Biden administration releases COVID funds to boost local economies

Slideshow ( 2 images )WASHINGTON (Reuters) – The Biden administration on Thursday released $3 billion in COVID-19 rescue funds aimed at helping localities bolster their economies in the wake of the pandemic, calling on communities to seek funding for a

BOJ's price outlook views muddled by commodity rise, weak spending

TOKYO (Reuters) – Bank of Japan policymakers saw the price outlook muddled by rising global commodity costs and soft consumption, minutes of their June meeting showed, underscoring the central bank’s policy conundrum brought on by the COVID-19 pandemic.FILE PHOTO: A

U.S. housing starts rise, building permits fall to eight-month low

WASHINGTON (Reuters) – U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting uncertainty caused by expensive building materials as well as shortages of labor and land.FILE PHOTO: A

U.S. mortgage application volumes at lowest since early 2020 -MBA

FILE PHOTO: Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina, U.S., February 29, 2020. REUTERS/Lucas Jackson/File Photo(Reuters) – The number of applications for home mortgages decreased last week to the lowest

Japan upgrades Q1 GDP on smaller hit to domestic demand

TOKYO (Reuters) -Japan’s economy shrank at a slower-than-initially reported pace in the first quarter, on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand.FILE PHOTO: A shopper wearing a protective

U.S. homebuilder confidence steady in May, survey shows

WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders held steady in May despite worries over shortages of building materials, which are boosting prices and threatening to sideline first-time homebuyers from the market, a survey showed on Monday.New townhomes are seen