The Wall Street Journal: Baby formula setback: Abbott plant in Michigan floods, production halted
Abbott Laboratories said it has paused baby-formula production at its plant in Sturgis, Mich., after recent thunderstorms flooded part of the facility, causing another setback for the company’s efforts to help alleviate a nationwide formula shortage.
Tax Guy: Selling a vacation home that’s gone up in value? Here’s one way to avoid a tax hit
A Section 1031 exchange lets owners unload property while limiting the tax impact, but it may take some time to make it work.
: ‘We are so burned out, exhausted, overworked, and over-tired’: Women plead with Congress to act on paid leave and rising child-care costs during emotional hearing on Capitol Hill
Speaking before the House Ways and Means Committee Wednesday, women said they the economy was failing them.
Crypto: Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
Some market participants are now worried about the contagious risks Celsius and Three Arrows Capital may pose to the whole crypto market, if, in a worst-case scenario, the firms were to become insolvent.
Dow Jones Newswires: Japan’s exports rise in May on robust demand
Japan’s exports increased in May for the 15th consecutive month, driven by robust overseas demand for steel and mineral fuels, Ministry of Finance data showed Thursday.
The Fed: As Fed aggressively raises rates, here are 4 takeaways from Jerome Powell’s press conference
Consumer inflation data on July 13 is the must-see economic indicator.
: It’s now more expensive to own a home than to rent one than at any time since 2000. Here’s what that means for house prices
The housing market may be slowing down, but owning a home is still a costly proposition.
: As Fed raises rates, economists are now warning of ‘overvalued’ property markets. Some homes in Provo, Utah, drew 50 offers at the peak of housing boom. Not anymore.
An influx of California residents, coupled with a big millennial home-buying population, and a housing shortage, are all pressuring Utah home prices.
: Lego to build $1 billion, carbon-neutral toy factory in Virginia
The company said 100% of the factory’s energy needs will be matched by an onsite solar park, and that the plant will be designed to minimize energy consumption.
Economic Report: ‘Clear sign of a slowing housing market’: Home builder confidence falls for 6th straight month in June
The key index for U.S. builder sentiment dropped to lowest level since June 2020.