San Diego has experienced more success in encouraging construction companies to increase housing supply compared to Los Angeles. The city’s policies and regulatory environment have made it easier for builders to move forward with projects, resulting in a higher rate of new housing developments. In contrast, Los Angeles continues to …
The Marble Manor public housing complex in Las Vegas, originally built in the early 1950s, is set to be demolished and redeveloped. The complex was once considered modern, featuring updated kitchens, bathrooms, and climate control systems. Over time, the buildings have aged and no longer meet current housing standards. The …
The average rate for a 30-year fixed mortgage in the United States increased modestly for the second consecutive week, according to data released Thursday by Freddie Mac. Despite the rise, the rate remains close to its lowest point observed in over three years. Freddie Mac’s report highlights that while mortgage …
Exxon Mobil reported an adjusted profit of $6.5 billion for the fourth quarter, surpassing analyst forecasts. The company benefited from consistent oil and natural gas output in key areas, including the Permian Basin in the United States and offshore operations in Guyana. The strong production levels contributed to Exxon’s solid …
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, announced plans to shut down most of its Saks Off 5th outlets. The move is part of a broader effort to reorganize the company’s operations during its Chapter 11 bankruptcy process. The company aims to concentrate on its …
President Donald Trump has nominated Kevin Warsh to serve as chair of the Federal Reserve. If confirmed by the Senate, Warsh would take charge of the central bank responsible for guiding U.S. monetary policy and influencing global financial markets. His leadership could introduce significant shifts in the Fed’s approach. Warsh’s …
US stock indices experienced a decline, with the S&P 500 falling by 0.4%. At the same time, prices for gold and silver saw significant decreases. Investors are responding to uncertainty surrounding the potential impact of President Donald Trump’s new Federal Reserve nominee on future interest rate policies. The market movements …
The U.S. Department of Defense has implemented policies that prevent soldiers from performing maintenance and repairs on their own weapons. Instead, these tasks are increasingly outsourced to private contractors. This shift has raised concerns about costs and efficiency within military operations. The reliance on external companies for weapon upkeep reflects …
Former President Donald Trump has nominated Brett Matsumoto, a longtime government economist, to serve as commissioner of the Bureau of Labor Statistics (BLS). This appointment comes after Trump removed the agency’s previous leader. Matsumoto has extensive experience within the federal statistical system and is recognized for his expertise in labor …
This week, a Waymo autonomous vehicle in California was involved in an incident where a 10-year-old girl was hit. According to reports, the child ran into the street unexpectedly, leading to the collision. Waymo has provided a statement regarding the event, emphasizing the circumstances and their response. The company is …