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October 19, 2020
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CNBC Business

Wells Fargo earnings fall short of estimates as low rates hit interest income

CNBC
CNBC – For more and to sign up click here A person wears a protective face mask next to Wells Fargo ATMs in Harlem as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 25, 2020 in New York City. Noam......
CNBC Business

Bank of America shares dip as lender, pressured by low rates, misses on third-quarter revenue

CNBC
CNBC – For more and to sign up click here Bank of America shares declined after the lender posted third-quarter results that missed on revenue. The firm said Wednesday that it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Profit in the......
CNBC - Real Estate

Mortgage rates set yet another record low, but applications fall

CNBC Real Estate
People walk into a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Borrowers are clearly used to hearing that mortgage rates set another record low because last week’s dip did nothing to......
CNBC Business

Mortgage rates set another record low, sparking new strength in refinances

CNBC
CNBC – For more and to sign up click here An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent......
USA Today - NFL

Green Bay Packers say no fans at Lambeau until COVID-19 rates improve

USA Today
USA TODAY – For more and to sign up click here Green Bay Press-Gazette GREEN BAY – The Green Bay Packers say fans will not be allowed into Lambeau Field for the Nov. 1 game against the Minnesota Vikings, or until future notice, for that matter. The Packers said Tuesday the level of......
ESPN

Seven undefeated NFL teams, but which are for real? Barnwell rates each hot start

ESPN
Seven NFL teams have started the season 3-0, and if you’re a fan of one of them, good news! Your favorite team is probably going to the playoffs. Of course, every team expects to make the playoffs before the season, but banking three wins is a great way to start......
CNBC Business

Near-zero interest rates may be needed for up to 3 years, says Dallas Fed’s Robert Kaplan

CNBC
CNBC – For more and to sign up click here Dallas Fed President Robert Kaplan told CNBC on Wednesday that it is likely appropriate to keep interest rates anchored near zero for up to three years to aid the U.S. economic recovery from the coronavirus pandemic.  “I think we’re going......
CNBC - Real Estate

August pending home sales soar to a record high, fueled by rock-bottom mortgage rates

CNBC Real Estate
A sale pending sign is posted in front of a home for sale in San Anselmo, California. Justin Sullivan | Getty Images Pending home sales rose 8.8% in August compared with July, reaching a record high pace, according to the National Association of Realtors survey, which dates back to January......
CNBC - Real Estate

Mortgage demand falls nearly 5%, even as interest rates set another record low

CNBC Real Estate
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage......
CNBC Business

Amazon downplayed rising injury rates at its warehouses, investigation finds

CNBC
CNBC – For more and to sign up click here Amazon fulfillment center warehouse. Getty Images Injuries inside Amazon‘s warehouses continue to be on the rise, despite the company’s claims that it has invested tens of millions of dollars to improve safety measures, according to a wide-ranging investigation published Tuesday......
BBC - Business

Bank deputy governor warns against negative rates

BBC
https://www.bbc.co.uk/news/business-54332980 Image copyright Getty Images A Bank of England (BoE) deputy governor has spoken out against setting negative interest rates, which would bring the cost of borrowing below zero. “At present, negative policy rates would be less effective as a tool to stimulate the economy,” Sir Dave Ramsden told the......
CNBC Business

CDC study finds coronavirus rates among teens nearly ‘double’ compared with children

CNBC
CNBC – For more and to sign up click here Students loaded onto a school bus outside Carlton High School at the end of the first day of class on Tuesday. Carlton High School held their day of school in-person on Tuesday September 8, 2020. Alex Kormann | Star Tribune......
CNBC - Real Estate

Home equity surges as demand soars and mortgage rates hover near lows

CNBC Real Estate
After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more.   Home equity for homeowners with a......

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