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Last week, mortgage interest rates reached the highest level since early May, causing a decline in mortgage demand for the second consecutive week. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume dropped by 5.2% compared to the previous week. This decrease can be attributed to the average contract interest rate
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In recent times, there has been a noticeable cooling off in the labor market, presenting challenges for individuals seeking new job opportunities. Julia Pollak, chief economist at ZipRecruiter, highlighted the increased competitiveness in job searching, urging job seekers not to lose hope despite the tough conditions. The U.S. Bureau of Labor Statistics reported a decline
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In a move that has left many subscribers disappointed, Warner Bros. Discovery’s streaming service, Max, announced price increases for its ad-free options. This decision comes amidst a trend of various streaming platforms raising their membership fees. The timing of this price hike, just days before the highly anticipated season two debut of HBO’s “Game of
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Ford Motor’s U.S. new vehicle sales experienced an 11.2% increase last month compared to the same time last year. The impressive growth was primarily driven by a surge in sales of hybrid and all-electric models. Hybrid and all-electric vehicle sales saw a remarkable 65% increase, overshadowing the modest 5.6% rise in sales of Ford’s traditional
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