The housing market has been all but impossible to crack for many buyers the past two years. The coupling of mortgage rates and home prices being on the rise made the thought of buying a house painful—and, for sellers, losing their sub-3% mortgage rates from the pandemic made it nearly unbearable to let go of … Read more
Kroger’s $24.6 billion acquisition of competing grocery chain Albertsons could be in jeopardy after two challenges by state attorneys general—and a claim by Colorado’s top lawyer that the companies colluded to hurt workers and protect their bottom line. Last week, Colorado state attorney general Phil Weiser sued to block the merger of two of the … Read more
For more than a decade, an abandoned piece of a Japanese rocket has been speeding uncontrolled around Earth, at risk of colliding with active satellites and causing havoc in orbit. Now a Tokyo-based startup run by a veteran of McKinsey & Co. and Japan’s Ministry of Finance is sending a spacecraft to inspect the debris, … Read more
Telluride, a ski resort destination in Colorado, is the first vacation town to sell municipal bonds for affordable housing this year. It likely won’t be the last. The reason for last week’s sale is immediately apparent by typing “Homes for Sale Telluride Colorado” in an Internet browser. The websites that appear show that anyone wanting to buy … Read more
Nvidia Corp.’s market-leading advance has left even the bulls questioning if an earnings beat will be enough to propel the AI chipmaker’s shares higher. The key now, for Nvidia and the entire market, is ‘whether the company can meet revenue estimates and assure investors that it sees further growth in generative artificial intelligence. Goldman Sachs … Read more
It should come at no surprise that virtually every successful business has an accounting expert. If someone isn’t tracking the books, it’s likely your business won’t be a business for much longer. Thus, the need for those with the up-to-date financial and business acumen is paramount in today’s fast-moving world. But, there’s a major challenge: … Read more
Investors have long had a love affair with U.S. tech stocks from the boom cycle of the late ‘90s and early 2000s that famously ended with the dotcom crash, to the AI-induced heights of Nvidia’s current stock rally. Love affairs, though, often end badly, and this one could leave investors nursing both an aching wallet … Read more
Ghosting isn’t just for dating anymore. Now Gen Z are treating their would-be employers like bad dates and not showing up for job interviews or their first day on the job without as much as a phone call. Employment website Indeed surveyed 1,500 businesses and 1,500 working people in the U.K. and found that job … Read more
Germany has watched its economic brand diminish in the face of economic indicators that make analysts cringe and embarrassing comparisons with the rampant U.S. Now, German companies are voting with their feet and cash by committing record levels of capital to the U.S., showing the private sector’s dismay at the state of Germany’s economy and … Read more
Retired Army Col. Farrell Patrick taught computer science at West Point during the 1970s and then at two private universities through the 1990s, so he isn’t surprised by the progress technology has made over the decades. But when the 91-year-old got his first virtual reality experience recently, he was stunned. Sitting in a conference room … Read more