Tag: general labor issues
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Need in the office market is spreading to high-end buildings
Defaults and vacancy rates in high-end office buildings are on the rise, the latest sign that remote working and rising interest rates are spreading pain to more corners of the commercial real estate market. For much of the pandemic, buildings in central locations with modern amenities outperformed their less expensive counterparts. Some were even able […]
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Rivian is bringing more engineers to the Illinois EV plant to speed up production
Electric vehicle manufacturer Rivian Automotive Inc. RIVN -0.66% is moving parts of its production engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced shortly and will result in a significant portion of the […]
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The Fed’s Jerome Powell says data will determine the size of the next rate hike
WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that officials were keeping their options open about how much to raise interest rates this month after investors interpreted his comments Tuesday as suggesting a half-percentage point hike was likely. His remarks during two days of congressional hearings show how the central bank is considering a […]