Browsing: Business

In Lincoln Park, Stubblefield’s new house first was listed in April for $1.69 million. Built in 2007, the house has 4½ bathrooms, four fireplaces, LED recessed lighting throughout, an open floor plan, a primary bedroom suite with a 6-foot soaking tub and an electric fireplace, a penthouse with a wet bar, and a kitchen with quartz countertops and Sub-Zero and Wolf appliances, including a 146-bottle dual-zone wine refrigerator.

The S&P 500 was 0.1% lower, as of 9:50 a.m. Eastern time, after an early 0.7% gain quickly vanished. It’s coming off a jolting stretch where it swerved at least 1.2% in five straight days, pounded by uncertainty about how badly the newest coronavirus variant will hit the economy and about when the Federal Reserve will halt its immense support for financial markets.

The government’s survey of businesses showed a slowdown last month in hiring at restaurants, bars and hotels, which added just 23,000 jobs, down from 170,000 in October. That could reflect the effects of an uptick in COVID-19 cases last month and a reduction in outdoor dining.

A clerk counts money at the sports book at Freehold Raceway on Oct. 24, 2020, in Freehold, N.J. With advertisements for sports betting blanketing the airwaves, some in the industry and their pro sports and technology partners are starting to ask how much is too much? (Wayne Parry/AP)

Corporate travel has been especially hard-hit during the pandemic, as people are quicker to plan vacations than business trips, especially as employers delay reopening offices amid a new wave of infections this fall. The emergence of a new highly transmissible variant, omicron, has added uncertainty about the timing for a broader return to business travel. Just last week, the U.S. imposed new restrictions on travel from South Africa and seven other countries in the region.

“We sued them in 2008 for Clean Air Act violations, reached an agreement with them to curb emissions in 2012, and now here we are in 2021 reaching another agreement after they violated the first one,” said Ann Alexander, senior attorney at the Natural Resources Defense Council. “Let’s hope this settlement is the end of the matter.”

A pedestrian drops a dollar into a collection basket as Michelle Miranda of The Salvation Army looks on during the charitable organization’s drive-through donations event at the TCL Chinese Theatre, Thursday, Dec. 10, 2020, in Los Angeles. (Chris Pizzello/Chris Pizzello/Invision/AP)