Even for a week containing a holiday, last week was a bad one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, fell 7.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6 percent compared to the previous week. The week ended January 21 started with the observance of Martin Luther King’s birthday although MBA did not indicate it adjusted its data to account for it.
The Refinance Index decreased 13 percent from the previous week and was 53 percent lower than the same week one year ago. The refinance share of mortgage activity declined to 55.8 percent of total applications from 60.3 percent the previous week, the lowest for refinancing since Christmas week 2019.
The House passed legislation Friday that would legalize marijuana nationwide, eliminating criminal penalties for anyone who manufactures, distributes or possesses the substance.
The legislation, dubbed the Marijuana Opportunity Reinvestment and Expungement Act, passed in the House last year, but did not move forward in the Senate. In addition to decriminalizing marijuana at the federal level, the bill would establish procedures for expunging previous convictions from people’s records and impose a tax on the sale of cannabis products.
BioNTech, the German pharmaceutical company that teamed with Pfizer to develop the first widely used COVID-19 vaccine, on Wednesday reported strong quarterly earnings growth on pandemic-fueled demand.
The company posted net profit of nearly $3.6 billion for the final three months of 2021, up from $409 million in the same period the previous year.
Quarterly revenue rose to $6.1 billion from $384 million previously.
Vaccinations with the Pfizer-BioNTech vaccine, marketed as Comirnaty, started in December 2020. BioNTech, based in the city of Mainz near Frankfurt, said about 2.6 billion doses of the vaccine had been delivered last year.
As the cost of living rises, some American households are stretched too thin.
Now, roughly 1 in 5 workers cannot make it from paycheck to paycheck, according to a report.
From gas to groceries, soaring prices are straining households across the board.
More than three-quarters of working Americans said inflation has impacted their finances over the past year, according to a report by Salary Finance.
While wage growth is high by historical standards, it isn’t keeping up with the increased cost of living, which is rising at the fastest annual pace in about four decades.
When wages increase at a slower pace than inflation, paychecks won’t stretch as far.
Now, workers are running out of money faster, Salary Finance found.
Roughly 20% of employees regularly run out of money between paychecks, up from 15% last year, according to the survey of more than 3,000 working adults in February.
As a result, about one-quarter of those polled said it’s harder to afford necessary expenses and one-third are unable to build savings, issues that are particularly problematic for low-to-moderate income workers.
Low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households, data show.
Further, people with $50,000 or less in annual income already have thinner margins between the money they take home and what they spend, according to Kayla Bruun, economic analyst at Morning Consult.
While no one is immune to recent price spikes, smaller income households are feeling it most because they have less of a financial buffer, Bruun said.
Always with you, Always with me: My all-time personal favorite… From his most successful studio album Surfin’ with the Alien – 1987
Summer Song: Some may remember this one from the Publix commercials that ran for years…… The part that most recognize begins at the 2 minute mark. From the AlbumThe Extremist – 1992
National Anthem, 2013 The axe at play, custom Ibanez chrome.
Rusty’s Seafood & Oyster Bar is located in Cape Canaveral, Florida. Happy hour EVERY DAY from 3 to 6 PM and early bird items served from 11 AM to 6 PM every day!! Rusty’s also has LIVE entertainment every night as well as during the days on weekends. Founded in 1993, Rusty’s Seafood & Oyster Bar is a fresh seafood restaurant with a full liquor bar, featuring an oyster bar for live shucking inside and a large deck and tiki bar for outside seating. Rusty’s offers steamed clams and mussels, raw or steamed oysters by the dozen and half-dozen as well as fresh baked oysters Bernard. .
Rusty’s is about an hour away from Orlando to the east.
Established in 1992. The Fischer family arrived in Port Canaveral in the 1940’s where they opened a seafood distribution plant, the “Fischhouse.” From there they began the offshore fishing fleet of the Miss Cape Canaveral, and thus began the term “From our fishing fleet, to you!” Bernard Fischer, the uncle of Rusty Fischer and the great uncle of son, Rhett Fischer, opened Bernard’s Surf in 1948, where they served celebrities, chocolate covered ants and astronauts. Rusty, while running The Surf, then opened Rusty’s Seafood and Oyster bar in the Port in 1992, and now his son Rhett Fischer runs the business and their 60 employee’s.
My wife and I had planned to go out to Rusty’s several times over the last several months, however, food adventures on the coast can be a challenge when we have other things going on, particularly during Covid. We literally had nothing going on this particular weekend so we decided to head out for some early shopping then out to the coast for yet another food adventure.
Foo Fighters drummer Taylor Hawkins has died, the band confirmed on social media Friday night, saying they are “devastated.”
“The Foo Fighters Family is devastated by the tragic and untimely loss of our beloved Taylor Hawkins. His musical spirit and infectious laughter will live on with all of us forever,” the band said in a statement.
They wrote that their “hearts go out to his wife, children and family, and we ask that their privacy be treated with the utmost respect in this unimaginably difficult time.”
