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Aug 03, 2022 / The Right News Right When It Happens

Top Story

Lumber Liquidators Q2 Sales Inch Down, Income Declines More

Richmond, VA, August 3, 2022-Lumber Liquidators has reported Q2 2022 net sales of $299 million, a 0.8% decline from Q2 2021’s $301 million.

Today's Flooring News

Orders for Manufactured Goods Rose 2.0% in June

Washington, DC, August 3, 2022—New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $10.8 billion or 2.0% to $555.2 billion, the U.S. Census Bureau reported. This followed a 1.8% May increase.

CFI Convention Underway Now in Orlando

Dalton, GA, August 3, 2022––The Certified Flooring Installers Association (CFI) annual convention and expo is underway now in Orlando, Florida at the Rosen Shingle Creek, running through August 4.

As Inflation Surges, Americans Are Adding Credit Card Debt

Washington, DC, August 3, 2022—Credit card debt surged in the United States from April through June as Americans borrowed billions of dollars to continue spending in the face of growing inflation, according to a Tuesday report from the Federal Reserve Bank of New York and reported by the Washington Post.

U.S. Employers Looking to Hire Despite Economic Challenges

New York, NY, August 3, 2022—In spite of a challenging economy, many U.S. businesses are still looking to hire, reports the Wall Street Journal.

Mortgage Applications Rose 1.2% in Week Ending July 29

Washington, DC, August 3, 2022-Mortgage applications increased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022.

Gas Prices Approach $4/Gallon After Falling for 7 Weeks

Washington, DC, August 3, 2022—U.S. gas prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil, reports the Wall Street Journal.