How to Navigate a Hot Housing Market

The home-buying market this spring is not for the faint of heart. The main challenge is that the supply of homes for sale in most parts of the country continues to fall far short of demand. That is pushing up prices to heart-stopping levels in many markets. A lack of construction over the past decade, plus pent-up demand from pandemic […]

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Gas crunch from cyberattack intensifies in nation’s capital

Gas shortages at the pumps are spreading from the South to the Mid-Atlantic states, where Virginia and the District of Columbia have become some of the hardest-hit areas following a cyberattack that forced a shutdown of the nation’s largest gasoline pipeline. The tracking service GasBuddy.com on Friday showed that 88% of gas stations were out of fuel in Washington, D.C., […]

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U.S. retail sales unchanged in April; prior month revised higher

WASHINGTON (Reuters) – U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded, but an acceleration is likely in the coming months amid record savings and a reopening economy. The Commerce Department said on Friday the unchanged reading in retail sales last month followed a 10.7% surge in March, an upward revision from the previously reported […]

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Faith-Based Investing Makes Up Ground in Gains and Convenience

The intersection of faith and money can be complicated. But investing by the tenets of your faith has become easier, and in many cases it’s neither less profitable nor more risky than investing without a religious screen. There are Islamic exchange-traded funds and real estate investment trusts, Jewish venture capital funds and Catholic separately managed accounts. And these strategies are […]

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U.S. import prices increase solidly in April

FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019. REUTERS/Brendan McDermidWASHINGTON (Reuters) – U.S. import prices increased solidly in April, the latest sign of inflation ramping up as the economy reopens. Import prices rose 0.7% last month after surging 1.4% in March, the Labor Department said on Friday. The sixth straight monthly gain […]

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New Mask Rules Are Tricky for Business

Companies are navigating conflicting guidance on pandemic precautions. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Lauren Hirsch and Ephrat Livni Want this newsletter delivered directly to your inbox? Sign up here. Now what? The C.D.C. surprised health experts, political leaders and others yesterday when it announced that vaccinated people could go maskless in most places, including indoors. The agency’s advice doesn’t override […]

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SFO investigating Gupta business empire including Greensill finance links

The Serious Fraud Office has said it is investigating steel tycoon Sanjeev Gupta’s business empire – including links with Greensill Capital. The SFO said in a statement said it was looking into “suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG)”. It said […]

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Fear of God to Be Spotlighted in Next Nordstrom Pop-up

Nordstrom has teamed with buzzy Los Angeles-based brand Fear of God for its latest pop-up concept. The retailer turned to Fear of God founder Jerry Lorenzo for the 13th edition of its New [email protected], which will feature exclusive mainline and Essentials younger-skewed product as well as drops from the brand’s Seventh Collection offering, its collaboration with New Era and its […]

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Bad blood: The rise and fall of Theranos boss Elizabeth Holmes

When Theranos founder Elizabeth Holmes came walking through the office, employees would mutter “E is coming” under their breath. “We didn’t want to say her name out loud,” says Cheryl Gafner, a former receptionist at the biotechnology company. “It was like Beetlejuice, if you said it three times then s*** would happen.” Perhaps workers were on to something. Today, Holmes, […]

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Savvy self-promotion: The delicate art, and science, of bragging

We know that success at work depends on being — and being seen as — both competent and likable. You need people to notice your growth and accomplishments while also enjoying your company. But this puts you in a predicament. If you draw attention to your accomplishments — to ensure that managers and peers recognise them — you risk coming […]

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