And it was put to the CEOs of Amazon (AMZN), Apple (AAPL), Facebook (full board) and Google (GOOGL) by Rep. Greg Steube, more than four hours after Wednesday’s five-and-a-half-hour congressional antitrust hearing. The responses were somewhat varied. “I don’t know of specific cases where the government has robbed us,” said …
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The Bureau of Economic Analysis will report how bad the second quarter was on Thursday, in its first estimate of gross domestic product, the economy’s most comprehensive measure. Economists surveyed by Refinitiv expect an annualized decrease of 34.1% between April and June. That would be the worst contraction since the …
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The company had previously said that most employees would work remotely until the end of 2020, and that some employees could return to the office sooner. But the decision to extend the remote work policy until next year indicates that one of the world’s largest technology companies is preparing for …
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Previously owned home sales rose a record 20.7% from May, the largest monthly increase since NAR began tracking in 1968. “Record low mortgage rates are certainly helping to attract buyers to the market,” said Lawrence Yun, chief economist at NAR. “But inventory levels are declining, which could create a bottleneck …
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The average 30-year fixed-rate mortgage fell to a record low of 2.98% last week, according to Freddie Mac. That’s the lowest level in the mortgage giant’s nearly 50-year survey. The 15-year fixed-rate mortgage fell to 2.48%. The average rate for a 30-year fixed-rate mortgage fell below last week’s record low …
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