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“Costco ends mortgage program membership perk” Costco is no longer offering a mortgage program for its members. According to the wholesale retailer, the changes took effect on Sunday, May 1. “Members with questions regarding their current mortgage application and loan should contact the lender they have been working with,” the company wrote, adding a list of lenders and phone numbers. …
“Biden’s big jobs lie is another sign he won’t right the US economy” The president sure loves repeating his empty brags on job creation. He crowed in a press release Friday about the latest jobs data that “our plans and policies have produced the strongest job creation economy in modern times.” Fact check: Joe Biden…
“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…
“US economy adds 428,000 jobs in April, beating forecasts” America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment…
“Federal Reserve hikes rates by half point to tame inflation” The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation. The US central bank set…
“Employers post record 11.5 million job openings in March” Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed. The latest data released Tuesday by the the Bureau of Labor Statistics further reveals an extraordinarily tight labor market…
“Why Biden’s Hispanic support has collapsed” Hispanics are America’s largest minority voting bloc. In 2020, President Joe Biden received 61% of our vote, support that’s indisputably plummeted. One recent poll shows the president’s approval rating among Hispanics is an abysmal 26%, and an astonishing 41% “disapprove strongly” of his performance. There are several reasons his…
“Joe and Kamala’s ‘rocky’ ties and other commentary” White House watch: Joe, Kamala’s ‘Rocky’ Ties As vice president, Joe Biden’s weekly meal with President Barack Obama wasn’t just a meal but “a meeting when things really got done,” and Biden vowed the same relationship with his veep, Kamala Harris, notes RealClearPolitics’ Philip Wegmann. Yet the…
“Key inflation gauge jumped 6.6% in March, most since 1982” An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy. Yet there were signs…
“We need economic vision, not Joe Biden’s nonsense” “No one is predicting a recession now,” President Joe Biden fibbed Thursday, though “there may be recession in 2023.” In fact, America’s already at the brink, as the US economy shrank in the first quarter of 2022, contracting by an ugly 1.4% — the first such drop…