The prices people expect tomorrow influence demand and supply today. Economists say “fundamental” economic factors, such as interest rates and household income, determine house prices. For some unknown reason, economists…
Category: Business News
Singapore just took Hong Kong’s place as Asia’s top financial center—and is the new partner to London and New York
Singapore has overtaken Hong Kong to become Asia’s top financial center — and the third in the world — according to a new report that puts New York and London…
FTC: Andy Jassy, Jeff Bezos must testify after appeal rejected
WASHINGTON (AP) — Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government’s investigation of Amazon Prime, rejecting the company’s complaint that the…
Iran’s conservative women join backlash over enforcement of hijab rule
A staunch supporter of the Islamic republic of Iran, Fatemeh wears a black chador. The 53-year-old’s brother died a martyr’s death during the war with Iraq and she is married…
Commentary: South Korea’s next export boom won’t be chips or K-pop
South Korea is making a splash when it comes to the arms trade. On July 27thSouth Korea signed one of its biggest export contracts ever. It wasn’t for semiconductors, or…
Citi’s CEO says company is considering Connecticut and New Jersey offices to beat commute
Citigroup’s chief executive, Jane Fraser, said the investment bank may have something in the works to help its employees save time and money as the country deals with 8.3% year-over-year…
Pilot shortage spurs airline to lure workers with interest-free loans
This past summer, as many travelers contended with delays or canceled flights, airlines repeatedly invoked the same excuse: There aren’t enough pilots to keep up with demand. Now, one airline…
New COVID variants may evade current treatments—or render them entirely ineffective, experts say
Future COVID variants are expected to be more transmissible and perhaps better at evading the immune system. And they might even render treatments for patients like monoclonal antibodies “less effective,”…
Putin pressured as Russians slam draft while nationalists rip prisoner swap
Vladimir Putin’s Ukraine war woes just worsened, despite being plenty bad in both Russia and on the battlefield. After the Russian president announced a partial mobilization on Wednesday to support…
Chip shortage forces Honda to cut back auto production
Chip shortages continue to hit production schedules for vehicle manufacturers, and Honda is the latest major automaker to be forced into some big production cutbacks. A shortage of semiconductor chips—essential…