If you know of local business openings or closings, please notify us here. PREVIOUS OPENINGS AND CLOSINGS · Air Products and Chemicals Inc.’s chosen warehouse developer, Prologis Inc., will have to wait until July 13 for a final decision by Upper Macungie Township’s zoning hearing board on 2.61 million square feet of warehouses.  · Chubby’s ...

Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong Kong stock exchange. The bond had no grace period for the principal, according to its offering document. China’s real estate sector has been lurching from one crisis to another since ...

Coming off its fastest growth spurt in 37 years, the U.S. economy heads into the second half of 2022 caught between sputtering and slamming into reverse. There’s no doubt that conditions are slowing. The question is whether the current period ends up being a necessary downshift to control inflation, or an outright recession that could ...

The scorching pandemic-era US housing market is on the verge of a “coast to coast” price correction as the Federal Reserve hikes interest rates, a prominent economist warned this week. Mark Zandi, chief economist at Moody’s Analytics, said his firm expects home prices to sink in key competitive markets that are the most “juiced” or ...

The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, edging up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter of 2008. “Fixed mortgage rates have increased by more than two full percentage ...

KANSAS CITY, Mo. — With a struggling economy, everyone is trying to stay afloat. Financial barriers, like the fact that it’s now more expensive to take on a loan, can weigh some down. This week, the Federal Reserve raised its key interest rate by three-quarters of a point. It’s the biggest increase since 1994, and ...

For nearly 30 years, Virginia Rubio has lived in a trailer park in Forks, Wash., where monthly rent teeters around $350. Now it’s shooting up to $1,000. Rubio, a retired home-care aide who lives on food stamps and $860 in Social Security each month, says there’s no way to make the math work. She owns ...

Check out the companies making headlines before the bell: Jabil (JBL) – The contract electronics manufacturer saw its stock rise 1.2% in premarket trading after beating top and bottom-line estimates for its latest quarter. Jabil earned an adjusted $1.72 per share, 10 cents above estimates, and said it continued to see solid demand from its ...

ATHENA — Saudi Arabia’s Ambassador to Greece Saad Al-Amaar inaugurated the Saudi Commercial Attaché in Greece on Wednesday. The Saudi Commercial Attaché from the General Authority for Foreign Trade Abdulaziz Al-Gaith, who began his duties recently, participated in the inauguration. The deputy governor of the General Authority for Foreign Trade Mishaal Al-Moqbel stressed that the ...

HOUSE PRICES in Finland are expected to normalise after a period of unusually rapid growth due to rising interest rates and slowing down of overall economic activity. OP Financial Group on Tuesday revealed it expects house prices to climb by 0.5–1.5 per cent in 2022 and by no more than 0.5 per cent in ...