately need to be,” Goldman’s Jan Hatzius told CNBC.
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Fed Chairman Powell Says Economic Reopening Could Cause Inflation to Pick Up Temporarily
Powell said he expects some inflationary pressures in the time ahead but they likely won’t be enough to spur the central bank to hike interest rates.
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Weekly Jobless Claims Rise Less Than Expected Despite Weather Impact
First-time claims for unemployment benefits totaled 750,000 last week, up from 736,000 the week before but below the 750,000 estimate.
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Private Payrolls Growth Well Short of Expectations for February, ADP Says
Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones.
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Mortgage Application Demand Stalls as Interest Rates Surge to Highest Level Since July
Mortgage interest rates rose at the fastest pace last week in over a year, throwing cold water on already cooling demand.
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10% GDP Growth? The U.S. Economy Is on Fire, and Is About to Get Stoked Even More
The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations.
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11 Senate Democrats Push Biden to Include Recurring Checks, Jobless Aid in Next Big Bill
A group of Democrats want sustained direct stimulus checks and unemployment support tied to economic conditions in President Biden’s recovery plan.
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The $7.25 Minimum Wage Can't Pay All the Bills in Any State
Democrats are shelving their plans for a $15 federal minimum wage for now. The current minimum, $7.25, isn’t a living wage for full-time workers in any state.
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Fed Policy Changes Could Be Coming in Response to Bond Market Turmoil, Economists Say
While the Fed may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon.
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Goldman Says Investors Shouldn't Worry About Interest Rates at These Levels
Rising interest rates that shook investors are well short of anything that poses a broader threat to the market, according to Goldman.
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House Passes $1.9 Trillion Covid Relief Bill, Sends It to Senate
House Democrats approved their $1.9 trillion coronavirus relief bill as the party tries to get the rescue package to President Joe Biden.
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House Set to Approve Biden's $1.9 Trillion Stimulus Package, Send Bill to the Senate
Democrats are trying to pass the $1.9 trillion relief bill, which includes direct payments and unemployment benefits, by March 14.
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Personal Income Leaps 10% in January Thanks to Stimulus, But Inflation Still in Check
Personal income saw its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday.
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You Can Now Buy a 3D-Printed Home – Here's a Look Inside
A New York homebuilder has put a 3D-printed home on the market for the first time in the United States, and he is getting a lot of offers.
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Weekly Jobless Claims Drop Sharply But Labor Market Remains Challenged
First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.
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The Fed's System That Allows Banks to Send Money Back and Forth Went Down for Several Hours
The outage impacted multiple Fed services, including its pivotal automated clearinghouse system.
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Weekly Mortgage Application Volume Drops 11% as Rates Spike and Texas Power Outages Hurt Demand
Total mortgage application volume fell 11.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
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December Home Prices Rose 10.4%, the Biggest Gain in 7 Years, Case-Shiller Says
December is usually the slowest month for the housing market, but price gains didn’t slow down one bit in 2020.