The American housing market took off during the early months of the COVID-19 pandemic. The homeownership rate – or the share of housing units occupied by their owner – jumped by 2.6 percentage points from the first quarter to the second quarter of 2020, by far the largest increase ever […]

Despite the stock market doldrums since the beginning of the year, the pandemic has been generally good to investors. The S&P 500 finished 2020 up over 16% and 2021 with a near 27% return. Many asset manager firms were able to capitalize on this, as assets continued to balloon – […]

Philips Respironics, a unit of Dutch consumer electronics giant Philips Electronics NV, has recalled V60/V60 Plus and V680 ventilators in the United States due to a potential issue with the electrical circuit, the U.S. Food and Drug Administration said. For the rest of the world, the company has issued a […]

New York (CNN Business)The Justice Department indicted Mining Capital Coin CEO Luiz Capuci Jr. for “allegedly orchestrating a $62 million global investment fraud scheme,” the agency said Friday. Mining Capital Coin, or MCC, is a cryptocurrency mining and investment platform. Capuci, who is from Port St. Lucie, Florida, allegedly misled […]

While much of our freshwater resources are polluted, Americans are, for the most part, protected from potential health effects through drinking water standards and restrictions on fishing and swimming. It is much harder to avoid exposure to pollutants in the air. Air pollution increases the risk of lung infection, heart […]

New York (CNN Business)Around the world, warning signs of a recession are flashing. Wall Street is on edge. Central banks are hiking interest rates to try to rein in inflation. And geopolitical upheaval is exacerbating supply chain headaches that began in 2020. “We will get a major recession,” Deutsche Bank […]

Asian stock markets are trading mostly lower in thin trading on Monday due to a holiday in most markets, following the broadly negative cues from Wall Street on Friday, amid lingering concerns about inflation and the prospect of aggressive rate hikes by central banks around the world. Asian markets closed […]

President Joe Biden has made a $33 billion supplemental budget request to Congress to provide security, economic, and humanitarian assistance to Ukraine battling Russian invasion. Out of this record aid package, $20 billion is aimed at providing military and other security assistance to keep weapons and ammunition flowing to the […]

EXCLUSIVE: Dan Baime, an ICM Partners agent of 25 years, partner and co-head of the Production Department, is leaving the agency business to segue to management. He is launching his own management firm, Intenta Management, with his long-time client John Cena as Intenta’s first client. ICM agent and partner Lara […]

Karine Jean-Pierre, a former political analyst for NBC News and MSNBC, will step to the podium as White House Press Secretary when Jen Psaki exits next week. She had been the principal deputy press secretary and deputy assistant to President Joe Biden. “Karine not only brings the experience, talent and […]