Already, new home construction has dropped sharply as borrowing costs climb, declining 14.4 percent in May to the lowest rate in more than a year. Early data suggest that apartment construction is also taking a hit — something industry executives can attest to. David Wali, who runs the Boise office of the Gardner Company, a …
Relief Eludes Many Renters as Fed Raises Interest Rates Read More »
Among his postings as a foreign correspondent, Mr. Clines reported from Moscow as the Soviet Union was falling apart. In addition to a string of Page One articles chronicling the news, he found a perfect metaphor for the crumbling superpower in its airline. March 22, 1991 MOSCOW — Carry-on luggage has been safely stored, including …
Gerald W. McEntee, the longtime president of one of the country’s largest public employee labor unions, died on Sunday at his home in Naples, Fla. He was 87. His death was confirmed by the American Federation of State, County and Municipal Employees (AFSCME), which he led from 1981 to 2012. As the union’s president, he …
Gerald W. McEntee, Union Leader With Political Clout, Dies at 87 Read More »
SAN FRANCISCO — For years, Twitter was a runner-up social media company. It never grew to the size and scale of a Facebook or an Instagram. It simply muddled along. Then, Elon Musk, a power user of the service, stormed in. He offered $44 billion to buy Twitter and declared that the company could perform …
How Elon Musk Damaged Twitter and Left It Worse Off Read More »
In a new scam targeting restaurants, criminals are leaving negative ratings on restaurants’ Google pages as a bargaining chip to extort digital gift cards. Restaurateurs from San Francisco to New York, many from establishments with Michelin stars, said in recent days that they’ve received a blitz of one-star ratings on Google, with no description or …
The Google One-Star Review Scam Targeting Restaurants Read More »
LVIV, Ukraine — Yuriy Zakharchuk once dreamed up combat costumes for the stage, designing everything from medieval armor to space battle suits. But after Feb. 24, the day Russia invaded Ukraine, Mr. Zakharchuk decided to take his business from the realms of fiction into the real world of war brought to his home city of …
In a Time of Conflict, Ukraine Entrepreneurs Make War Their Business Read More »
The most ambitious tax overhaul in a century faced a new setback on Monday when the Organization for Economic Cooperation and Development, which is overseeing the global negotiations, said that proposed rules for how the world’s largest companies would be taxed would not be unveiled until the middle of next year. The delay is expected …
Global Deal to Tax Large Corporations Faces Fesh setback Read More »
A brewing legal battle over Elon Musk’s effort to terminate a $44 billion deal to buy Twitter will most likely land in a courtroom in Delaware. That’s where a 230-year-old court that is a prime venue for corporate battles may hear a case, should Twitter sue Mr. Musk to force a completion of the deal, …
What Is Delaware’s Court of Chancery and Its Role in Elon Musk’s Twitter Deal? Read More »
HONG KONG — A financial scandal in central China has touched depositors across the country, some of whom placed their life savings in four rural banks offering high rates of return, then found their funds frozen as investigators examined allegations of widespread fraud. When the bank customers began showing up in person to demand their …
Security Forces in China Attack Protesters Seeking Frozen Funds Read More »
Rivian Automotive Inc. is planning hundreds of layoffs to trim its workforce in areas where the electric-vehicle maker has grown too quickly, people familiar with the matter told Bloomberg. The cuts will focus on nonmanufacturing roles, including teams with duplicate functions, said the people, who asked not to be identified discussing private information. The actions …
Rivian targeting hundreds of job cuts following surge in staffing, report says Read More »
