Month: April 2021

Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.36%
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President Biden said he hasn’t spoken with Federal Reserve Chair Jerome Powell since taking office more than two months ago, citing respect for the central bank’s independence and marking a sharp turn from his predecessor, Donald Trump. “The Federal Reserve is an independent operation and, starting off my presidency, I want to be real clear
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RPM International, a manufacturer and seller of specialty chemicals, reported better-than-expected fiscal 3Q (ended Feb. 28) results, with top-line growth being the primary driver. RPM International’s (RPM) 3Q net sales increased 8.1% year-over-year to $1.27 billion and exceeded the consensus estimate of $1.21 billion. The outstanding performance was driven by a 6.4% rise in Construction
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If there’s one factor almost sure to help increase your earnings, it’s going back to school for a post-graduate degree. Those who obtain a master’s degree typically see a significant bump in pay. For example, a worker with a bachelor’s degree in business was expected to earn $58,869 in 2021. Their counterpart with a master’s
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SpaceX president and COO Gwynne Shotwell wants what SpaceX is doing to “reinvigorate the industry,” while also getting “young children thinking about being in the space industry again.” Kimberly White | Vanity Fair | Getty Images SpaceX president Gwynne Shotwell does not think the company will add “tiered pricing” for its direct-to-consumer Starlink satellite internet
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CVC Capital Partners has made a $20bn offer for Toshiba, joining KKR and other private equity funds in a potential bidding battle that could generate Japan’s biggest buyout deal in history, according to people with knowledge of the talks. The deal under discussion would take Toshiba private and would mark yet another twist in a
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The Biden administration unveiled a $2 trillion infrastructure plan last week, and it contains some much-needed wellness design enhancements for American homes. Even its goals of increasing affordable housing stock and improving public housing advances the ideal of everyone having a safe, healthy place to live.  The pandemic pointed out the importance of this ideal,
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Github services is under investigation after a series of reports on attacks against one of its infrastructures by running unauthorized crypto mining apps. Cybercriminals allegedly exploited some security flaws that could have been exploited to mine cryptos illicitly. Attacks Exploit ‘Github Actions’ According to The Record, a Dutch security engineer, Justin Perdok, detected a cyberattacker
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Today’s column addresses questions about whether it’s still possible to take spousal benefits after first receiving retirement benefits, what benefits may be available for survivors of a deceased worker and whether public pensions affect divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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On Jan. 3, 2009, an anonymous developer called Satoshi Nakamoto made history when he (or she, or they) released the Genesis Block, the original block containing the first 50 bitcoins, onto Sourceforge. Unlike any of the 502,000+ blocks that came after, Nakamoto left a message in the code of the block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for
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Lutz Schüler has been handed one of the biggest jobs in European telecoms after he was appointed as chief executive of the company formed by the £31bn merger of Virgin Media and O2. The German, named Virgin Media’s chief executive in 2019, will take charge of the integration of the cable network with the UK’s
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