Tuesday, May 17, 2022
May 17, 2022

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Average long-term U.S. mortgage rates edge up to 5.3%

May 12, 2022, 7:30am Business

 Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Read story

FILE - In this Feb. 5, 2020, file photo workers sort through tomatoes after they are washed before being inspected and packed, in Florida City, Fla., The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier -- another sign that inflationary pressure is widespread in the U.S. economy. The Labor Department said Wednesday, April 13, 2022 that its producer price index -- which measures inflation before it reaches consumers -- climbed at the fastest year-over-year pace in records going back to 2010 and rose 1.4% from February. Energy prices, which soared after Russia's Feb. 24 invasion of Ukraine, were up 36.7% from March 2021..

U.S. producer prices surge 11% in April as food prices jump

FILE - In this Feb. 5, 2020, file photo workers sort through tomatoes after they are washed before being inspected and packed, in Florida City, Fla., The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier -- another sign that inflationary pressure is widespread in the U.S. economy. The Labor Department said Wednesday, April 13, 2022 that its producer price index -- which measures inflation before it reaches consumers -- climbed at the fastest year-over-year pace in records going back to 2010 and rose 1.4% from February. Energy prices, which soared after Russia's Feb. 24 invasion of Ukraine, were up 36.7% from March 2021..

May 12, 2022, 7:29am Business

U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead. Read story

Slightly more Americans sought jobless aid last week

May 12, 2022, 7:28am Business

The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades. Read story

Judge permanently blocks ban on homebuyer ‘love letters’

May 12, 2022, 7:26am Business

Prospective homebuyers in Oregon can continue to send “love letters” to people selling homes. Read story

Herrera Beutler’s congressional job fair June 1 at Clark County Event Center at the Fairgrounds

May 12, 2022, 6:00am Business

Southwest Washingtonians looking for stable employment or their “forever job” should dust off their resumes and cover letters in preparation for U.S. Rep. Jaime Herrera Beutler’s annual jobs fair. Read story

Founder and CEO Sean McClain poses next to a mural in a lab at Absci Corp., headquartered in Vancouver.

Absci reports quarterly loss of $29.5 million

Founder and CEO Sean McClain poses next to a mural in a lab at Absci Corp., headquartered in Vancouver.

May 12, 2022, 5:59am Business

Vancouver-based biotechnology company Absci on Wednesday reported a net loss of $29.5 million, or 33 cents per diluted share, on revenues of $819,000 for its fiscal first quarter ended March 31. That compares with a loss of $11 million on revenues of $1.1 million in the same quarter last year. Read story

Weyerhaeuser, Columbia Riverkeeper reach $600K deal

May 11, 2022, 8:20pm Business

Local timber company Weyerhaeuser will pay $600,000 after reaching a settlement Monday with Columbia Riverkeeper, despite denying allegations it had broken state water quality laws. Read story

A Pacific Lifestyle Homes subdivision is under construction at the intersection of Northwest 179th Street and Northwest 11th Avenue. Demand for local homes remains high, despite rising interest rates.

Home sales ebb in Clark County

A Pacific Lifestyle Homes subdivision is under construction at the intersection of Northwest 179th Street and Northwest 11th Avenue. Demand for local homes remains high, despite rising interest rates.

May 11, 2022, 5:53pm Business

Residential real estate activity cooled in Clark County in April as mortgage interest rates rose, according to a monthly report by the RMLS. Inventory of homes for sale remains tight. Read story