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Sunday, May 22, 2022

Tag: U.S. Economy

Apple chip shortage will end, but U.S.-China supply chain 'train wreck' is coming

Apple chip shortage will end, but U.S.-China supply chain 'train wreck' is coming

November 1, 2021

Apple said on Thursday it lost the equivalent of $6 billion in sales due to chip shortages. The semiconductor shortage has led to calls for more chip production within the … Read More

politicsTechnoloU.S. Economy
Billions in aid still available to struggling renters

Billions in aid still available to struggling renters

October 27, 2021

More than $30 billion in rental assistance still hasn't been spent. What renters need to know about navigating the at-times convoluted and difficult application process. To address the renters' crisis … Read More

HousingU.S. EconomyUnited St
Democrats set to cut free community college, climate program from Biden's economic plan as they trim price tag

Democrats set to cut free community college, climate program from Biden's economic plan as they trim price tag

October 20, 2021

Democrats will likely cut two years of free community college from their sprawling economic plan as they try to lower costs, according to lawmakers. During meetings with congressional Democrats on … Read More

politicsU.S. Economywhite-ho
More than a third of jobless Americans are still long-term unemployed — and without benefits

More than a third of jobless Americans are still long-term unemployed — and without benefits

October 15, 2021

There were 2.7 million people long-term unemployed in September. These people, who've been out of work at least six months, account for 34.5% of all unemployed Americans. The number of … Read More

JobsU.S. EconomyUnemployment
China presses U.S. to cancel tariffs in test of bilateral engagement

China presses U.S. to cancel tariffs in test of bilateral engagement

October 9, 2021

The virtual talks between U.S. Trade Representative Katherine Tai and China's Vice Premier Liu He follow Tai's announcement on Monday that she would seek "frank" talks and hold China to … Read More

BupoliticstradeU.S. Economy
42% of Americans have racked up more credit card debt since Covid-19 began. These tips can help get that under control

42% of Americans have racked up more credit card debt since Covid-19 began. These tips can help get that under control

September 28, 2021

Many Americans have seen their credit card balances balloon amid the Covid-19 pandemic. Carrying those balances from month to month can cost big money in interest over time. If you're … Read More

BanksPersonal fiU.S. Economy
Mortgage rates rose sharply this week – and there could be more increases on the way

Mortgage rates rose sharply this week – and there could be more increases on the way

September 28, 2021

Mortgage rates rose sharply this week, and it could be the beginning of an upward trend. The average rate on the popular 30-year fixed mortgage just crossed back over 3% … Read More

HousingReal estaU.S. Economy
Stronger mortgage demand points to September surge in home sales

Stronger mortgage demand points to September surge in home sales

September 24, 2021

Mortgage applications to purchase a home rose to the highest level since April. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 3.03. … Read More

HousingReal estaU.S. Economy
Weekly mortgage-refinance demand drops as interest rates stall

Weekly mortgage-refinance demand drops as interest rates stall

September 1, 2021

The average rate for 30-year fixed-rate mortgages with conforming loan balances remained unchanged at 3.03% last week. Applications to refinance a home loan dropped 4%. Applications for a mortgage to … Read More

Economic eventshU.S. Economy
Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds

Ending unemployment benefits had little impact on jobs and fueled $2 billion spending cut, study finds

August 23, 2021

States that withdrew from federal unemployment programs in June saw slightly higher job growth through early August relative to states that didn't end benefits, according to a new study. Still, … Read More

economypoliticsU.S. Economy
Weekly mortgage demand hints at return of the first-time homebuyer

Weekly mortgage demand hints at return of the first-time homebuyer

August 11, 2021

A slight increase in mortgage rates did not deter borrowers, especially since rates are still historically low. Mortgage applications to purchase a home rose 2% for the week but were … Read More

HousingReal estaU.S. Economy
The national eviction ban will expire in 2 days. Renters in these states are still protected

The national eviction ban will expire in 2 days. Renters in these states are still protected

July 29, 2021

In a few days, renters across the U.S. will no longer be shielded from eviction. But some states will continue to bar the proceedings. Here's what you need to know. … Read More

HousingReal estaU.S. Economy

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