BUSINESS
World Bank Warns Food, Gas Prices May Not Lower Before Mid-2022 Due to Rising Energy Costs
"Recent volatility in prices may complicate policy choices as countries recover from last year's global recession," said Ayhan Kose, chief economist and director of the World Bank's Prospects Group.
U.S. Median Home Price Over $352K, First-Time Buyers Purchasing at Lowest Level Since 2015
The National Association of Realtors said that the number of previously occupied homes sold rose 7 percent in September compared to August.
Concerns Mount Some Unemployed Have Stopped Looking for Work as Job Postings Hold Steady
Labor Department data shows that hiring has slowed in the past two months while the number of available jobs are at near-record levels.
Work Life in Turmoil? Here Are Ways to Rethink—and Remake—Your Career
COVID has upended work for many of us: Dory Clark offers some tips to remake our work selves.
Evergrande Asset Dump Fails, No Progress on Other Sales Ahead of Saturday Deadline
The deal would have secured Evergrande with $2.6 billion ahead of a Saturday deadline marking the end of a 30-day grace period on its missed loan payment.
Jobseekers Say Flexible Hours a Top Factor While Companies Struggle to Fill Roles
A recent ManpowerGroup study found nearly 40 percent of job candidates ranked schedule flexibility in their top three factors in career decisions.
Evergrande Sale Delayed as Company Seeks to Avoid Default, Other Firms Continue to Spiral
The delay comes as Evergrande nears the end of the 30-day grace period on a missed bond payment from September.
Can Wall Street Trust the People's Bank of China?
Scott Kennedy, trustee chair in Chinese business and economics at CSIS, said that trust hinges on the bank's intentions.
SEC Says "Meme-Stock" Surge Earlier This Year Didn't Broadly Affect Hedge Funds
Report on "meme-stock" surge has suggested the extreme trading in GameStop this year won't require system changes.
Toyota to Build $1.29B Battery Factory in U.S. That Will Employ 1,750 People
Toyota and other companies announced plans Monday to build factories or raise funds as they anticipate a transition from gas-powered vehicles to electric ones.
Facebook Targets EU Workers to Help Build Metaverse, Bring Social, Economic Opportunities
Once inside this virtual world, users can hold virtual meetings and use cryptocurrencies or other means to buy virtual land, clothes and digital assets.
Boeing Faces Employee Protest Over Vaccine Mandates Amid Claims of Workplace Culture Issues
A local reporter said the crowd outside Boeing's facility in Everett, Washington seemed to be a mix of employees and individuals with anti-vaccine sentiments.
Worker Shortage to Blame for Supply Chain Issues—When Can We Expect Improvements?
While other nations have shipped an "unprecedented" number of products to America, the U.S. cannot keep up with demand as its supply chain workers age out.
Evergrande CEO Prepares to Break Apart Company in Attempt to Avoid Default
These meetings come as the company has missed three loan payments and oversees a number of unfinished developments.
People's Bank of China Says Evergrande Debt Situation Is 'Controllable,' Market Is Stable
The director of the financial markets department said the government would ensure individual house purchases were safe.
3 Million U.S. Workers Have Not Resumed Job Search After COVID Pandemic Layoffs
The number of employees being laid off has dropped, but businesses are still struggling to find employees to fill vacancies left by the pandemic layoffs.
Joe Biden's HHS Secretary Has the Power to Lower Drug Prices. He Isn't Using It
Xavier Becerra pushed Trump to limit pharmaceutical price gouging. Now he's the one refusing to act.
John Deere Strike 2021: Why Are Workers Taking Industrial Action and How Long Will It Last?
The latest industrial action taken by thousands of John Deere workers marks the first major strike against the company in 35 years.
Border Towns Hope for Spending Boost as Canadian, Mexican Residents Can Soon Enter U.S.
Mexican visitors account for 65 percent of retail sales in Del Rio, Texas, and business owners are hoping eased restrictions will lead to economic recovery.
Companies Hit By Worker Strikes in Recent Weeks, John Deere Latest Impacted
"If we take a stand here for ourselves...it's going to make a difference for the whole manufacturing industry. Let's do it," a John Deere employee said.
'Contagion is Already Spreading': What String of Real Estate Company Woes Means for China
"It's one thing to say that the problem is controllable, it's another to control it," said Logan Wright of the Rhodium Group.
Tesla Faces $114M in Fines if It Doesn't Tell U.S. Why It Failed to Issue Safety Recall
U.S. safety investigators said manufacturers must issue product recalls if "a defect that poses an unreasonable risk to motor vehicle safety" is found.