Monthly Archives: July 2020

New home sales peaked at almost 13 years in June

Housing appears to be on the way to a V-shaped recovery after the pandemic closings in April. New home sales peaked at nearly 13 years in June when 776,000 new single-family homes were sold, according to the Census Bureau. That marked the most since July 2007 on a seasonally-adjusted basis. …

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American Express profits fall 85% as coronavirus reduces spending

Spending by JPMorgan credit card users has been significantly reduced. Lauren Simonetti of FOX Business with more. American Express profits plunged 85 percent in the three months through June, as customers cut expenses while hiding in their homes during the COVID-19 blockades. The New York-based financial services company earned $ …

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