From AT&T’s Alexander Graham Bell to Google’s Sergey Brin, immigrants have long been more likely than native-born Americans to realize the dream of owning their own company. “Immigrants are about twice as likely as natives to start new businesses,” says ...
Read More »US home construction jumps 9.7 percent in January
Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale. The Commerce Department said Friday that housing starts came in ...
Read More »Long-term US mortgage rates climb for fifth straight week
Long-term U.S. mortgage rates climbed for the fifth straight week amid investors’ growing concern about inflation. Mortgage giant Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages shot up to 4.32 percent this week, up from 4.22 percent ...
Read More »US construction spending rises 0.6 percent in September
U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building. The Commerce Department said Monday that spending on construction rose to a seasonally adjusted annual rate of ...
Read More »Why Fed won’t have a big impact on your loans anytime soon
With the economy still growing slowly and inflation minuscule, rates will likely hover near historic lows. The Fed doesn't want to ratchet up the monthly payments on your credit card. It's in no rush.
Read More »Memories of financial crisis fading as risks rise
Six years after the collapse of Lehman Brothers, the lessons of the financial crisis may already be fading from collective memory.
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