In a paradox that challenges conventional economic theories, the multifamily rental market has reached a pinnacle of construction not seen in nearly five decades, yet the competition remains fiercer than ever. In 2022, developers completed approximately 600,000 new apartment units—a staggering leap of 34% from the prior year, and the highest output since 1974, as
Business
Retailers are often barometers of consumer sentiment and economic conditions, and as Target prepares to report its fiscal fourth-quarter earnings on Tuesday, all eyes are on the retail giant to gauge its performance in a challenging marketplace. Analysts expect that Target will reveal earnings per share of $2.26 and a revenue figure of $30.8 billion,
Serena Williams, the tennis icon renowned for her record-breaking achievements on the court, is taking her passion for women’s sports to new heights with a significant investment in the Toronto Tempo, the Women’s National Basketball Association’s (WNBA) newest expansion team. Announced on Monday, this move marks a historic moment as the Tempo becomes the league’s
In a remarkable progression within the pizza industry, Domino’s is set to launch its long-anticipated Parmesan Stuffed Crust pizza, a notable addition to its menu that aims to capture a share of a lucrative market. This decision marks a significant milestone not only for Domino’s, the largest pizza chain in the United States, but also
In a bid to keep up with an increasingly competitive airline industry, American Airlines has announced its plans to conduct trials for complimentary inflight Wi-Fi service starting next week. This decision comes amid a growing trend among carriers to offer free internet access as a standard, leaving those who continue to charge for such services
In an era where airlines are fiercely competing to attract affluent travelers, the evolution of first and business-class cabins has reached unprecedented levels of luxury. Passengers can now enjoy amenities such as heated or cooled seats, ultra-high-definition screens, and even convertible beds. However, behind this opulent facade lies a complex web of challenges facing industry
In recent weeks, developments surrounding the Consumer Financial Protection Bureau (CFPB) have sparked significant controversy, primarily revolving around the potential dismantling of the agency under leadership appointed during the Trump administration. This situation raises not only questions about the future of consumer protection in financial services but also highlights broader issues concerning governmental oversight and
In a significant shift reflective of broader trends in corporate America, Paramount Global recently announced the discontinuation of several diversity, equity, and inclusion (DEI) policies. This decision, revealed through an internal memo, has raised eyebrows and sparked discussions about the future of DEI initiatives in large organizations. As companies navigate changing political climates and varying
General Motors (GM) is making headlines as it rolls out significant financial initiatives aimed at reinforcing investor confidence amidst rocky market conditions. The company has announced a notable 25% increase in its quarterly dividend, bringing it up to 15 cents per share, while also unveiling a robust $6 billion share repurchase program. This dual approach
On Tuesday, Eli Lilly made significant strides in enhancing patient access to its weight loss medication, Zepbound. By introducing higher doses through single-dose vials priced competitively, the pharmaceutical giant aims to mitigate accessibility issues faced by uninsured patients or those with Medicare who do not have coverage for this essential medication. The move reflects a