BREAKING NEWS
Spring Branch ISD to have regular school day Wednesday with exception of a few schools
Read full article: Spring Branch ISD to have regular school day Wednesday with exception of a few schoolsSpring Branch ISD says all schools and offices, with the exception of a few, will be open for a regular school day Wednesday.
‘Our Town’: Help us choose the next community in Houston to explore, vote now
Read full article: ‘Our Town’: Help us choose the next community in Houston to explore, vote nowJoin us as we embark on an exciting journey through the heart and soul of our city with KPRC 2's new series, 'Our Town'! 🌆🎬 Discover the stories, people, and places that make our community truly special. Also, click the link below and help us vote on where we should visit next!
‘Our Town’: The key to community policing in Alief/Westwood, one of Houston’s most diverse communities
Read full article: ‘Our Town’: The key to community policing in Alief/Westwood, one of Houston’s most diverse communitiesWith well over a half dozen cultures represented across roughly six square miles, Houston’s Asia Town is one of the largest multicultural communities in the country. Houston Police Sergeant Don Vo grew up in Acres Homes but knows the community and it’s residents very well.
Jason Reitman and Hollywood's most prominent directors buy beloved Village Theater in Los Angeles
Read full article: Jason Reitman and Hollywood's most prominent directors buy beloved Village Theater in Los AngelesSome of Hollywood’s most prominent filmmakers have purchased a 93-year-old iconic theater known as a cultural landmark for moviegoers in Los Angeles.
‘Our Town’: KPRC 2′s new series exploring Houston’s most vibrant neighborhoods
Read full article: ‘Our Town’: KPRC 2′s new series exploring Houston’s most vibrant neighborhoodsThere’s no doubt the fourth largest city in the United States has sports teams that can compete on an international level, an unparalleled dining experience dealing with mouthwatering cuisines, and a top-notch workforce.
US home sales slipped, prices grew more slowly in August
Read full article: US home sales slipped, prices grew more slowly in AugustSales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable.
Mortgage rates jump again, buyers head to the sideline
Read full article: Mortgage rates jump again, buyers head to the sidelineAverage long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another increase to its main borrowing rate.
US producer prices climbed 10% in February from a year ago
Read full article: US producer prices climbed 10% in February from a year agoWholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.
Wholesale prices jumped 9.7% , setting record for 2021
Read full article: Wholesale prices jumped 9.7% , setting record for 2021Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.
Wholesale inflation jumps record 9.6% over past 12 months
Read full article: Wholesale inflation jumps record 9.6% over past 12 monthsPrices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures The Labor Department said that its producer price index, which measures inflation before it reaches consumer, rose 0.8% in November compared to October, the highest monthly reading since June.
Protesters in major US cities decry airstrikes over Gaza
Read full article: Protesters in major US cities decry airstrikes over GazaPro-Palestinian protesters took to the streets of Los Angeles, New York, Boston, Philadelphia, Atlanta and other U.S. cities Saturday to demand an end to Israeli airstrikes over the Gaza Strip.
DeChambeau outlasts Westwood with big drives, big putts
Read full article: DeChambeau outlasts Westwood with big drives, big puttsHe holed a 40-foot birdie putt on the fourth hole to regain a share of the lead. Westwood tied him with a 30-foot birdie putt on the par-5 12th, only to give it back with a three-putt on the 14th. DeChambeau took the one-shot lead to the 18th and hit his most important drive of the day — in the fairway. DeChambeau's birdie putt slid by some 5 feet and he shook his arms in celebration when the par putt dropped. With a bogey on the final hole, he shot 74 to finish alone in third.
Westwood has career-low at Bay Hill and takes 1-shot lead
Read full article: Westwood has career-low at Bay Hill and takes 1-shot leadHe might not be able to contemplate driving a par 5 — that sideshow Saturday at Bay Hill belonged to Bryson DeChambeau. You've got to be top 50 in the world,” Westwood said. He grabbed the lead by holing a 30-foot eagle putt on the 16th hole (DeChambeau made birdie) and a 30-foot birdie putt on the closing hole (DeChambeau made par) to reach 11-under 205. Conners, who started the third round with a one-shot lead, could only manage a 71 on a cool, breezy day at Bay Hill with only a few drops of rain. Sunday was shaping up as another thriller at Bay Hill.
Jump in hiring fuels optimism for US economic recovery
Read full article: Jump in hiring fuels optimism for US economic recoveryThat is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year. Sounding an optimistic note, he said: “There’s good reason to expect job creation to pick up in the coming months."
US jobless claims at 730K, still high but fewest in 3 months
Read full article: US jobless claims at 730K, still high but fewest in 3 monthsThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. Jobless claims declined by 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday. Still, before the virus erupted in the United States last March, weekly applications for unemployment benefits had never topped 700,000. The latest figures coincide with a weakened job market that has made scant progress in the past three months. AdAll told, 19 million people were receiving unemployment aid as of Feb. 6, up from 18.3 million the previous week.
U.S. home prices rise 10.1% in December, fastest since 2014
Read full article: U.S. home prices rise 10.1% in December, fastest since 2014U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. (AP Photo/Steven Senne, File)WASHINGTON – U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1% in December from a year earlier. Home prices climbed 14.4% in Phoenix , 13.6% in Seattle and 13% in Seattle in December. But prices rose all over.
Federal Reserve sees modest pickup in hiring this month
Read full article: Federal Reserve sees modest pickup in hiring this monthThe Federal Reserve says theres evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. (AP Photo/Steven Senne, File)WASHINGTON – The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. AdThe report will form the basis for Federal Reserve Chair Jerome Powell's testimony next week before committees in the House and Senate. Hiring has stalled in the past three months, with job gains averaging just 90,000 a month from November through January.
US long-term mortgage rates slip; 30-year at 2.73%
Read full article: US long-term mortgage rates slip; 30-year at 2.73%U.S. long-term mortgage rates slipped this week as the economy remains burdened by the coronavirus pandemic. (AP Photo/Steven Senne, File)WASHINGTON – U.S. long-term mortgage rates slipped this week as the economy remains burdened by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.73% from 2.77% last week. The damage from the coronavirus pandemic on the U.S. and global economies suppressed home loan rates through most of 2020. AdEconomists forecast modest increases in mortgage rates this year.
Home prices rise at fastest pace in more than 6 years
Read full article: Home prices rise at fastest pace in more than 6 yearsU.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)WASHINGTON – U.S. home prices jumped in November at the fastest pace in more than six years, fueled by demand for more living space as Americans stick closer to home during the pandemic. Sales of existing homes rose in December and home sales for all of 2020 rose to the highest level in 14 years. Phoenix posted the largest price gain in November from a year earlier for the 18th straight month, with a 13.8% increase.
Benchmark U.S. 30-year mortgage drops to record low 2.66%
Read full article: Benchmark U.S. 30-year mortgage drops to record low 2.66%U.S. long-term mortgage rates dropped this week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic. Mortgage giant Freddie Mac said Thursday, Dec. 24, that the average rate on the benchmark 30-year fixed-rate home loan slipped to 2.66% from 2.67% last week. (AP Photo/Steven Senne, File)WASHINGTON – U.S. long-term mortgage rates dropped this week to a record low for the 16th time in 2020, reflecting an economy hard hit by the coronavirus pandemic. Mortgage giant Freddie Mac said Thursday that the average rate on the benchmark 30-year fixed-rate home loan slipped to a record low 2.66% from 2.67% last week. The 5-year adjustable rate mortgage was unchanged this week at 2.79%.
US layoffs remain elevated as incomes and spending weaken
Read full article: US layoffs remain elevated as incomes and spending weakenOverall jobless aid has shrunk in recent weeks even as roughly 25 million people rely upon it. Total paid unemployment benefits plunged by more than half in August, according to the Commerce Department. Most of them are transitioning to an extended jobless aid program that provides benefits for an additional three months. Weekly applications for unemployment benefits are typically watched as a proxy for layoffs, although the data has become muddied in recent months. On Friday, the government will issue the jobs report for September, the final such report before Election Day, Nov. 3.