A cashier, left, returns cash to a customer at a Vineyard Vines store in Illinois. Daniel Acker | Bloomberg | fake pictures US consumers increased their spending by a strong 8.2% in May, partially erasing the record for the past two months, in the context of an economy that is …
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A woman passes by the United States Capitol building in Washington on June 25, 2020. Al Drego | Reuters After declining for three weeks, the number of borrowers who deferred their monthly mortgage payments due to the coronavirus increased once again. The number of active tolerance plans increased by 79,000 …
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A Dana assembly technician wears a face mask while assembling axles for automakers, as the auto industry begins to reopen amid the outbreak of coronavirus disease (COVID-19), at the Dana plant in Toledo, Ohio, May 18, 2020. Rebecca Cook | Reuters The US economy USA It contracted at a rate …
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Unemployment claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those who received benefits fell below 20 million for the first time in two months. Economists surveyed by Dow Jones expected 1.35 million claims. While the weekly figures remained high and were …
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Mortgage rates held at a record low last week, but the demand for refinancing fell back anyway. That, in addition to a brief respite from the surprisingly strong demand from home buyers, caused the total volume of mortgage applications to drop 8.7% on a seasonally-adjusted basis from the previous week, …
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