Articles filed under Economy
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Falling mortgage rates are enticing US homebuyers to trade upJun 02, 2019 6:17 am - This year's plunge in mortgage rates is giving Americans an incentive to upgrade to pricier houses. Take loan officer Clint Gerke's client in Salem, Oregon. The single m...
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Almost 40% of Americans would struggle to cover a $400 emergencyJun 02, 2019 6:00 am - Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve s...
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The average millennial has an average net worth of $8,000. That's far less than previous generations.May 31, 2019 1:00 am - Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health care costs pushing the average net worth bel...
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President threatens tariffs for Mexico; what it could mean for the economyMay 30, 2019 11:00 pm - WASHINGTON — President Donald Trump on Thursday said he would impose a 5 percent tariff on all goods entering from Mexico unless it stopped the flow of illegal immigrati...
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How much money do you need to be wealthy in America?May 18, 2019 6:00 am - Rich is relative. Merely having a net worth of $1 million, it seems, doesn't mean you're wealthy. In Charles Schwab's annual Modern Wealth Survey, the amount people said...
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Analysis: Proposed Huawei sanctions underscore US dependency on China techMay 17, 2019 1:00 am - U.S. suppliers to China-based Huawei would be affected quickly if a ban on exporting hardware and services proposed by the U.S. Commerce Department on Wednesday goes int...
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African swine fever has crept from China to Europe. Will it hit the US?May 12, 2019 6:10 am - African swine fever is decimating the world's largest hog herd in China, and that holds risk and opportunity for U.S. pork producers. Affected animals have now been repo...
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You got the new house! Now, how do you afford to furnish it?May 12, 2019 6:00 am - Congrats on saving up for that down payment! And hats off for committing to mortgage payments, homeowners insurance and property taxes. Now for your reward: home sweet, ...
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You got into college. Now, how to decipher your financial aid offers.May 05, 2019 6:11 am - With college acceptances in hand, now comes the hard part: understanding your financial aid offers. These letters are notorious for being laden with jargon that differs ...
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Analysis: The government move that threatens to keep Americans trapped in debtMay 05, 2019 6:00 am - In November 2017, the Consumer Financial Protection Bureau (CFPB) issued a rule requiring payday lenders to assess a borrower's ability to repay before making a loan. Th...