LOS ANGELES (AP) — Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than a decade, hampered by a strong dollar and more hurdles that have kept the housing market in a deep sales slump for over two years. Some 54,300 previously ...
NEW YORK (AP) — Dollar General has agreed to pay a $12 million fine and improve conditions at its thousands of retail stores nationwide to make them safer for workers, the U.S. Department of Labor said Thursday. The discount retailer and the Occupational Safety and Health Administration reached the settlement to resolve alleged violations that included unsafe storage, blocked emergency exits and fire extinguishers, and inaccessible electrical panels. If inspectors find similar problems in the future, Dollar General may be fined $100,000 a day for any that are not resolved within 48 ...
Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. The results announced Thursday painted a portrait of a company still gathering momentum after a jarring decrease in subscribers during the first half of 2022 prompted a change in direction. Netflix added 8 million subscribers during the April-June period, marking a 37% increase over the same time last year. It was the sixth-consecutive quarter of that Netflix’s ...
WASHINGTON (AP) — Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years on the Fed’s interest-rate-setting committee, Mester was likely to favor relatively higher interest rates to contain inflation. This stance earned her the label of “hawk,” which describes officials who typically worry most about controlling inflation. (“Doves,” by contrast, tend to focus more on keeping rates low to maximize employment.) Yet in a recent interview ...
Key members and supporters of Retool’24 visited the manufacturing sites of Artone LLC and New Flyer following the conference that was held recently at the Chautauqua Harbor Hotel. The tour group included professionals from the Jamestown Board of Public Utilities, the New York State Energy ...
NEW YORK (AP) — Cost pressures continue to hurt small businesses. In particular, rent inflation is a pressure point for small businesses, according to new data from the Bank of America Institute. The average monthly share of rent in total payments through May is 9.1%, up significantly from ...
