For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. Purchase activity was higher […]
Summary List Placement Sen. Joe Manchin of West Virginia on Tuesday said he was open to backing a party-line infrastructure bill. It’s one of the clearest signs yet that Democrats could pivot to approving much of President Joe Biden’s spending plans without GOP support. The influential Democratic centrist told NBC News that “human infrastructure” should […]
Summary List PlacementTable of Contents: Masthead Sticky Today is the last day of Amazon Prime Day 2021 but there are still plenty of discounts to be had across home, tech, and other categories. For the latter, that includes all kinds of school supplies. If you’re a teacher, or someone looking to gift an educator […]
Summary List Placement Sen. Elizabeth Warren of Massachusetts is responsible for holding up James Kvaal’s nomination for under secretary of education, a source familiar with the matter confirmed to Insider. Kvaal, the former president of the nonprofit Institute of College Access and Success, was nominated for the number three position at the Education Department in February, […]
The forbearance rate is officially below 4% for the first time in a year. Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. In addition to last week’s drop, every […]
Summary List Placement Americans received $600 weekly unemployment benefits under the CARES Act in March, but the Office of the Inspector General (OIG) found in May that a portion of those funds fell into the wrong hands due to failures in detecting fraud. Mississippi just affirmed those findings on a statewide level — with a […]
Crazy. Horrible. Grueling. These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin reported earlier this month that the national median […]
Summary List Placement Student-loan payments have been on pause for the duration of the pandemic, providing significant financial relief to borrowers. But the pause is set to lift in October, and some Democrats want to ensure borrowers are as prepared as possible. On Monday, Sens. Elizabeth Warren of Massachusetts, Ed Markey of Massachusetts, and Tina […]
Summary List Placement I wrote last week about the pressures facing Amazon as it tries to hire workers and expand rapidly in a tight labor market. It’s a hard task. The company is almost certainly going to need to raise wages and rethink its approach to employment in an attempt to become more of a […]
Summary List Placement Millions of Americans are behind on rent payments and will soon have to confront their back rent once the nationwide eviction ban expires at the end of June. But for low-income Californians, financial rental relief could be on the horizon. Last month, California Gov. Gavin Newsom announced plans to pay off 100% […]
Summary List Placement A bipartisan gang of 21 lawmakers is in fluid negotiations over a $1 trillion infrastructure plan, with the crucial difference being how to pay for some of it. Some moderate Democrats in the group are leaning in a certain direction on revenue: strengthening the IRS’ ability to pursue tax evaders. A pair […]
Las Vegas Raiders defensive end Carl Nassib on Monday became the first active NFL player to come out as gay. Nassib, who is entering his sixth NFL season and second with the Raiders, announced the news on Instagram, saying he wasn’t doing it for the attention but because he felt representation and visibility were […]
Summary List Placement Hotel workers are quitting their jobs for better pay during the US labor shortage, making recruitment a huge challenge, the owner of a New York City told Fox Business. “Hiring has been incredibly challenging,” Michael Achenbaum, founder and president of Gansevoort Hotel Group, which owns a 186-room room in NYC’s Meatpacking district, […]
Today, the U.S. Department of Education (Department) announced additional details about the first installment of its Equity Summit Series, to be held virtually on Tuesday, June 22nd. The program will feature welcome remarks prerecorded by First Lady Jill Biden, participation from U.S. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: Website […]
Hollywood actress Angelina Jolie has visited war-weakened Burkina Faso to show solidarity with people who continue to welcome the displaced, despite grappling with their own insecurity, and said the world isn’t doing enough to help. “The humanitarian crisis in the Sahel seems to me to be totally neglected. It is treated as being of […]
Summary List Placement Fast-food chains are pushing up wages amid the current labor shortage – and factories are struggling to raise theirs as quickly, which is one of the reasons a stream of workers is leaving the manufacturing industry, according to a report by The Wall Street Journal. Factories have historically offered better wages than […]
Summary List Placement Hotels are scrambling to find perks to both recruit and retain employees amid a US labor shortage that’s causing some businesses to cut operating hours, slash production, and raise prices. Some hotels are offering long-term perks, such as expanded healthcare access and higher wages, while others are turning to one-off quick fixes, […]
Though the number of high-quality refi candidates grew from 12 to more than 14 million from March through May — a 15% increase — actual refinance rate locks dropped by 27% over the same period, according to recent data from Black Knight’s Originations Market Monitor. Month over month, overall rate lock volume was down 4.7% […]
Summary List Placement On the surface, the labor market hasn’t been making much sense. Take April for example: Ten million Americans were unemployed, even though nearly that same number of jobs were open (9.3 million, a record high). That same month, hiring slowed to a crawl and 4 million more people quit their jobs (another […]
Summary List Placement White House Press Secretary Jen Psaki pushed back against a gas tax proposal under consideration in the Senate, as she argued that ramping up IRS enforcement would net more revenue. At a Monday press conference, Psaki said the administration had projected that the bipartisan group’s planned gas tax measure would raise around […]
Summary List Placement US News & World Report ranks Stanford Law School (SLS) second in the nation, making it a prime target for aspiring attorneys. If you’re applying to this Palo Alto-based graduate school, then you’ll need more than the standard application advice to turn heads. After all, less than 10% of applicants are accepted […]
Summary List Placement Are you a millennial who earns six figures and still feels broke? Then you might be a “Henry,” short for “high earner, not rich yet.” Melkorka Licea first reported on the Henry millennial for the New York Post. The acronym, invented by Shawn Tully in a 2003 Fortune magazine article, has come […]
Summary List Placement A vandalized property in Colorado Springs, Colorado, that the realtor called a “slice of hell” is set to sell above asking price, just five days after it was put on the market, The Denver Post first reported. The five-bed home in the Broadmoor Bluffs Estates neighborhood was listed on Tuesday for $590,000. […]
Summary List Placement The US economic rebound reached its peak this quarter. From July onward, the story of nationwide recovery will be one of moderation, Bank of America said Friday. The combination of March stimulus, successful vaccine distribution, and swift reopening accelerated the US recovery to an all-out sprint. The economy is on track to […]
Summary List Placement A Texas chicken-restaurant chain has promoted workers in their late teens and early 20s to managerial positions paying more than $50,000 per year because of a staff shortage, its CEO told the Wall Street Journal. Garrett Reed, CEO of Layne’s Chicken Fingers, a fast-food chain with six restaurants across the state, told […]
Summary List Placement Democratic lawmakers are keeping the pressure on President Joe Biden to cancel $50,000 in student debt per borrower. While he has not yet done so, the majority of Americans support an even bigger debt wipeout. A poll released last week from GoBankingRates — a personal finance portal — found that of the […]
Opinion polls have for months suggested most Japanese oppose holding the Olympics. Some medical experts warn the event could lead to coronavirus clusters or spread new variants. But with only a month to go until the Olympic cauldron is lit in Tokyo, organizers remain confident they can safely hold the Games, thanks in part to […]
Summary List Placement Houses are selling quicker than ever before in the US, according to a report by real-estate site Zillow. Newly listed homes nationwide typically took six days to go under contract in May, which was one day shorter than in April, according to the report. Homes in Cincinnati, Kansas City, and Columbus typically […]
Around a third of Japanese now back holding the Olympics, up from just 14 percent last month, a new poll showed Monday, though a majority still prefer cancellation or postponement because of the pandemic. The poll reinforces other recent surveys that suggest opposition to Tokyo 2020 is softening slightly, just over a month before the […]
From a significant disappointment earlier in the month, Jon Rahm of Spain told himself that something good would come from that. It sure didn’t take long for that to unfold for one of the world’s emerging golf stars. Rahm shot 4-under-par 67 in the final round of the U.S. Open to cap a remarkable turnaround from two weeks […]
A Russian-Estonian film ‘Minsk’ looks at the Belarus government’s crackdown on protesters in August 2020. The movie – all 90 minutes of it – was filmed in one shot and will be released in time for the one-year anniversary of the brutal events. Iryna Solomko has the story, narrated by Anna Rice. Camera: Iryna Solomko details ⇒ BusinessMediaguide.Com portal received […]
Weightlifter Laurel Hubbard will become the first transgender athlete to compete at the Olympics after being selected by New Zealand for the women’s event at the Tokyo Games, a decision set to test the ideal of fair competition in sport. Hubbard will compete in the super-heavyweight 87-kg category, her selection made possible by updated qualifying […]
Summary List Placement Vermont Sen. Bernie Sanders said Sunday that he believes the contents of a bipartisan infrastructure bill are “mostly good,” but said he has concerns over how lawmakers may decide to fund it. Sanders, an Independent, made the comments during an appearance on NBC’s “Meet the Press.” “What is in the bipartisan bill […]
Summary List Placement Wilbur Ross, the commerce secretary under former President Donald Trump, raked in at least $53 million from private companies while working in the administration and earning a taxpayer-funded salary, according to a Huffington Post report. While leading the Department of Commerce, Ross reported making a minimum of $53 million to $127 million […]
Summary List Placement This Father’s Day, there’s a crucial message about gender equality and economics that should be blasted across the country: To recover from the “she-cession” — the recession that has disproportionately hurt women — one of the steps businesses need to take is to treat men as equal caregivers. Amid devastating job losses […]
Summary List Placement US News and World Report ranks New York University (NYU) School of Law sixth in the nation in terms of best law programs. While not an Ivy nor the best school in its region, admissions consultant and former LSAT instructor Joseph Vijay Ingam, who’s helped students get into NYU, Harvard, Stanford, Columbia, […]
Summary List Placement The American Dream has long paired ideals — opportunity, liberty, and equality — with some material items. A TV. A white picket fence. A yard. Material prosperity has been part of the equation ever since the US emerged as an economic superpower after World War II in 1945. When rations and restrictions […]
Summary List Placement Tiina Lee, CEO of Deutsche Bank UK and Ireland, wants investment banking graduates to be in the office five days a week, even as the company adopts a hybrid-working model. “My personal view in terms of grads and interns is that they should want to spend as much time in the office […]
Odicci Alexander became an overnight sensation at the Women’s College World Series. James Madison’s dynamic, endearingly humble pitcher was well-known among die-hard softball fans, but she introduced herself to a national audience by throwing a complete game to help her unseeded squad stun tournament favorite Oklahoma in the opening game earlier this month. She threw […]
Summary List Placement California is facing its worst drought in over four years. Over 37 million people have already been impacted by the “megadrought” and nearly 95% of the state has been classified as experiencing “Severe Drought,” which puts the land in significant danger of wildfires, according to the National Integrated Drought Information System (NIDIS). […]
Summary List Placement Last week, the “New York Times” ran a story about a small menu price increase at a fast-casual food chain. Written by Julie Creswell, the piece began, “Executives at Chipotle said on Tuesday that the fast-food chain had raised menu prices by about 4% to cover the cost of the increased employee […]
Summary List Placement High-earning millennials are feeling broke. Sixty percent of millennials raking in over $100,000 a year say they’re living paycheck to paycheck, according to a new survey by PYMNTS and lending company LendingClub which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that the more than half (54%) Americans […]
Summary List Placement Partisan politics, Congress’ legislative language, and interest group lobbying are about to turn America’s 160 million workers into guinea pigs. We’re all about to be part of a huge study on whether unemployment insurance keeps people out of the labor market. The biggest variable in this 50-state experiment is the new unemployment […]
Summary List Placement You could be the most qualified candidate in a sea of business-school hopefuls — but if you flub critical parts of your application, you’ll most likely get tossed to the side. There are several predictable mistakes candidates make when applying to MBA programs. Kellogg School of Management‘s senior admissions director Renee Cherubin and […]
Every year, Hollywood inevitably comes under criticism for its lack of racial diversity. But another lesser-known yet still pervasive problem also resurfaces: the lack of diversity in skin tone. It happened again with “In the Heights,” a big-budget film based on the musical created by Lin-Manuel Miranda, which was called out this week for its […]