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Yellen Outlines Bold Climate Agenda Calling for Net-Zero Emissions by 2035
Yellen cited the importance of the public and private sectors working together to cut emissions and move the world towards a greener future.
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Weekly Mortgage Demand Jumps 8.6% After Interest Rates Fall to a Two-Month Low
A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their lenders.
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Biden's Recovery Plan for Families Set to Cost More Than $1 Trillion, Extend Enhanced Child Tax Credit
Biden aims to approve the second phase of his infrastructure package based around child care and paid leave after passage of the first piece.
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Real Estate Investor Who Shorted Subprime Mortgages Says This Housing Boom Is in a Bubble, Too
Billionaire real estate investor Jeff Greene bet against subprime mortgages. He told CNBC Friday he thinks the housing market is in a bubble again.
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OECD Backs Biden's Plan to Raise the Minimum Wage
The U.S. should go ahead with President Biden’s plan to raise the federal minimum wage as a way to recover faster from the Covid crisis, the OECD said.
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Biden Starts Off Presidency With Positive Approval Marks, CNBC Survey Shows
Joe Biden begins his presidency having achieved out of the gate what his predecessor could only do once during his four years: a positive approval rating.
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Retail Sales Explode in March as Consumers Use Stimulus Checks to Spend Heavily
Retail sales were expected to rise 6.1% in March, according to economists surveyed by Dow Jones.
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The Economy Is Running on a Stimulus-Fueled Caffeine High. What Will Happen When It Wears Off?
The path beyond this rocket-fueled year looks far less clear.
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Senate Bill Would Expand Unemployment Benefits and Pay $250 a Week to Gig Workers
A bill proposed by Senate Democrats would put states on more equal footing relative to jobless benefits and expand the pool of recipients.
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Mortgage Refinance Demand Hits Lowest Level in Over a Year, and Homebuyers Retreat, Too
It was a mixed week for mortgage rates, which started high and then fell slightly, but the damage was done early.
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As Coinbase Debuts, Powell Calls Cryptocurrencies ‘Vehicles for Speculation'
Cryptocurrencies are for making bets on price increases and haven’t reached the status of payment mechanisms, Powell said Wednesday
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The Fed Is ‘Overwhelmingly' White and Male and Needs to Change, Study Says
The Fed has a “staggering” lack of diversity among its directors, according to a report Tuesday from a leading Washington think tank.
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Poll: 15% of Americans Worse Off a Year Into Pandemic
While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. Overall, 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved
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Consumer Prices Rise More Than Expected, Pushed by 9.1% Jump in Gasoline
The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.
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Powell Says It's ‘Highly Unlikely' the Fed Will Raise Rates This Year, Despite Stronger Economy
“I think it’s highly unlikely that we would raise rates anything like this year,” Powell told CBS’ “60 Minutes.”
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Middle East Investor Seeks U.S. Opportunities as Biden Pushes Infrastructure Plan
Rishi Kapoor, co-CEO at Investcorp, said there appears to be “bipartisan acceptance” in the U.S. for an upgrade of the country’s infrastructure.
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Georgia Gov. Kemp Cheers Augusta National for ‘Not Getting Involved in Politics'
Georgia Gov. Brian Kemp praised the Augusta National Golf Club for not caving to the political pressures that have befallen the state recently.
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Zillow President Expects Increase in Home Listings as Covid Certainty Improves
“All the indicators that we see say that this housing market … [continues] to be hot, and there are a lot of reasons for that,” Zillow’s Susan Daimler said.
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Ready to Buy a Home? the Trick Is Finding Or Affording One
Homebuyers are facing the most competitive U.S. housing market in decades this spring
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U.S. Producer Price Index Rose 1.0% in March, Vs 0.5% Increase Expected
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