[ad_1] CNN — More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The …
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[ad_1] Washington, DC CNN — New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a …
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[ad_1] If you bought your first home during the past year, consider yourself one of the fortunate few. Skyrocketing home prices and climbing interest rates pushed the share of first-time homebuyers to an all-time low, according to a new report from the National Association of Realtors. And those first-time buyers …
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[ad_1] Hong Kong CNN Business — When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at a phenomenal pace since then. With an average annual growth rate of 6.7% since 2012, China has seen one …
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[ad_1] New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away. Sales of newly constructed homes jumped 28.8% in August from July and were down just 0.1% from a year ago, according to a joint report from the US Department …
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