House construction in the U.S. declined in October more than expected, while the number of permits for single-family homes tumbled, another sign of growing reluctance among home builders to increase inventory as many buyers are pushed out of the market. Residential starts — including both single- and multi-family units — decreased 4.2% last month to a 1.425 million annualized rate, according to government data released Thursday. Economists surveyed by Bloomberg had forecast a 2.0%… Source link
Read More »‘Collapse in single-family permits is the real story’
A steep drop in building permits in August overshadowed the better-than-expected rise in new residential construction and offered fresh evidence of a housing slowdown. “In short, ignore the headline starts numbers,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote. “The collapse in single-family permits is the real story, and it has much further to go.” Residential starts — including both single- and multi-family units — increased 12.2% last month to a 1.575 million… Source link
Read More »Google leads U.S. business push to preserve work permits for H-1B spouses
FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo (Reuters) – Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc… Source link
Read More »Google leads U.S. business push to preserve work permits for H-1B spouses
A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Alphabet Inc’s (GOOGL.O) Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc for families,… Source link
Read More »Google leads U.S. business push to preserve work permits for H-1B spouses
Bloomberg Inflation Risk Sinks 80% of Europe’s Company Debt Sold This Year (Bloomberg) — Buyers of newly-minted corporate bonds are already nursing losses as inflation fears send government bond yields climbing.About four fifths of high-grade non-financial corporate bonds priced in Europe this year are quoted below their issue price, based on data compiled by Bloomberg. Last Friday, the share of post-issue losers stood at under 50%.This bleak statistic underscores the damaging effect on… Source link
Read More »Google leads U.S. business push to preserve work permits for H-1B spouses
FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo (Reuters) – Alphabet Inc’s Google said on Friday it was leading about 30 companies and trade groups in opposing a lawsuit that seeks to stop over 90,000 spouses of highly skilled U.S. visa workers from having jobs in the country. The organizations contend undoing employment authorization for spouses would cause financial havoc… Source link
Read More »