Business inventories in December came in at $2.58 trillion, down 0.2% from the month prior but up 2% from a year ago, the Commerce Department said. Trade sales and manufacturers’ shipments were $1.91 trillion, up 0.8% from the month prior and up 3.1% from a year ago.
New single-family home sales increased to a seasonally adjusted annual rate of 743,000 in April, according to the U.S. Census Bureau and HUD. The April reading was 10.9% above the revised March rate.
ABA joined the Bank Policy Institute and three other associations in calling on the SEC to rescind its cyber incident disclosure rule, which they said puts companies that fall victim to cyberattacks at greater risk.
The Treasury Department will stop putting new pennies into circulation early next year, the Wall Street Journal reported.
Rare pennies and bicentennial quarters will not turn their owners into overnight millionaires, despite what they may have read online, according to an organization representing coin collectors and rare coin experts.
Survey requires private employers with 100 or more employees and federal contractors with 50 or more employees to submit data on employees’ gender, race and ethnicity annually to the EEOC.
The rate for a 30-year fixed-rate mortgage was 6.86% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.
