Category: Others

December 22, 2021

Sales of previously occupied U.S. homes rose for the third straight month in November, driven by strong demand, low mortgage rates and intense competition for a relatively low number of properties on the market. Existing homes sales rose 1.9% last […]

December 20, 2021

Moderna stock soared as much as 9% on Monday after it said its COVID-19 vaccine booster increases protection against the Omicron variant. A third dose, which is half the dose level used for each of the first two vaccine shots, […]

November 30, 2021

The emergence of a worrisome coronavirus variant is benefiting shares of vaccine makers Moderna Inc (MRNA), BioNTech (BNTX) and Pfizer. Moderna shares have jumped 28% since last week when the variant, named Omicron, triggered global alarm. Shares of vaccine partners […]

October 26, 2021

Home-price growth held at a record high in August, as demand from home buyers remained robust despite skyrocketing prices. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose […]

October 13, 2021

Delta Air Lines posted a $1.2 billion profit for the third quarter on Wednesday, helped by the latest installment of federal pandemic aid for the airline industry, but warned that rising fuel prices will lead to a “modest” loss in […]

October 1, 2021

DHL Express plans to raise rates for shipments for U.S. customers by an average of 5.9% starting Jan. 1, effectively matching a FedEx Corp. price increase for next year in an action that will raise costs for parcel shippers. “You […]

September 29, 2021

A historic backlog of cargo ships in Southern California has left the supply chain and shipping industry in a crisis, Mario Cordero, the executive director of the Port of Long Beach, warned this week. Cordero, who oversees one of the […]

September 20, 2021

Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across the […]

September 16, 2021

Danish shipping giant A.P. Moller-Maersk sees no indication that the current red-hot shipping market will lose steam this year, its chief executive said on Thursday. Maersk lifted its 2021 outlook again on Thursday, riding the rise in freight rates which […]

September 9, 2021

Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for the travel industry. American Airlines said a slowdown that started in August has […]

August 19, 2021

Help is on the way for dairy farmers who got a lower price for their products because of pandemic-related market abnormalities, the U.S. Department of Agricullture said Thursday. The department will provide about $350 million in assistance payments to eligible […]

August 9, 2021

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded lower by nearly 5% on Monday morning after the stock was downgraded on concerns about the lagging casino recovery in Macau. The Analyst: Bank of America analyst Shaun Kelley downgraded Wynn from Buy […]

August 6, 2021

Things are starting to look up for owners of big apartment communities more than a year after the pandemic knocked the economy into a recession and left millions of Americans unemployed and struggling to pay rent. Rents are rising, buoyed […]

August 4, 2021

The New York Times Co beat quarterly profit expectations on Wednesday as its advertising business showed signs of recovery, eclipsing slower growth in digital subscriptions and sending its shares 12% higher. The financial fallout from the COVID-19 crisis had last […]

July 19, 2021

Netflix’s web traffic slumped during the second quarter of 2021, but rebounded toward the end of the period, according to data from analytics firm Similarweb that was shared exclusively with Insider. The data, which shows unique visitors to Netflix’s desktop […]

July 12, 2021

Predictions that the pandemic will have a long-lasting impact on office space has yet come to pass, according to BBG, a leading national valuation and assessment commercial real estate services firm. Since the arrival of the COVID-19 pandemic, there has […]

June 18, 2021

At the time ocean shipping took over the world, America gave up on the shipping industry. In 1960, when the world moved 1.2 million tons of goods via ship, the American fleet comprised 16% of the world’s total cargo shipping […]

June 18, 2021

In 2014, as Uber was on its way to becoming the world’s most valuable startup. It boasted that drivers in New York City working at least 40 hours per week earned a median income of more than $90,000 per year, […]

June 9, 2021

In May, wages for workers grew as employers struggled to hire. It seemed to show that businesses were embracing a simple strategy for luring workers back: Paying them more. Wages rose across the board for workers, increasing by $0.15 to […]

June 8, 2021

The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports. The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down […]