Business

Economy

The frenzied housing market has hit a serious speed bump

5:08am October 21, 2022

September's existing home sales dropped 24% from a year ago — to the lowest level in a decade. Prices fell too. Higher mortgage rates have thrown cold water on the once hot market.

The Bulldog watch, released by MB&F in March 2020, retails for $100,000 and sold out almost immediately.

What the wild journey of a $100,000 watch can teach us about global markets

5:08am October 21, 2022

by Stacey Vanek Smith

The luxury watch market was a sleepy, shrinking industry until it got caught up in a tidal wave of market forces.

Lately, more and more people have been getting axolotls as pets.

It seems like everyone wants an axolotl since the salamander was added to Minecraft

11:51am October 20, 2022

by Halisia Hubbard

The axolotl has captured hearts thanks to TikTok and the popular video game Minecraft. More and more people have been getting them as pets, which is impacting how they're bred and sold.

They inhaled asbestos for decades on the job. Now, workers break their silence

10:10am October 20, 2022

While the U.S. considers finally banning the carcinogen, a group of men have come forward, saying they were exposed repeatedly while working at a chemical plant in New York.

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Education

College endowments are experiencing some whiplash

7:23am October 20, 2022

by David Gura

After setting records in 2021, endowment returns have fallen dramatically amid economic uncertainty. Some colleges and universities have endowments that rival the economies of entire countries.

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Drew Greenblatt runs Marlin Steel Wire Products in Baltimore. Ten months ago, he bought a second plant in Indiana that supplies the auto industry, among other customers.

U.S. factories emerge as a strong point in a weakening economy

5:00am October 20, 2022

by Scott Horsley

Factories have added 467,000 jobs in the last 12 months, as production jumped to its highest level since 2008. But manufacturing remains a much smaller slice of the U.S. economy than it used to be.

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Tesla CEO Elon Musk attends the opening of Tesla factory Berlin-Brandenburg in Gruenheide, Germany on March 22.

Economy

Tesla bounces back after a production slowdown

9:16pm October 19, 2022

by Mary Yang

Tesla CEO Elon Musk looks to quell investors' fears of slowing demand as inflation puts a strain on the auto industry.

California's gas prices top $6 a gallon in October

4:37pm October 19, 2022

by Raquel Maria Dillon

California's gas prices, well above the national average, have gone into overdrive, topping $6 a gallon in October. Why is gas so expensive in a state that's synonymous with the automobile?

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The GOP thinks inflation and gas prices could be winning issues in Calif. district

4:37pm October 19, 2022

by Marisa Lagos

In California's Latino-majority 22nd congressional district, inflation and gas prices are big concerns. The GOP thinks those could be winning issues in the district.

Factory employment is back to pre-pandemic levels, but will it continue to rebound?

4:37pm October 19, 2022

U.S. factories ramped up production, adding 22-thousand workers in September. Factory employment is back to pre-pandemic levels, but it's not likely to rebound to what it was in the last century.