US new home sales rise surprisingly strong 16.6% in May

Sales of new homes rose a surprisingly strong 16.6% in May suggesting that the reopening of major parts of the country were giving a boost to the housing market.

Existing home sale plunge 9.7% in 3rd straight monthly drop

The National Association of Realtors said Monday that the monthly decline pushed sales down to a seasonally adjusted annual rate of 3.91 million, the slowest pace since a home buyers tax credit expired in October 2010.

Carnival Cruise Line cancels all sailings until October amid coronavirus pandemic

"Please continue to take care of yourself and your loved ones," Carnival wrote. "Your health and safety are important to us whether you're are on land or on one of our ships."

US mortgage rates fall; 30-year at all-time low of 3.13%

Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.

Austin man arrested for allegedly defrauding SBA out of millions

The complaint alleges that McQuarn implemented a scheme in April whereby he submitted fraudulent applications and supporting paperwork for two "fictitious companies" that he had created to secure SBA-backed PPP funds.

McDonald’s plans to hire 260,000 workers this summer

The roles are part of the company’s seasonal hiring effort, with both full- and part-time opportunities.

City of Melbourne will pay bills of struggling residents with federal funding

Right now, nearly 2 million Floridians are unemployed -- furloughed or laid off -- as the coronavirus crisis has crippled major industries of all types.

Fed Chairman Jerome Powell warns that long downturn would mean severe damage

“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”