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Sun Journal in New Bern, North Carolina

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Sun Journal

Location

New Bern, North Carolina, United States of America

Date

Mar 06, 2020

Page

5

Mortgage rate hits record low as Fed cuts rates

The 30 year fixed mortgage averaged 3.29 percent, down from 3.45 percent, the lowest since Freddie Mac began tracking in 1971. The drop follows an emergency Fed rate cut amid the coronavirus crisis, with Treasurys drawing inflows as investors seek safety.

Washington U.S. Treasurys Freddie Mac Federal Reserve Fed World Health Organization China

OPEC pushes for deep oil production cut to lift prices

In Vienna OPEC nations seek a 1.5 million bpd cut to prop up prices amid coronavirus driven sag. Non members like Russia would share 500,000 bpd of the reduction. Iranian minister says there is no Plan B if Russia balks, while Saudi and analysts weigh Russia's participation and price outcomes.

Vienna OPEC Russia Bijan Zangeneh

Trump Store Opens in Battleground Pennsylvania

BENSALEM PA A Trump themed shop in a Philadelphia area strip mall draws steady foot traffic as Pennsylvania’s swing status shapes campaign focus. The owner, former general contractor Mike Domanico, started selling Trump shirts in 2017 after early car show sales sold out.

Trump Battleground Pa Bensalem Donald Trump Philadelphia Pennsylvania Mike Domanico Matt Slocum

US productivity rises in fourth quarter easing from initial estimate

The Labor Department reports productivity grew 1.2 percent at an annual rate in Q4, down from 1.4 percent, with labor costs up 0.9 percent, and full-year 2019 productivity up 1.9 percent the best since 2010. The economy shows long expansion but productivity gains lag, while unemployment claims fell to 216,000 and the Fed cut rates by 0.5 percentage point amid market volatility from the spreading virus.

Washington U.S Labor Department Donald Trump Obama Federal Reserve Fed

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