The numbers: Activities at home build an important turnaround from the decay of the coronavirus. U.S. homebuilders began building homes at an annual adjusted annual rate of $ 1,496 million in July, up 22.6% from the previous month and 23.4% from a year ago, the U.S. Census Bureau reported Tuesday. …
Read More »Amazon is betting on office work with expansion in big cities
Amazon.com Inc. expands its physical offices into six U.S. cities and adds thousands of business jobs in those areas, an indication that the tech giant is making long-term plans for office work, even if other businesses include continued remote employment. Amazon is preparing to add 3,500 business jobs across hubs …
Read More »New York City is “forever dead,” according to one proud New Yorker
Not according to James Altucher, a best-selling author and former hedge-fund manager, who says New York City is “dead forever” because its residents face the reality of the coronavirus pandemic and what it means. for the fate of the Great Apple. ‘I love NYC. When I first moved to NYC, …
Read More »A story of two $ 2 billion Chinese IPOs leading in very different directions
KE Holdings Inc. became China’s first public offering to raise $ 2 billion from a U.S. listing since iQiyi Inc. on Thursday, when its share saw 87% close. Less than an hour later, iQiyi gave a stark reminder of the rocky path many young Chinese stocks have taken on U.S. …
Read More »Refinancing your mortgage will cost you more thanks to a new fee from Fannie Mae and Freddie Mac
If you are in the process of refinancing your mortgage, you may end up paying more than you expected. Fannie Mae FNMA, + 1.42% and Freddie Mac FMCC, + 1.67% announced Wednesday night that they will now charge a 0.5% negative market fee on all refinances, including both cash-out and …
Read More »