U.S. Weekly Jobless Claims Unexpectedly Show Slight Decline

A day ahead of the release of the closely watched monthly jobs report, the Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended January 2nd. The report said initial jobless claims edged down to 787,000, a decrease of 3,000 from the previous week’s upwardly revised level of […]

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Today's mortgage rates hold firm | January 7, 2021

Check out the mortgage rates for January 7, 2021, which are unchanged from yesterday. (iStock) Based on data compiled by Credible Operations, Inc., NMLS Number 1681276, mortgage rates remained unchanged since yesterday. Continue Reading Below 30-year fixed-rate mortgages: 2.500%, Unchanging 20-year fixed-rate mortgages: 2.375%, Unchanging 15-year fixed-rate mortgages: 1.875%, Unchanging Rates last updated on January 7, 2021. These rates are […]

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Fed Minutes Point To Discussion About Weighting Asset Purchases Toward Longer Maturities

The minutes of the Federal Reserve’s latest monetary policy meeting showed there was some discussion about weighting the central bank’s purchases of Treasury securities toward longer maturities. A statement released after the mid-December meeting revealed the Fed plans to continue purchasing bonds at a rate of at least $120 billion per month until “substantial further progress” has been made toward […]

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Chase to Acquire cxLoyalty Group Rewards Business

JP Morgan Chase recently announced that it will be acquiring the credit card rewards business of cxLoyalty Group Holdings. With several coronavirus vaccines being distributed throughout the world, the bank is hoping to take advantage of increased travel in 2021 and beyond.  Key Takeaways Chase is acquiring cxLoyalty Group’s credit card rewards business. With control over both sides of the […]

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Amazon, JPMorgan, Berkshire to shut down health-care venture Haven

More On: health care Alarming number of US health care workers are refusing COVID-19 vaccine Chile reserves seats for indigenous as it prepares to rewrite Constitution US women nervous about fast rollout of COVID-19 vaccine, and that’s a problem: poll Health care worker describes harrowing nine-month battle with COVID A health care venture conceived by Amazon, Berkshire Hathaway and JPMorgan […]

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How a mortgage refinance affects your net worth

A mortgage refinance could affect your net worth, but it could help your finances long-term. (iStock) Refinancing a mortgage loan accomplishes multiple things. For many, the idea of saving on the total cost of their loan or reducing their monthly expense is the primary reason for choosing a refinance. With mortgage rates sitting at record lows, now may be the […]

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Roku reportedly in talks to buy Quibi’s short-form TV shows

More On: Quibi Jeffrey Katzenberg downsizes home after $1.75B Quibi failure Quibi rival demands asset freeze in patent-infringement claim The best Twitter reactions to final Trump-Biden presidential debate Short-lived: Short-form video app Quibi shuts down after just 6 months The 10-minute shows Quibi made for your smartphone could come back to life on your TV. Roku is reportedly negotiating a […]

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Wall Street readies for more stock froth amid economic pain in 2021

More On: wall street This ultra-exclusive Connecticut lake has earned a crass new nickname Investment Bank Perella Weinberg going public via SPAC Wall Street gives up gains after record-setting rally Stocks close at record highs after stimulus bill is signed The stock market may have ended the year at record highs, but Wall Street is now in a very different […]

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These billionaires’ wealth ballooned by a record total in 2020

More On: billionaires COVID-19 pandemic making healthcare leaders billionaires Bill Gross’ lawyer claims neighbors just ‘don’t want music playing’ Photographer cons her way into Manhattan Billionaires’ Row penthouses Bezos’ ex gives billions to charity over last four months The past 12 months have been brutal for many Americans, with tens of millions losing their jobs due to the coronavirus pandemic. […]

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