A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices. That’s a weaker pace than in May of this year, which …
Category Archives: World News
US wants miracle to keep away from recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of Morgan Stanley Asia, warns the US needs a “miracle” to avoid a recession. “We’ll definitely have a recession as the lagged impacts of this major monetary …
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US bonds in focus after Powell indicators additional rate of interest hikes
It comes shortly after the Fed’s Powell delivered his annual policy speech at Jackson Hole, Wyoming, on Friday. Powell said that the US central bank will “use our tools forcefully” to attack inflation that is still running near its highest level in more than 40 years. He acknowledged that rising interest rates will cause “some …
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How Amazon is giving Rivian an edge within the EV business
Following in Tesla’s footsteps, another electric vehicle company has been making a name for itself, with a unique spin: Rivian Automotive. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Rivian launched its first vehicle, the …
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Enjoying the sustainable vitality transition
Earlier this month, the Biden administration took a major step in combating the climate crisis with the passage of the Inflation Reduction Act, which includes roughly $370 billion in energy and climate incentives – mostly in the form of tax credits, according to Goldman Sachs. But with potential ripple effects on global supply chains as …
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Local weather change might deliver again wind as the facility supply for ocean ships
Airseas, the maritime unit of France’s Airbus, has developed a gigantic, automated kite called Seawing, which essentially tows a ship. Airseas The shipping industry accounts for nearly 3% of the world’s total greenhouse gas emissions, producing as much manmade carbon dioxide as all the coal-fired power plants in the US combined. Still, it’s a relatively …
Meta Horizon vp Vivek Sharma is leaving the corporate
Facebook is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the US and Canada. Courtesy of Meta The vice president of Meta’s Horizon social media virtual reality software, Vivek Sharma, is leaving the company, a spokesperson said Friday. Sharma has been with Facebook parent Meta for the …
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Figma rising inside Microsoft, testing longtime cope with Adobe
Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Microsoft and Adobe have been friendly bedfellows for decades. Microsoft’s dominant PC operating system has been the gateway for Adobe to reach millions of business users with its design software. The companies’ CEOs even …
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Restaurant homeowners throughout the nation are pushing to make avenue meals everlasting
The pandemic pushed consumers out of dining rooms and onto sidewalks, parking lots and open streets. Now comes the urge from restaurant owners to keep their outdoor dining, tents and sheds forever. In July, the San Francisco board of directors voted for the permanent introduction of restaurant parklets. Atlanta and Philadelphia are among the cities …
Tesla TSLA Q3 2021 car supply numbers
The Tesla logo that can be seen in one of its showrooms. Tesla today announced its results for the first quarter of 2021. Toby Scott | LightRakete | Getty Images Tesla delivered 241,300 electric vehicles in the third quarter of 2021, the company reported on Saturday. Deliveries for the quarter exceeded expectations. Analysts predict that …