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Microsoft CEO Satya Nadella speaks at the Axel Springer building in Berlin on Oct. 17, 2023. He received the annual Axel Springer Award. Ben Kriemann | Getty Images Among the thousands of Microsoft employees who lost their jobs in the cutbacks announced this week were 830 staffers in the company’s home state of Washington. Nearly […]
A Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024. David Paul Morris | Bloomberg | Getty Images Home Depot said Monday that it is buying GMS, a building products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals. Shares of […]
Sales of previously occupied US homes slowed in March, a sluggish start to the spring homebuying season as elevated mortgage rates and rising prices discouraged prospective home shoppers. Existing home sales fell 5.9% last month from February to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said Thursday. The […]
The Sundance Film Festival is venturing to a new town. After a year of deliberations, copious site visits and scores of plane rides, the board of the Sundance Institute has chosen Boulder, Colo., to host its film festival beginning January 2027. “Boulder is a tech town, a college town, it’s a really creative town,” Eugene […]
KB Home’s new wildfire-resilient neighborhood in Escondido, California. CNBC Just months after raging wildfires destroyed thousands of homes in the Los Angeles area, California-based KB Home is unveiling what it calls its first “wildfire-resilient” community. The development, in Escondido, just outside San Diego, will have 64 single-family homes when completed that all meet the wildfire […]
A tropical “paradise” is coming to the concrete jungle. Grupo Gitano signed a lease for a nearly 14,000 square-foot theme restaurant and club on two levels at Pier 17 — the first major deal by the property’s new owner, Seaport Entertainment Group (SEG). The East River structure is home to restaurants including Jean-Georges Vongerichten’s Fulton […]
New York Gov. Kathy Hochul wants to make it more difficult for private equity firms and hedge funds to buy up residential properties in the Empire State. Hochul on Thursday proposed several measures to the state budget that would prevent institutional investors from bidding on homes in the first 75 days that they are listed […]
This isn’t working out. Remote work policies ushered in by the COVID-19 pandemic have taken a serious toll on employees’ social and emotional well-being, a new study found. A shocking 25% of remote workers say their social skills declined since going fully remote, with millennials being the most susceptible to the harms of telecommuting, a […]
