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eviction ban

Anger mounts as Biden, Congress allow eviction ban to expire

Anger mounts as Biden, Congress allow eviction ban to expire Via CNBC.com: Anger and frustration mounted in Congress over the weekend as a nationwide eviction moratorium expired during a surge in the Covid-19 pandemic. One Democratic lawmaker even camped outside the Capitol in protest as millions of Americans faced being forced from their homes. Lawmakers said they were blindsided by President Joe Biden’s inaction as the midnight Saturday deadline neared, […]

today08/02/2021 7

Housing boom

Housing boom is over as new home sales fall to pandemic low

Housing boom is over as new home sales fall to pandemic low Via CNBC.com: Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below […]

today07/27/2021 13

trade

China is still falling short of meeting an agreement to reduce its U.S. trade surplus

China is still falling short of meeting an agreement to reduce its U.S. trade surplus Via CNBC.com: China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic and under former U.S. President Donald Trump, China agreed […]

today07/27/2021 5

eviction moratorium

Federal court unanimously rules the CDC’s eviction moratorium is unlawful

Federal court unanimously rules the CDC's eviction moratorium is unlawful Via Just The News: The U.S. Sixth Circuit Court of Appeals unanimously ruled Friday the Centers for Disease Control and Prevention overstepped its authority and engaged in federal overreach by issuing an eviction moratorium during the pandemic. The Cincinnati-based federal court agreed with a lower court ruling, which had called the moratorium on evictions unlawful, according to The Epoch Times. "It is […]

today07/26/2021 4

cost of living

New poll shows nearly 9/10 voters worried about rising cost of living, inflation

New poll shows nearly 9/10 voters worried about rising cost of living, inflation Via Just The News: Eighty-eight percent of voters are either "somewhat" or "extremely" worried about the rising costs of living in the U.S., according to a new poll by the conservative advocacy group American Action Network. The poll was released as Republicans try to make increasing consumer prices a midterm issue for Democrats, who control Congress and the White House. It also […]

today07/22/2021 22

Yellen

Treasury Secretary Yellen sees ‘several more months of rapid inflation’ before easing

Treasury Secretary Yellen sees ‘several more months of rapid inflation’ before easing Via CNBC.com: Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time when […]

today07/16/2021 7

Xinjiang

U.S. Senate passes bill to ban all products from China’s Xinjiang

U.S. Senate passes bill to ban all products from China's Xinjiang Via Reuters: The U.S. Senate passed legislation on Wednesday to ban the import of products from China's Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say is an ongoing genocide against Uyghurs and other Muslim groups. The Uyghur Forced Labor Prevention Act would create a "rebuttable presumption" assuming goods manufactured in Xinjiang are […]

today07/15/2021 3

American Airlines

American Airlines shares rise on carrier’s better second-quarter forecast

American Airlines shares rise on carrier’s better second-quarter forecast Via CNBC.com: American Airlines shares rose after the carrier forecast better revenue and a narrower loss than previously estimated for the second quarter, the latest sign that airlines are recovering from the coronavirus pandemic’s toll on travel. The Fort Worth, Texas-based carrier said Tuesday that it expects to post a “slight” pretax profit for the second quarter. It said it will […]

today07/14/2021 12

Wells Fargo

Wells Fargo tells customers it’s shuttering all personal lines of credit

Wells Fargo tells customers it’s shuttering all personal lines of credit Via CNBC.com: Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer letters reviewed by CNBC. The revolving credit lines, which typically let users borrow $3,000 to $100,000, were […]

today07/09/2021 29

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