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Bay Area home sales are up 14% from last year, as once-reluctant buyers return to market
This fall, Risabh Kumar spent hours scanning home listings and touring open houses. He and his wife hoped there would be fewer homebuyers searching this time of year, especially with interest rates climbing back up again, but that hasn’t been the case.
“We’re trying to find a sweet spot and felt that, because interest rates are high, we ...Read more
Universal pulls drones from 'CineSational' show
Universal Orlando has suspended the use of drones during “Universal CineSational,” its end-of-night show at Universal Studios theme park. The change comes on the heels of the Dec. 21 incident in which a 7-year-old boy was critically injured by a falling drone that was part of a show at Lake Eola Park in downtown Orlando.
“We have ...Read more
US continuing claims rise to highest in more than three years
Recurring applications for U.S. unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.
Continuing applications, a proxy for the number of people receiving benefits, rose to 1.91 million in the week ended Dec. 14, according to Labor Department data ...Read more
Nantucket's economy would be crushed under NOAA proposed restrictions, fast ferry would be gone: UMass report
BOSTON — What would be the cost of trying to save whales from ship strikes?
Nearly $300 million and 1,500 jobs for the island of Nantucket, according to a new UMass report.
The proposed NOAA vessel speed restrictions would be devastating for Nantucket’s economy and would eliminate all fast-ferry services, the UMass Donahue Institute’s ...Read more
Colorado leads growing movement toward employee-owned businesses
Danielle Carre and her husband Brad started to think about exit strategies.
The couple sat on the verge of retirement, but first needed to figure out the future of their Western Slope solar company, Empowered Energy Solutions.
Carre thought back to college, when she read about worker cooperatives in Spain.
“In the back of our minds, we ...Read more
Housing outlook for 2025: Stubborn mortgage rates, rebounding sales, and flat prices in most places
Home sales across the country should rebound in 2025 after two sluggish years. But buyers shouldn’t count on 30-year mortgage rates dipping much below 6%. And homeowners in many parts of the country will be lucky to capture price gains above 2% next year, according to the National Association of Realtors.
Realtor.com, however, has named ...Read more
Landlords beware: Rent-shamers are calling out overpriced listings online
LOS ANGELES — The Facebook post seemed straightforward enough, offering up a newly built ADU rental in Burbank. Two bedrooms, two bathrooms, 1,000 square feet. A private yard. Finishes “you wouldn’t find in any other ADU.”
The price? $4,500 per month.
“Dam, ya’ll need to chill out!! $4,500 for an ADU??”
“Let the rich become ...Read more
Real estate Q&A: How can we find our dream home?
Q: After several years of renting, we plan to purchase our first home in the new year. Do you have any advice on how we can find our dream home? —Joan
A: Buying your first home is an exciting but anxious time. Getting caught up in the process and ‘losing the forest for the trees’ is easy.
When starting the process, make a written list of...Read more
Honda, Nissan deal may be key in fight against China's BYD
Honda Motor Co. absorbing Nissan Motor Co. could give the two struggling Japanese brands the scale they need to take on China’s BYD Co., sales figures released Wednesday show.
Honda, which earlier this week sketched out plans for a deal that amounts to an acquisition of Nissan, sold 3.43 million cars globally in the first 11 months of 2024. ...Read more
Atlanta Teamster drivers end five-day strike against Amazon on Christmas Eve
Union organizers have called an end to a five-day strike against Amazon by about 100 Atlanta drivers who joined workers at hundreds of other locations around the country.
While the huge company did not acknowledge any impact and rejected calls for bargaining, labor leaders said the strike achieved the goal of raising public awareness about the ...Read more
Rolling Starbucks strike grows to include workers at hundreds of shops
A rolling strike of Starbucks baristas has grown since kicking off Friday to include about 300 of the coffee giant's shops across the U.S., according to the union organizing the work stoppage.
The strike, set to end after Christmas Eve, seeks to pressure Starbucks during the busy holiday season to offer a better wage proposal over what would be...Read more
As the workforce ages, dementia is a concern. Here are ways to help those affected
Families often discover during the holidays that loved ones are struggling with dementia and memory loss, and these cognitive issues are becoming yearlong concerns for employers, too, as they encounter an aging U.S. workforce.
The Alzheimer’s Association collaborated this year on its first report on dementia in the workforce, calling it a “...Read more
The war on wildfires is going high tech
Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be dangerous, given that Lebanon’s hot and dry climate can quickly turn a spark into a conflagration.
But on this day the worst was ...Read more
American Air says Christmas Eve delays caused by tech glitch
American Airlines Group Inc. said a technical vendor glitch was the cause of a brief groundstop on all U.S. flights on Christmas Eve, one of the busiest days of the holiday travel season.
The carrier said Tuesday the delay lasted about one hour, but the issue has been resolved and flights have resumed. It blamed an unspecified technology issue...Read more
Starbucks barista strike expands on fifth day of closures
A Starbucks Corp. barista strike has shut down about 170 cafes, according to the coffee chain, disrupting service at locations nationwide during the final days of the crucial holiday shopping season.
The union said it expects the number of stores impacted to hit 300, but it’s unclear if the group will hit that target by the end of Christmas ...Read more
Starbucks baristas escalate strike on Christmas Eve
Workers at more than a dozen Chicago area Starbucks were on strike Christmas Eve, union organizers said, as baristas escalated a national walkout that began in three cities, including Chicago, on Friday.
Across the country, baristas at more than 300 cafes were striking, according to their union, Starbucks Workers United. The union had ...Read more
Why automakers seek partnerships to reduce costs, advance tech faster
In the increasingly competitive automotive market, General Motors Co. and rival automakers have realized pairing up is not only beneficial but necessary for cost reduction and quicker technological advancement.
GM has long understood the benefits of partnerships. The Detroit automaker, for example, has a longstanding partnership with Japanese ...Read more
Airlines are going premium. Prices are rising. Will cheap tickets be harder to find?
In the midst of holiday shopping and travel, Colorado resident Tom Pipes didn't want to spend extra money on a plane ticket. He flew from Colorado to Los Angeles on Southwest, the grandfather of budget-friendly airlines.
"If there was a first-class option, I wouldn't use it," Pipes said this week after arriving at Los Angeles International ...Read more
'Politics is bad for business.' Why Disney's Bob Iger is trying to avoid hot buttons
Bob Iger wants out of the culture wars.
Walt Disney Co. and its chief executive have made a sharp pivot since doubling down on diversity and inclusion efforts in the wake of George Floyd's murder in Minneapolis four and a half years ago. At the time, Disney's top executives, including then-Chairman Iger, vowed in a message to employees: "We ...Read more
Danny Westneat: Seattle, the remote work capital of the US, is in denial about its effects
The struggles of Seattle's downtown to recover after the pandemic have rightly been blamed on some key factors, such as the inability of the city to get control of public safety there.
But new data from the U.S. Census Bureau shows just how much the change in how we work has affected Seattle — more so than any other city in America.
Seattle ...Read more
Popular Stories
- Rolling Starbucks strike grows to include workers at hundreds of shops
- Honda, Nissan deal may be key in fight against China's BYD
- As the workforce ages, dementia is a concern. Here are ways to help those affected
- Atlanta Teamster drivers end five-day strike against Amazon on Christmas Eve
- Nantucket's economy would be crushed under NOAA proposed restrictions, fast ferry would be gone: UMass report