The market for rental apartment buildings is tumbling at its fastest-rate since 2009 in the wake of the Great Financial Crisis. The Washington Post obtained data from research firm CoStar Group that show a 74 percent year-over-year drop in sales in the first quarter of 2023. The report found that the decline is partly the result of higher interest rates pushing up financing costs for investors. The recent banking crisis has also been a damper on the market.
The federal government has filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment on the Ohio-Pennsylvania border that spilled hazardous chemicals.
Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission.
The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates.
A new complaint by an advocacy group is urging the Federal Trade Commission to open up an investigation into OpenAI, accusing it of violating part of an FTC Act that prohibits unfair and deceptive business practices.
Kim Billeter, EY Americas People Advisory Services Leader, joins Cheddar News to discuss why empathy is seen as a top leadership skill, and how to authentically lead with empathy.
