Shell Oil Refinery at Pulau Bukom off Singapore on July 16, 2020. Roslan Rahman / Agence France-Presse / Getty Images European stocks traded lower on Thursday on the busiest day of the second-quarter earnings season, with growing concerns about a slow economic recovery and a possible second wave of the …
Read More »Existing home sales rebounded sharply in June from the lows fueled by the pandemic, but will the recovery be sustainable in the long term?
The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
Read More »The dollar was hit in the mouth on Tuesday and its forecast is weak, experts say.
The US dollar is taking a beating on Wall Street, measured by a popular index. The blame is partly on the revival of the EURUSD euro, -0.01% as European leaders forged a historic fiscal pact to lift the eurozone economy out of the coronavirus pandemic that has brought much of …
Read More »The proportion of Americans who default on their mortgage payments falls to the lowest level in two months.
Fewer Americans now have agreements with their mortgage servicers to skip their monthly payments. Getty Images / iStockphoto Fewer than 4 million homeowners in the US skip their mortgage payments, according to new estimates by the Mortgage Bankers Association released Monday. The business group reported that only 7.8% of mortgage …
Read More »Here is the good and bad news about China’s GDP data
This photo taken on July 12, 2020 shows residents standing in front of a flooded pavilion on the Yangtze River in Wuhan in China’s central Hubei province. – Various parts of China have been hit by continuous downpours since June, with the damage adding pressure to a home economy already …
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