Record

Juul agrees to pay $438.5M in a record settlement, while a newer vape maker gains steam

Juul agrees to pay $438.5M in a record settlement, while a newer vape maker gains steam

Juul has long argued that it’s trying to save lives; meanwhile, its own existence seems precarious at times. Right now is one of those times. As reported earlier today by numerous outlets, the once high-flying e-cigarette company just agreed to a $438.5 million settlement with 33 states that alleged the company marketed its product to …

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SMUD preparing for rolling blackouts as Sacramento hits record temps. Here’s how they’d work

SMUD preparing for rolling blackouts as Sacramento hits record temps. Here’s how they’d work

On a day forecast to become the hottest in city history, Sacramento Municipal Utility District said it “anticipates energy shortfalls” that may lead to rolling power outages Tuesday afternoon or evening, a measure SMUD has not taken in more than two decades. The utility company in social media posts Tuesday morning said “record demand” has …

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California vows to ban gas-fueled cars. But its record on big climate promises is mixed

California vows to ban gas-fueled cars. But its record on big climate promises is mixed

It was the sort of bold, climate-focused initiative that California has developed a reputation for — an effective ban on the sale of new gasoline-powered cars by 2035. But last month’s historic vote by the California Air Resources Board follows a number of sweeping state environmental actions that have met with varying degrees of success. …

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Record hot labor market has Minnesota scrambling for workers

Record hot labor market has Minnesota scrambling for workers

Ice cream scoopers can make $17 an hour and at least one firm has recruited people from Puerto Rico, in a state with an unemployment rate of 1.8 percent. September 4, 2022 at 7:00 a.m. EDT Robbie Wright paints pieces of metal equipment at family-owned Jones Metal in Mankato, Minn., last month. (Caroline Yang for …

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$14.9M palatial estate in Connecticut priced to break local record

$14.9M palatial estate in Connecticut priced to break local record

Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone residence, built in 1929, is the most expensive home for sale in New Canaan with a $14.9 million price tag. Prices in the wealthy enclave, about …

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China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: a record heatwave

China just ran into something that could be even more devastating for its supply chains than COVID-19 lockdowns: a record heatwave

COVID-19 lockdowns in China threw a wrench into global supply chains earlier this year, causing shipping and production delays worldwide, and hindering economic growth. Now, the country is facing another major threat—and this one could be even worse for the economy. China has been coping with its worst heat wave in 60 years this month, …

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China deploys cloud-seeding planes and cuts electricity use as record heatwave takes toll

China is scrambling to alleviate power shortages and bring more water to the drought-hit basin of the Yangtze river as it battles a record-breaking heatwave by seeding clouds, deploying relief funds and developing new sources of supply. For more than two months, baking temperatures have disrupted crop growth, threatened livestock and forced industries in the …

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Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers

Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers

No, consumers didn’t suddenly flock back to the mall. That was just a media joke. They bought online more than ever. Sales at department stores fell. By Wolf Richter for WOLF STREET. The retail sales data, reported today by the Census Bureau, are based on surveys of about 5,500 retail businesses across the US, what they said their …

Ecommerce Sales Spike to Record. Retail Sales ex Gas Stations, ex Auto Dealers Jump to Record. Plunging Price of Gasoline & Shortage of New Vehicles Dog those Retailers Read More »

Home prices hit a new record high in the second quarter

Home prices hit a new record high in the second quarter

The median single-family existing home price in the second quarter was $413,500 — the first time this quarterly price has ever risen above $400,000, according to the latest quarterly report from the National Association of Realtors. Home prices for the quarter were up 14.2% from a year ago, slightly slower than the 15.4% year-over-year price …

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