The Biden administration has announced that it will resume offering free at-home Covid-19 tests to American households in late September. This decision comes as the virus has gained a stronger foothold in the U.S. during the summer months. Americans will soon be able to request four free tests through COVIDtests.gov, which will be able to
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Shareholder returns for top homebuilders D.R. Horton and Lennar significantly outpaced the broader S&P 500 index between August 2014 and August 2024. This strong performance reflects the resilience and attractiveness of the homebuilding sector to investors. However, recent downgrades in the investment outlook of both companies this summer have raised concerns among analysts about the
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The municipal bond market has seen little change on Thursday, with U.S. Treasury yields increasing and equities closing lower. According to AllianceBernstein strategists, the technical picture this summer has been stronger in 2024 compared to the situation in 2023. Last year, the total returns for June through August were negative, with August wiping out the
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In July, closed sales of previously owned homes experienced a 1.3% increase compared to June, resulting in a seasonally adjusted, annualized rate of 3.95 million units. This marked the first rise in sales after five months of decline. Despite this improvement, sales were still 2.5% lower than the same period last year. The Northeast saw
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