Business

Big homes in these warm weather cities are heating up the real estate market

With more Americans looking for more space, homes that encompass 4,000 square feet or more were selling faster in more than 70% of the country’s 150 biggest cities and surrounding suburbs last month, as compared to the same time period last year, according to data from Realator.com. In Miami, the medium list price for homes […]

Business

Yellen projects full employment in 2022, interest rates to remain low

President Biden signed the $1.9 trillion bill last week, putting into motion a number of extensions to existing programs as well as a fresh round of stimulus checks. Despite concerns about the ballooning $28 trillion national debt, Yellen praised the massive bill, saying it will provide relief to people who need it, particularly the unemployed. […]

Business

Thorntons: Chocolate maker to close all shops putting 600 jobs at risk

The decision to close its 61 shops will put more than 600 jobs at risk. The company said it had been badly hit by the pandemic, which forced its stores to shut their doors during the crucial Christmas and Easter holidays. “The obstacles we have faced and will continue to face on the High Street […]

Business

Elon Musk changes job title to ‘Technoking of Tesla’

Mr Musk will still retain his position of chief within the company, the US Securities and Exchange Commission (SEC) filing said. Tesla’s chief financial officer, Zach Kirkhorn, has the new title of Master of Coin. This may refer to the company’s $1.5bn (£1.1bn) purchase of Bitcoin this year. Neither Mr Musk or Mr Kirkhorn have […]

Business

Provident plan to cap doorstep lending compensation

The company said the future of its doorstep lending arm was at risk if claimants did not approve the move. Doing so would lead to payouts estimated to be around 10% of a compensation entitlement, but customers would get nothing were it to fold. ‘Vicious circle’Provident has been lending on the doorstep since the 1880s […]

Business

Avatar reclaims title as highest-grossing film

The sci-fi epic debuted in 2009 and held the global box office title for a decade until it was overtaken by Marvel’s Avengers: Endgame in 2019. Following its re-release in the world’s biggest movie-watching market of China worldwide total sales pushed it above the $2.8bn (£2bn) mark on the weekend. China has been the top-performing […]

Business

Garden furniture shortage no picnic for retailers

A combination of high demand and shipping problems is being blamed for the shortages. Furniture giant Ikea is among the retailers experiencing supply issues. Companies say that shipping costs to import goods from countries such as China have risen dramatically. The Leisure and Outdoor Furniture Association, which represents 70 manufacturers and wholesalers, said all of […]