Solid demand, backlog of home orders favors builders in ’22
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the…
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Shipping CEO: The best solution to global supply chain chaos
Opinion by Vincent Clerc for CNN Business Perspectives Almost everything you buy has traveled along some of the millions of miles of networks that…
Continue Reading The housing market isn’t slowing down anytime soon
By Paul R. La Monica, CNN Business Is the housing market finally losing steam? Home improvement retail giant Lowe’s issued a disappointing…
Continue Reading EU drug agency gives advice on use of Pfizer COVID-19 pill
By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The European Union drug regulator has issued advice on the use of Pfizer’s…
Continue Reading ‘We want to give people hope’: Americans aid tornado victims
By HALELUYA HADERO Associated Press Americans across the country are pitching in to help after last week’s tornadoes ravaged the South and Midwest,…
Continue Reading Chipotle doesn’t want you to order at its newest restaurant
By Jordan Valinsky, CNN Business Digital orders and drive-thrus are the future of Chipotle. Now, the fast casual chain is designing a restaurant to…
Continue Reading Elizabeth Holmes trial: Closing arguments begin
By Sara Ashley O’Brien, CNN Business The government made its final case on Thursday that Elizabeth Holmes knowingly misled investors, doctors…
Continue Reading Alden sues Lee after news publisher rejects its takeover bid
By JOSH FUNK AP Business Writer The Alden Global Capital hedge fund stepped up its efforts to buy Lee Enterprises this week by filing a lawsuit…
Continue Reading Germany getting more vaccines for ‘offensive’ booster drive
By GEIR MOULSON Associated Press BERLIN (AP) — Germany is scrambling to procure more vaccines to fuel what the new health minister calls a “very…
Continue Reading Northern California highway shut down by snow now reopen
REDDING, Calif. (AP) — A section of a major interstate highway in Northern California has reopened after a nearly 24-hour closure caused by…
Continue Reading Tornado-hit factory sued; workers said they couldn’t leave
By BRUCE SCHREINER Associated Press MAYFIELD, Ky. (AP) — Survivors of a tornado that leveled a Kentucky candle factory have filed a lawsuit against…
Continue Reading Cyprus sees full tourism sector rebound by 2024
NICOSIA, Cyprus (AP) — The government of Cyprus expects tourism to start fully rebounding in 2022 after arrivals this year increased a healthy 175%…
Continue Reading Mortgage rates up slightly this week to a still-low 3.12%
By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — The average interest rate on a long-term mortgage in the U.S. ticked up slightly this week…
Continue Reading Meals from a box hold a helping of nostalgia, too
By TRACEE M. HERBAUGH Associated Press Boxed convenience foods aren’t just dinner. For many people born in the latter half of the 20th century,…
Continue Reading Industrial production increases 0.5% in November
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — US industrial production increased 0.5% in November as output at the nation’s…
Continue Reading Congress approves import ban targeting forced labor in China
By ELLEN KNICKMEYER and AAMER MADHANI Associated Press WASHINGTON (AP) — The Senate has given final approval to a bill barring all imports from…
Continue Reading McDonald’s claws back $105 million from fired CEO Steve Easterbrook
CNN By Jordan Valinsky, CNN Business McDonald’s has settled a lawsuit with former CEO Steve Easterbrook, forcing the disgraced executive to…
Continue Reading McDonald’s claws back $105 million from fired CEO Steve Easterbrook
By Jordan Valinsky, CNN Business McDonald’s has settled a lawsuit with former CEO Steve Easterbrook, forcing the disgraced executive to repay…
Continue Reading YouTube star MrBeast rethinks old notions of philanthropy
By MARK KENNEDY AP Entertainment Writer NEW YORK (AP) — The line of cars started forming at dawn. It was early November in Greenville, North…
Continue Reading US jobless claims rise but still historically low at 206,000
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that…
Continue Reading US home construction rebounds a strong 11.8% in November
By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — New home construction in the U.S. rebounded 11.8% in November, as strong demand continues…
Continue Reading Delta CEO: Masks are still important on planes
By Chris Isidore, CNN Business Delta CEO Ed Bastian thinks wearing masks on airplanes is a good idea. The day after Southwest CEO Gary Kelly…
Continue Reading H&R Block is suing Jack Dorsey’s Block for trademark infringement
By Jordan Valinsky, CNN Business H&R Block is suing Block, the digital payments company previously known as Square, for trademark infringement.…
Continue Reading EPA details push to tighten rules for lead in drinking water
By SUMAN NAISHADHAM and MICHAEL PHILLIS Associated Press WASHINGTON (AP) — The Biden administration is taking steps aimed at reducing lead in…
Continue Reading Interest rates are set to rise next year. Here’s what that means
By Julia Horowitz, CNN Business The Federal Reserve has sent a clear signal that the era of rock-bottom interest rates will end in 2022. What’s…
Continue Reading Ousted McDonald’s CEO returns $105M after misconduct
By DEE-ANN DURBIN AP Business Writer Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the…
Continue Reading Delta Air Lines no longer expects to lose money in Q4
Delta Air Lines no longer expects to lose money in the fourth quarter with travel during the holiday season heating up. The company said Thursday…
Continue Reading Bank of England hikes interest rates to tackle rising prices
By Charles Riley, CNN Business The Bank of England is hiking interest rates in an effort to fight surging prices even as the Omicron variant engulfs…
Continue Reading Postal hike doesn’t stop catalogers from stuffing mailboxes
By DAVID SHARP Associated Press PORTLAND, Maine (AP) — A big postal rate increase over the summer hasn’t stopped catalog retailers from stuffing…
Continue Reading Serbia suspends lithium mine plans after protests
By DUSAN STOJANOVIC Associated Press BELGRADE, Serbia (AP) — Local authorities in western Serbia have suspended a plan that would allow mining…
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