3 min
Rise in US home prices cooling as interest rates ratchet up - August 2, 2022 Executive Leadership Briefing
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- Business News
The rising costs of homes cooled in June due largely to rising interest rates, according to real estate analytics company Black Knight. The variance between supply and demand left price gains in a favorable position, although overall home prices are not expected to fall nationally. The firm noted that demand has dropped due to economic circumstances on many buyers’ minds. Renters are likely to experience persistently high rents as landlords kept prices up overall, with many tenants left unsure whether braving the prices or trying to purchase a home is the better financial choice.
More than 50 beverage products were recalled over fears of bacterial contamination, according to manufacturer Lyon Magnus. Products including Oatly, Stumptown Coffee and Premier Protein were listed among the beverages that may have been contaminated, but no reports of illnesses or complaints have surfaced yet. The announcement closely followed the recall of Banana Boat sunscreen products by Edgewell Personal Care due to traces of a carcinogenic substance. Recalls can damage company reputations and lead to lawsuits, with Neutrogena and Revive Superfoods targeted by legal action recently. Despite the threat posed by legal repercussions, large companies tend to easily weather recall challenges compared to small businesses.
Starbucks Workers United requested the coffee company extend wage hikes and expanded benefits originally announced for nonunionized stores to unionized workers without engaging in the usual bargaining process. The company responded to the union’s request by stating that the law prohibits it from expanding benefits or wages without engaging in bargaining. Labor lawyers said the disagreement may have to be arbitrated by the National Labor Relations Board with the dispute framed by a significant increase in union activity within the last year, according to the agency.
A number of workers involved with the cryptocurrency platform Forsage were charged by the U.S. Securities and Exchange Commission for attempting to defraud investors of more than $300 million. The companies’ founders were listed among those charged. The agency alleged they used money from new investors to pay back previous investors in a Ponzi scheme the SEC said was fiercely marketed and deployed on a massive scale. The charges come as the blockchain industry suffers from a reputation of being plagued by scams and leaves legitimate companies with a heavy lift in order to recruit new users.
Thousands of workers engaged in the world’s biggest trial of a four-day workweek in the UK during the past eight weeks with participants reporting improvements in their quality of life and work. Some studies have shown support for a reduced workweek is strong among American workers and demonstrated an increase in productivity and happiness as a result. However, participants in previous studies reported higher stress levels when the four-day workweek was instituted despite the rise in happiness.
CONTENT FACTS.
https://www.turbinelabs.co (Turbine Labs) has tracked 156,988 media articles and blogs and 62,525 social media posts over the last 24 hours.
Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.
The rising costs of homes cooled in June due largely to rising interest rates, according to real estate analytics company Black Knight. The variance between supply and demand left price gains in a favorable position, although overall home prices are not expected to fall nationally. The firm noted that demand has dropped due to economic circumstances on many buyers’ minds. Renters are likely to experience persistently high rents as landlords kept prices up overall, with many tenants left unsure whether braving the prices or trying to purchase a home is the better financial choice.
More than 50 beverage products were recalled over fears of bacterial contamination, according to manufacturer Lyon Magnus. Products including Oatly, Stumptown Coffee and Premier Protein were listed among the beverages that may have been contaminated, but no reports of illnesses or complaints have surfaced yet. The announcement closely followed the recall of Banana Boat sunscreen products by Edgewell Personal Care due to traces of a carcinogenic substance. Recalls can damage company reputations and lead to lawsuits, with Neutrogena and Revive Superfoods targeted by legal action recently. Despite the threat posed by legal repercussions, large companies tend to easily weather recall challenges compared to small businesses.
Starbucks Workers United requested the coffee company extend wage hikes and expanded benefits originally announced for nonunionized stores to unionized workers without engaging in the usual bargaining process. The company responded to the union’s request by stating that the law prohibits it from expanding benefits or wages without engaging in bargaining. Labor lawyers said the disagreement may have to be arbitrated by the National Labor Relations Board with the dispute framed by a significant increase in union activity within the last year, according to the agency.
A number of workers involved with the cryptocurrency platform Forsage were charged by the U.S. Securities and Exchange Commission for attempting to defraud investors of more than $300 million. The companies’ founders were listed among those charged. The agency alleged they used money from new investors to pay back previous investors in a Ponzi scheme the SEC said was fiercely marketed and deployed on a massive scale. The charges come as the blockchain industry suffers from a reputation of being plagued by scams and leaves legitimate companies with a heavy lift in order to recruit new users.
Thousands of workers engaged in the world’s biggest trial of a four-day workweek in the UK during the past eight weeks with participants reporting improvements in their quality of life and work. Some studies have shown support for a reduced workweek is strong among American workers and demonstrated an increase in productivity and happiness as a result. However, participants in previous studies reported higher stress levels when the four-day workweek was instituted despite the rise in happiness.
CONTENT FACTS.
https://www.turbinelabs.co (Turbine Labs) has tracked 156,988 media articles and blogs and 62,525 social media posts over the last 24 hours.
Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.
3 min