Tag: mar 16 2021

Gambling that demand for Big Apple apartments will bounce back and rents will rise in response, some landlords are keeping empty New York City apartments off the market, Business Insider reported. Last August, landlords had “warehoused” 5,563 flats, according to UrbanDigs, a real estate analysis firm. The number dropped to 1,814 in February, but that...

While there is a building boom going on in much of the nation as people escape inner cities for suburbs and ex-burbs, the employment levels in the construction industry continue to fall. Only eight states have regained the number of construction jobs they had in February 2020 and 19 states lost building jobs in January...

Although every state now allows indoor restaurant dining to some degree, and 22 states permit eateries to be open at full capacity, 47 percent of potential diners are not ready to enter, according to a late February poll by CivicScience. About 37 percent of respondents were planning to eat inside a restaurant in the week...

At the end of December, U.S. households measured a record net worth of $130.2 trillion, according to an 11 March report by the U.S. Federal Reserve. Net worth is the difference between assets and liabilities. The gain was driven by rising interest rates on bonds, housing prices that climbed 13 percent last year, and a...

New claims for unemployment benefits dropped to 712,000 in the week ending 5 March from 754,000 the week before, the fewest new filings since early November, the U.S. Labor Department reported. In February, U.S. employers added 379,000 jobs, the most since last October, the Department noted. Although the trend is positive, weekly unemployment filings had...

So-called “value” stocks – those trading at low multiples of their net worth – are outperforming growth stocks, such as those in tech, by the widest margin since the tech bubble burst in 2001, Dow Jones Market Data reported. Stocks trading at those low multiples in 2020 tended to be the ones hit hardest by...

Rising for six consecutive sessions, the Dow Jones Industrial Average grew 4.1 percent for the week ending 12 March and closed at 32,778.64, its best week since November. The S&P 500 added 2.6 percent last week, and the NASDAQ gained 3.1 percent, reversing a three-week string of losses, although it remained 5.5 percent below its...