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Long-term US mortgage rates fell this week, led by the benchmark 30-year rate, which declined for the sixth straight week. Current avg Last week 52-week high 52-week low 30-year fixed 3.78 3.82 4.32 3.42 15-year fixed 3.08 3.12 3.55 2.72 5-year adjustable 3.15 3.14 3.33 2.80 Original Source –... Read more
Global stocks mixed amid Korea jitters
Stocks in Tokyo and South Korea declined for a second day while Europe advanced Tuesday as South Korean warships carried out military exercises amid jitters over North Korea’s weekend nuclear test explosion. KEEPING SCORE: In early trading, Germany’s DAX rose 0.8 percent to 12,201.48 and France’s CAC 40 added... Read more
Gas prices hit a high for the year on Labor Day as the effects of Harvey continued to shut in refineries. As of Monday the nationwide average for a gallon of gas averaged $2.638, according to the AAA. That’s up from $2.45 on Thursday. Exxon Mobil said Sunday it’s... Read more
US adds fewer jobs than expected in August
U.S. job growth slowed in the month of August, according to a report from the Bureau of Labor. Here’s the rundown of the August report released this morning at 8:30 a.m. ET. By the numbers This was a weaker than expected report. In August, the U.S. economy added 156,000... Read more
US job growth slows to 156K; unemployment up to 4.4 pct.
U.S. job growth slowed in August as employers added 156,000 jobs, still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession. The unemployment rate ticked up from 4.3 percent to a still-low 4.4 percent, the Labor... Read more
Wells Fargo is now saying 3.5 million customers were impacted by its fake accounts scandal, a dramatic increase from the 2.1 million accounts it originally estimated. In the weeks and months after the bank acknowledged in September 2016 that its employees opened 2.1 million accounts without getting customers’ permission,... Read more
How insurers are mobilizing to help Harvey victims
The nation’s insurance companies are preparing for an onslaught of claims as Harvey’s toll in Texas comes into focus. Although it’s still too early to assess damage in the region, losses covered by property policies are expected to top $1 billion. Total losses due to continued rains and flooding... Read more
Amazon to close on Whole Foods buyout Monday
Amazon will close its $13.7 billion buyout of Whole Foods Market Inc. on Monday and plans to cut prices on grocery staples. Starting Monday, Whole Foods will offer lower prices on bananas, eggs, salmon, beef, and other products. Looking ahead, the Seattle company hopes to give Amazon Prime members... Read more
Businesses offer stellar specials for total solar eclipse
Even though parts of the U.S. will be in partial darkness thanks to the total solar eclipse on Monday, consumers across the country will be able to score some shining deals both inside and outside of the eclipse’s path of totality. Check out the list of businesses rolling out... Read more
US weekly requests for jobless aid down 12,000 to 232,000
Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows. The Labor Department says that weekly unemployment applications fell by 12,000 to a seasonally-adjusted 232,000. It was the largest decline since mid-July. The less volatile four-week average slipped 500... Read more