California the top choice for Chinese homebuyers, who spent 83% more on US homes this year
They also were more likely to pay in all cash than any other buyer group.
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ICE raids derail Southern California economy as workers go into hiding
Real estate developers say they’re struggling to find crews to keep projects on track in a sector that relies heavily on immigrant labor.
California running out of safe places to build homes due to fires, rising seas
About 101,500 new housing units were permitted statewide last year, a 9% drop from the previous year and the state’s lowest annual total since 2015.
New-home sales drop by most since 2022 on poor affordability
“This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit Union.
Online job hunting firm CareerBuilder + Monster files bankruptcy
Careerbuilder + Monster, a firm that brought together early trailblazers in online job recruiting, filed for bankruptcy protection in Delaware on Tuesday.
Auto tariffs seen hiking car prices by nearly $2,000 per vehicle
Those higher prices will result in about 1 million fewer vehicles sold in the US over the next three years,
How Donald Trump is turning the US into an EV laggard
While China dominates the market for plug-in vehicles, in part thanks to government incentives, “all major EV policies in the US are under fire.”
JetBlue steps up cost cuts on weaker-than-expected travel demand
JetBlue Airways Corp. plans to hasten cost cuts by eliminating some flights, ending service to a number of cities and restructuring its leadership ranks.
AMD says new chips top Nvidia’s in booming AI chip field
Though AMD remains a distant second to Nvidia in the chips that help develop and run artificial intelligence tools, it aims to start catching up.
Elon Musk pins Tesla’s comeback on robotaxis after retreat from feud with Donald Trump
Tesla Inc. already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with President Donald Trump...