Mortgage rates cross 3% for first time in 2 months

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Mortgage rates cross 3% for first time in 2 months

“Mortgage rates have risen above three percent for the first time in ten weeks,” said Sam Khater, Freddie Mac’s chief economist. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of …
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Doximity Doubles in Trading Debut After IPO Raises $606 Million

Shares of the profitable San Francisco-based company closed Thursday at $53 apiece, giving the company a market value of $9.5 billion. The company and one of its investors sold 23.3 million shares for $26 each Wednesday after marketing them for $20 to …
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Subramanian Versus Golub on Inflation Bets: 'Don't Be a Chicken'

Bank of America Corp.'s Savita Subramanian and Credit Suisse Group AG's Jonathan Golub went toe-to-toe Thursday on Bloomberg TV over how to
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California utilities commission extends moratorium on power shutoffs through September

The state regulator also approved a plan that requires utilities — including San Diego Gas & Electric — to automatically enroll customers who are lagging on monthly payments into a two-year debt relief program. Commissioner Martha …
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RWJBarnabas Health, Rutgers Cancer Institute of New Jersey break ground on Jack & Sheryl Morris Cancer Center

It will also have the capacity to offer wellness and education resources including offerings catered specifically to the needs of cancer survivors. The estimated project cost is $750 million, according to the statement.
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