Existing home sales rise to 6.85 million pace in October
U S housing data show a 4.3 percent October gain to a seasonally adjusted annual rate of 6.85 million, the highest since February 2006. The year over year increase stands at 26.6 percent, reflecting a hot market. The report from the National Association of Realtors also notes mortgage rates at record lows this year, with a 30 year rate of 2.72 percent.
MENTIONED IN THIS ARTICLE
National Association of Realtors
U.S
Freddie Mac
US jobless claims rise to seven forty two thousand
US unemployment aid new claims rose to 742000 last week marking the first increase in five weeks as the resurgent virus slows the economy. About 20 million receive benefits and roughly half lose them when two federal programs expire. The report notes ongoing stress in the labor market and rising consumer caution amid surging infections.
MENTIONED IN THIS ARTICLE
Washington
Rabeela Farooggi
U.S
High Frequency Economics
Labor Department
Century Foundation
Congress
PUA
Puerto Rico radio telescope to close shocking science setback
The National Science Foundation said it will close the Arecibo Observatory telescope in Puerto Rico due to dangerous damage. A 100-foot hole from an auxiliary cable break, cable failures, and long term instability forced the decision. Sean Jones stressed safety and preservation without risking people. Astronomers worldwide rely on the dish for planetary, asteroid, and exoplanet research and Nobel linked work.
MENTIONED IN THIS ARTICLE
Sanjuan
Puerto Rico
National Science Foundation
Arecibo Observatory
NSF
Sean Jones
Mathematical and Physical Sciences Directorate
Arecibo
Defense Department
Jodie Foster
Earth
Alex Wolszczan
Pennsylvania State University
Associated Press
Airlines warn demand weak as COVID cases rise
United Airlines said bookings slowed and cancellations rose amid a surge in coronavirus infections. Southwest also reported more cancellations and warned first quarter demand would stay weak. United expects a 67 percent revenue drop in Q4, with up to 45 percent of normal schedule. The FAA allowed 737 Max fly again after software and training updates, and American plans to start daily New York to Miami Max flights on December 29.
MENTIONED IN THIS ARTICLE
Dallas
United Airlines
Southwest Airlines
United States
United
Southwest
Gary Kelly
Kelly
Federal Aviation Administration
American Airlines
U.S
New York
Miami
Tom Nealon
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Charlotte
N.C
Budapest
Hungary
Nasams
Raytheon Technologies
Kongsberg
Commissioner For Defense Developments
MTI
London
Google
Facebook
Silicon Valley
European Court of Auditors
European Union
The
Jpmorgan Chase
University of Michigan
CVS
San Francisco
Jeff Chiu
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