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Recent Articles from Reuters
Lennar posts weak quarterly profit
Lennar missed Wall Street’s estimates for fourth-quarter profit on Tuesday, as affordability pressures continued to weigh on homebuying demand, sending the company’s shares down more than 4% in after-hours trading.
Virtual power plants improve electric grid while lowering energy costs
Michigan lawmakers propose bills to expand virtual power plants, rewarding clean energy homes and improving grid reliability while lowering energy costs.
Federal Reserve’s Waller signals room for more rate cuts
Fed Governor Christopher Waller says weakening labor conditions leave room for 50–100 basis points in rate cuts, though he sees no rush to move quickly.
Tunnel boring machines arriving soon for $16B Hudson Tunnel Project
Disassembled tunnel boring machines are set to arrive in New Jersey for the $16B Gateway rail tunnel, with work advancing despite funding reviews, delays and legal disputes.
U.S. job growth rebounds in November despite higher unemployment
U.S. job growth rebounded in November as nonfarm payrolls rose, though unemployment hit a four-year high amid trade policy uncertainty.
U.S. homebuilder sentiment climbs to 8-month high in December
U.S. homebuilder sentiment edged up to an eight-month high in December, but activity remained constrained by rising construction costs because of tariffs on imports.
Companies struggle to see returns on AI investments
Businesses are adopting generative AI rapidly, but most are struggling to see profits as chatbots fall short and companies rethink AI spending.
Beyond The Skyline Podcast
Beyond the Skyline is a podcast and video interview about economic development, real estate and construction in Minnesota.
