In recent months, the housing market in Washington, D.C., has experienced an extraordinary surge in available homes. Data from Realtor.com indicates that inventory in the metropolitan area is not just ticking upward; it is dramatically soaring. With a jaw-dropping year-over-year increase of 56% in active listings compared to just a year ago, the D.C. housing
Business
The intersection of food safety and health has been a contentious battleground in the political landscape, especially under the shifting administrations in Washington. Recently, Secretary of Health and Human Services Robert F. Kennedy Jr. held a notable meeting with executives from major food companies, delivering a clear message: it’s high time to eliminate harmful ingredients
In an unexpected twist, Delta Air Lines recently trimmed its revenue and profit projections for the first quarter, starkly revealing the turbulence that lies ahead for the airline industry. Initially predicting a healthy revenue growth of 6% to 8%, Delta has now tempered expectations to a modest increase of merely 5%. This pivot captures a
In a political climate where partisanship often defines alliances, the unexpected alliance between Shawn Fain, the President of the United Auto Workers (UAW), and President Donald Trump on the issue of North American tariffs is a revelation that demands scrutiny. Fain, previously an outspoken critic of Trump’s policies, has evolved into a supporter of tariffs
As the landscape of consumer finance evolves in the United States, a surprising turn of events has emerged that flips conventional wisdom on its head. Historically, large banks and their financial allies have vehemently opposed the Consumer Financial Protection Bureau (CFPB), a government entity that many in the industry perceivably positions itself as a thorn
Costco’s latest earnings report revealed a mixed bag that demands critical scrutiny. With earnings per share (EPS) coming in lower than Wall Street expectations at $4.02 instead of the anticipated $4.11, many investors felt the sting of disappointment. Rarely does a giant like Costco falter, and even more rarely do they miss their EPS targets.
Recent developments have surfaced around Visa’s collaboration with Elon Musk’s social media platform, X, previously known as Twitter, as it gears up to introduce a digital wallet. This partnership raises numerous flags for consumers and regulators alike, particularly under the scrutiny of Senator Richard Blumenthal. As the stakes grow higher in the emerging intersection of
The fact that flights at several Florida airports were recently halted due to a SpaceX Starship testing failure reveals a troubling angle to the world of private space exploration. Aviation is already under immense pressure, with airlines and passengers dealing with an abundance of delays and cancellations due to a variety of factors, from weather
Macy’s recent financial report has triggered a volley of reactions among investors and analysts alike. The latest quarter yielded an overall mixed bag of results that leave much to be desired. Comparable sales during the holiday season exhibited a decline of 1.1%, a stark reminder of the challenges facing the once-beloved department store. This drop
Last year marked a pivotal moment in the world of real estate, with the construction of nearly 600,000 multifamily rental units—the most significant leap in the last four decades. At first glance, this influx of new apartments might inspire optimism. One would think that with such unprecedented development, the dire rental market would finally find