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Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again, per CNBC.
401(k) millionaires with accounts at Fidelity rose to 497,000, a 2.5% gain over the first quarter, an all time high
JPMorgan, $JPM, has abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections, per Bloomberg.
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Americans between the ages of 44 and 59 ramped up IRA contributions to the highest in five years, according to a Fidelity Investments. Total IRA contributions for Gen X savers were up 30% from a year ago.
Trump has polls better than Harris on some specific economic issues, particularly trade, where 43% of voters said they trusted him more to handle economic relations with China, compared with just 39%, per FT.
Hawaii is the most expensive place for renters in the US, where a renter can expect to spend a $600,000 for just over a decade of renting, per FORTUNE.
The number of full time real estate agents and brokers in the US is decreasing, per Axios
BREAKING: Vladimir Putin said Russia will support US Vice President Kamala Harris in November’s presidential election because she’s been endorsed by President Joe Biden, per Bloomberg
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade and up from 15% a year earlier.
BREAKING: Household spending per person in Canada is falling at a pace only previously seen during recessions. After adjusting for inflation, the measure fell 1.3% in the second quarter from the year before.
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Explaining why it took four days to discover the body, Wells Fargo said that Prudhomme’s desk was located in a "very underpopulated area." Read more
Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%. Read more
In its June decision, the New Orleans-based appellate court ruled the SEC had relied upon a law intended to protect everyday investors — not the “highly sophisticated” investors that pour money into private funds. Read more
“We have inquired with the U.S. Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business,” a representative told CNBC. Read more
Harris has proposed raising corporate taxes to pay for her plan while Trump has put forward a hardline tariff policy on all imports, including higher rates for China. Read more
“You know, at one point I had a lot of money on paper,” Foley, who cofounded Peloton in 2012 and was at its helm for a decade, told the New York Post. Read more
Hawaii residents spend $599,242 on renting over their lifetime, or $46,096 per year — the most of any U.S. state. Read more
Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for any household with an annual income of $1 million or more. Read ore