A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess … Read more
Apple’s board of directors previewed its mixed-reality headset last week, according to Bloomberg, suggesting that its next major new product category could launch soon. For Apple, the launch of a product category could open up new markets and potentially re-create the world-changing 2007 introduction of the iPhone. But if its headset is poorly received, it … Read more
FG Trade | E + | Getty Images The recent volatile price action in the stock market has been scary for some investors, especially younger ones just dipping their toes into putting money away for the long-term. Still, financial experts say that now is a good time for people to start investing or to continue … Read more
By MATT OTT, AP Business Writer WASHINGTON (AP) – Average long-term US mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% from 5.3% last week. By contrast, the average rate stood at 3% a … Read more
U.S. Senator Mike Lee (R-UT) speaks during the U.S. Supreme Court nominee Judge Amy Coney Barrett’s confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, DC, October 13, 2020. Demetrius Freeman Pool | Reuters A new bipartisan proposal takes aim at Google and would force it to break up its digital advertising … Read more
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,” published yesterday. After analyzing 37 global markets, the report found that cross-border travel reached pre-pandemic … Read more
By ZEKE MILLER and KEVIN FREKING, Associated Press WASHINGTON (AP) – President Joe Biden invoked the Defense Production Act to speed production of infant formula and authorized flights to import supply from overseas, as he faces mounting political pressure over a domestic shortage caused by the safety-related closure of the country’s largest formula manufacturing plant. … Read more
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it would unwind its funds and return cash to investors as … Read more
A farmer pours water on himself while working at a wheat farm in the Ludhiana district of Punjab, India, on Sunday, May 1, 2022. T. Narayan | Bloomberg | Getty Images The blistering heatwave in northwest India and Pakistan was made over 100 times more likely because of human-caused climate change, according to a new … Read more
By ANNE D’INNOCENZIO, AP Business Writer NEW YORK (AP) – Target took a big hit from higher costs during the first quarter despite brisk sales. Profits for major retailers have come under pressure from both surging inflation and stubborn clogs in the global supply chain. Target’s net income fell roughly 52% from a year ago … Read more
