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

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

Biden to announce wage boost, bonuses for wildfire fighters

(Reuters) – U.S. President Joe Biden on Wednesday will announce wage hikes and bonuses for federal firefighters ahead of a meeting with western state governors who may face a record number of forest blazes this year because of drought and

Fed shift causes rally in value stocks to wobble

NEW YORK (Reuters) -The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Shares of banks, energy firms

Wall Street muted as eyes turn to next week's Fed meeting

NEW YORK (Reuters) – Wall Street stocks were mixed at the close of a languid week marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner

U.S. stocks end lower ahead of inflation report

NEW YORK (Reuters) – Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.FILE PHOTO: A street sign, Wall Street,

S&P 500 teases record closing high as retail frenzy churns

NEW YORK (Reuters) – The S&P 500 hovered near a record closing high on Wednesday, as institutional investors looked to coming inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.FILE PHOTO: A