During her Senate confirmation hearing to become secretary of housing and urban development this year, Marcia Fudge said HUD, “perhaps more than any other
Category Archives: business
Surfside collapse could turn real estate market into feeding frenzy for coastal developers
“Now you’re going to see what we call condo terminations, where developers buy out old buildings, tear them down and put up new ones,” one real estate agent warned.
Wells Fargo tells customers it’s shuttering all personal lines of credit
Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC
Biden to take executive action to lower shipping costs amid rising consumer prices
Shipping costs have skyrocketed in part due to the supply chain shakeups caused by the pandemic, raising the costs of consumer goods.
Multiple states agree to $4.5B deal in Purdue Pharma opioid lawsuit
The payment will go toward the settlement of thousands of opioid cases, although the company is not admitting to any wrongdoing in a national crisis that has led to fatal overdoses.
Jobless claims unexpectedly rise to 373,000
First-time claims are up, a potential warning sign for job growth in the coming months.
China fines tech giants in bid to tighten control of fast-developing industries
China’s leaders worry about the dominance of its biggest internet companies, which are expanding into finance, health services and other sensitive areas.
Bill, Melinda Gates to run foundation jointly after divorce
If French Gates resigns, Gates would essentially buy her out of the foundation, one of the world’s largest private charitable organizations.
The massive ship that blocked the Suez Canal has finally set sail again
The Ever Given blockage had brought the key global trade route to a standstill and captured global attention.
Pentagon cancels $10 billion cloud contract that Amazon and Microsoft fought over
The Department of Defense announced Tuesday it’s calling off the $10 billion cloud contract that was the subject of a legal battle involving Amazon and Microsoft.