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Business

Amid Housing Crises, Vacation Towns Limit Short-Term Rentals

STEAMBOAT SPRINGS, Colo. — In the Colorado ski town of Steamboat Springs, motels line the freeway, once filled with tourists eager to pitch down the slopes or bathe in the local hot springs. Now residents like Marc McDonald, who keep the town humming by working service-level jobs, live in ...

DeAngelo On ‘Super Lawyer’ List

Charles S. DeAngelo, a partner in Fessenden Laumer & DeAngelo, PLLC, was recently honored once again by being named to the Upstate New York 2022 Super Lawyers list. It is the sixth time DeAngelo has been named to the Upstate New York Super Lawyer list. DeAngelo was selected in the ...

Three Reasons Not To Tap Into Home Equity

Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, ...

Sunrun CEO Sees Need For Rooftop Solar

NEW YORK — As the head of the nation’s largest rooftop solar installer, Mary Powell has a stake in the recently passed Inflation Reduction Act, which includes tax credits to make rooftop solar more affordable. But the CEO of Sunrun’s excitement about the bill’s passage goes beyond ...

Target Takes Second Quarter Hit After Heavy Discounts To Clear Inventory

NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics. In early June, Target warned that it was canceling orders from suppliers and ...

Hot Dogs Vs. Deli Meat: Rising Costs Shape Choices At Walmart

NEW YORK — With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna. That boosted sales for Walmart in the second quarter, ...