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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 03, 2014
Page
11
Snapchat confirmed a security breach exposed usernames and phone numbers of millions of users. Hackers published 4.6 million Snapchat credentials on a site later suspended, as Snapchat says it implemented safeguards but the attack suggests gaps remain.
U S construction spending rose 1 percent in November to a seasonally adjusted annual rate of 934.4 billion dollars. Residential outlays climbed 1.9 percent with single family homes up 18.4 percent year over year and apartments up 36.3 percent, while commercial projects rose 2.7 percent as offices, communications and transportation projects advanced.
A 2014 forecast for small businesses points to clearer congressional cooperation on tax reform and a possible boost to the up front equipment deduction. economists warn of tepid growth, while retailers face online competition and general hiring gaps. Housing growth could lift manufacturers and other sectors, but skilled labor shortages persist.
Freddie Mac reports the 30-year fixed mortgage at 4.53 percent, up from 4.48. The 15-year loan rose to 3.55 percent from 3.52. Rates peaked at 4.6 percent last August as investors anticipated Fed bond purchases. The Fed cut monthly purchases by 10 billion, keeping long-term rates below 5 percent for years and aiding affordability.
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