Business

What Is Your Housing Situation? We Want to Hear From You.
Business

What Is Your Housing Situation? We Want to Hear From You.

“No society can be fully understood apart from the residences of its members.”I have that quote (from “Crabgrass Frontier,” the seminal history of America’s suburbs) taped to a wall behind my desk. It summarizes why I love covering housing for The New York Times and seem never to run out of things to write about. Housing is everything. It’s where we live and raise our families. It is most people’s largest store of wealth. Whether you own, you rent, or you sleep outside, where you hang your head defines much of your existence.Over the past few decades, and especially since the pandemic, housing has gone from a symbol of American strength to an everyday crisis. Aspiring homeowners are becoming forever renters. People live in increasingly crowded households, the supply of illegal housing has ...
Moon Lander Is Lying on Its Side but Still Functional, Officials Say
Business

Moon Lander Is Lying on Its Side but Still Functional, Officials Say

One day after its historic landing, the first private spacecraft on the moon is in good condition but has toppled over, the company that built it reported on Friday.The spacecraft, named Odysseus, set down in the moon’s south pole region on Thursday evening, the first U.S. vehicle to land softly on the moon since Apollo 17 in 1972.“The vehicle is stable near or at our intended landing site,” Steve Altemus, the chief executive of Intuitive Machines said during a NASA news conference on Friday. “We do have communications with the lander.”He added, “That’s phenomenal to begin with.”But the landing did not go perfectly. Because the spacecraft fell over, its antennas are not pointed directly at Earth, limiting the amount of information that can go back and forth.Odysseus has not sent back any p...
New Freighters Could Ease Red Sea Cargo Disruptions
Business

New Freighters Could Ease Red Sea Cargo Disruptions

After the Houthi militia started attacking container ships in the Red Sea last year, the cost of shipping goods from Asia soared by over 300 percent, prompting fears that supply chain disruptions might once again roil the global economy.The Houthis, who are backed by Iran and control northern Yemen, continue to threaten ships, forcing many to take a much longer route around Africa’s southern tip. But there are signs that the world will probably avoid a drawn-out shipping crisis.One reason for the optimism is that a huge number of container ships, ordered two to three years ago, are entering service. Those extra vessels are expected to help shipping companies maintain regular service as their ships travel longer distances. The companies ordered the ships when the extraordinary surge in worl...
Walmart’s Earnings Rise on Holiday Sales and Surging E-Commerce
Business

Walmart’s Earnings Rise on Holiday Sales and Surging E-Commerce

The NumbersWalmart said its comparable store sales were up 4 percent in the three months that ended in late January compared with the year before. The number of transactions at Walmart rose 4.3 percent, but the average ticket price slightly decreased 0.3 percent, a sign that shoppers spent a little less on shopping trips. The retailer’s online U.S. sales increased 17 percent, and its online global sales jumped 23 percent, surpassing $100 billion. Losses for the e-commerce business were slowing as the company spent less on fulfillment costs, John David Rainey, Walmart’s chief financial officer, said in an interview. He added that more customers were using Walmart’s delivery services, helping to reduce costs.“Instead of a Walmart delivery being delivered to one house on a cul-de-sac, now we’...
Nature Has Value. Could We Literally Invest in It?
Business

Nature Has Value. Could We Literally Invest in It?

Picture this: You own a few hundred acres near a growing town that your family has been farming for generations. Turning a profit has gotten harder, and none of your children want to take it over. You don’t want to sell the land; you love the open space, the flora and fauna it hosts. But offers from developers who would turn it into subdivisions or strip malls seem increasingly tempting.One day, a land broker mentions an idea. How about granting a long-term lease to a company that values your property for the same reasons you do: long walks through tall grass, the calls of migrating birds, the way it keeps the air and water clean.It sounds like a scam. Or charity. In fact, it’s an approach backed by hardheaded investors who think nature has an intrinsic value that can provide them with a r...
Tucker Carlson’s Lesson in the Perils of Giving Airtime to Vladimir Putin
Business

Tucker Carlson’s Lesson in the Perils of Giving Airtime to Vladimir Putin

Tucker Carlson left Moscow more than a week ago, riding high from an interview with President Vladimir V. Putin of Russia that returned him to the spotlight after his abrupt cancellation by Fox News last spring.But the interview with the wartime autocrat, mocked in various corners of the political-media world for its soft touch, continues to have a long and tortured afterlife — becoming a trending topic all over again on Friday after Mr. Putin’s most vocal domestic opponent, Aleksei A. Navalny, turned up dead in a Russian prison.“This is what Putin’s Russia is, @TuckerCarlson,” Liz Cheney, the former Republican congresswoman from Wyoming, wrote on X after the news of Mr. Navalny’s death broke on Friday. “And you are Putin’s useful idiot.”Naomi Biden, President Biden’s granddaughter, also w...
Three Lessons From a Surprisingly Resilient Job Market
Business

Three Lessons From a Surprisingly Resilient Job Market

The pandemic created an economic crisis unlike any recession on record. So perhaps it shouldn’t be surprising that the aftermath, too, has played out in a way that almost no economists expected.When unemployment soared in the first weeks of the pandemic, many feared a repeat of the long, slow rebound from the Great Recession: years of joblessness that left many workers permanently scarred. Instead, the recovery in the labor market has been, by many measures, the strongest on record.In early 2021, some economists foresaw a surge in inflation. Others were skeptical: Similar predictions in recent years — in some cases from the same forecasters — had failed to come true. This time, however, they were right.And when the Federal Reserve began trying to tamp down inflation, there were warnings th...
Bob Moore, Who Founded Bob’s Red Mill, Is Dead at 94
Business

Bob Moore, Who Founded Bob’s Red Mill, Is Dead at 94

Bob Moore, the grandfatherly entrepreneur who, with his wife, Charlee, leveraged an image of organic heartiness and wholesome Americana to turn the artisanal grain company Bob’s Red Mill into a $100 million-a-year business, died on Saturday at his home in Milwaukie, Ore. He was 94.His death was announced by the company, which did not cite a cause.Founded in Milwaukie in 1978, Bob’s Red Mill grew from serving the Portland area to become a global natural-foods behemoth, marketing more than 200 products in more than 70 countries. The company’s product line runs a whole-grain gamut, including stone-ground sorghum flour, paleo-style muesli and whole wheat-pearl couscous, along with energy bars and cake and soup mixes.Over the years, the company profited handsomely from the nutrition-minded shif...
Pro Sports in Las Vegas Aren’t Cheered by Everyone
Business

Pro Sports in Las Vegas Aren’t Cheered by Everyone

The history of Las Vegas has been marked by a relentless churn of hotels, casinos, theaters and restaurants. But only recently has the city’s landscape included major professional sports teams.The Golden Knights of the National Hockey League were the first to start play here in 2017. The Aces of the Women’s National Basketball Association started in 2018, and the National Football League’s Raiders arrived from Oakland in 2020. Last year, Major League Baseball’s Athletics were given the go-ahead to make the same Oakland-to-Las Vegas move, and the National Basketball Association is expected to add a team in the coming years.Las Vegas’s transformation into a pro sports town reflects not just the leagues’ interest in the city and their general embrace of sports betting, but also the power of t...
The New N.F.L. Owners?
Business

The New N.F.L. Owners?

As team valuations skyrocket, the league is weighing whether to relax ownership rules that prohibit investment from private equity funds. More information