Homebuyers’ down payments rise as US home prices climb
LOS ANGELES — Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a…
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US productivity increases 4.9% in 3rd quarter
WASHINGTON — U.S. productivity increased between July and September but at a slower pace than in the previous quarter. Productivity advanced 4.9% in the third…
751,000 seek US jobless benefits as virus hobbles economy
WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep…
GM puts pandemic in rearview mirror, sales boom in US, China
DETROIT — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the…
UK extends wage support scheme until March amid new lockdown
LONDON — The British government and the Bank of England joined forces today to provide further support to an economy that is set for a…
Alibaba revenue up 30% as virus drives demand for e-commerce
HONG KONG — China’s biggest e-commerce firm Alibaba Group Holding today reported a 30% jump in quarterly revenue, as China recovers from the virus and…
Nintendo’s profit soars as pandemic has people playing games
TOKYO — Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported today that its fiscal first half profit more than tripled as…
Pandemic puts Indonesia into recession; 1st time in 20 years
JAKARTA, Indonesia — Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the…
Biden needs 1 more battleground state to win the White House
WASHINGTON — Democrat Joe Biden was pushing closer to the 270 Electoral College votes needed to carry the White House, securing victories in the “blue…
Working from home: Employees share their experience
Who knew that in March, when the COVID-19 pandemic hit, we’d still be working from home months later? Originally we thought the situation was only…