Business

More Companies Start to Rescind Job Offers

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the …

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I'm the COO of a mortgage company that's funded more than $100 billion in loans.  Here are the 3 things you need to know about the housing market now

I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now

Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely …

I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now Read More »

MBTA pulls all new Orange Line cars after 'battery failure;'  says another up escalator reversed direction with passengers on it

MBTA pulls all new Orange Line cars after ‘battery failure;’ says another up escalator reversed direction with passengers on it

Responding to questions from the Globe late Tuesday, Battiston said that on Sunday at the Chinatown station an “escalator malfunctioned and reversed direction from up to down” with about 10 passengers on it. She said no injuries were reported. Amid the litany of woes, Senate President Karen E. Spilka and House Speaker Ronald Mariano ramped …

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Dow Jones Futures Fall After Market Rallies;  Here Comes Fed Chief Powell

Dow Jones Futures Fall After Market Rallies; Here Comes Fed Chief Powell

Dow Jones futures fell sharply early Wednesday, along with S&P 500 futures and Nasdaq futures, with recession fears rising with Fed chief Jerome Powell set to testify before Congress on Wednesday morning. X The stock market rally attempt had a strong session on Tuesday. But it’s still a rally attempt within a bear market. Cheniere …

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Bayer at 'end of rope' in Roundup cases, St. Louis attorney says |  Local Business

Bayer at ‘end of rope’ in Roundup cases, St. Louis attorney says | Local Business

WASHINGTON — The US Supreme Court on Tuesday rejected a bid by biotech giant Bayer to end thousands of lawsuits alleging its Roundup weedkiller causes cancer, likely costing the company billions of dollars in settlements. The decision is another key defeat for Bayer. Together, the setbacks are expected to eliminate a legal standstill in unresolved …

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Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar jet dispute

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar jet dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial giant Airbus (AIR.PA) and Qatar’s national carrier. From a distance, the planes might seem like any other long-haul jetliners crowding …

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Facebook to ax ‘discriminatory’ algorithm in US government settlement | Meta

Facebook will change its algorithms to prevent discriminatory housing advertising and its parent company will subject itself to court oversight to settle a lawsuit brought by the US Department of Justice on Tuesday. In a release, US government officials said that Meta, formerly known as Facebook, reached an agreement to settle the lawsuit filed the …

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Elon Musk says he never told people to invest in crypto.  Here's what he has said.

Elon Musk says he never told people to invest in crypto. Here’s what he has said.

With the entire cryptocurrency market currently tanking and major crypto firms becoming insolvent, one would think Elon Musk might reflect on some of his recent statements with a little contrition. After all, Musk is a big proponent of cryptocurrency, right? “I have never said that people should invest in crypto,” Elon Musk told the crowd …

Elon Musk says he never told people to invest in crypto. Here’s what he has said. Read More »