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Gas prices increase in synch with oil costs and growing demand

One reason gas prices are rising is because more drivers are on the road. (iStock) According to the latest AAA, gas prices rose by a nickel this week due to higher crude oil prices and an increase in motorists as the winter weather thaws. report. According to Energy Information Administration (EIA) data, as oil prices […]

Fat Tuesday in New Orleans brings bakeries huge demand for King Cakes

Carnival season is here in New Orleans, and there are long lines outside local bakeries and inside, employees are selling king cakes, the colorful seasonal dessert that has exploded in popularity over the past few years. It’s buzzing with activity as they work hard to meet customer demand for pastries. “Mardi Gras is the busiest […]

Mortgage rates dip slightly as demand remains stalled

Dana Peterson, chief economist at the Conference Board, said the leading indicators are great for the commodity economy when it comes to “making money.” Mortgage rates fell slightly this week, but this slight drop is of little consolation to potential home buyers and sellers as demand remains largely stagnant. Freddie Mac’s latest primary mortgage market […]

NYC office market rebounds quickly as NYC demand surges 40%

Manhattan’s pandemic-battered office market is on the verge of a remarkable recovery, exciting business advocates and restaurant owners as well as landlords. Manhattan’s office market bottomed out in 2023 with a vacancy rate of more than 20%, but the near-term future looks brighter, according to a new report from national real estate technology platform VTS. […]

Israeli Hostage Families Block Border, Demand No Gaza Aid Until Relatives Freed

Relatives and supporters of Israeli hostages held by Hamas have tried to block the flow of humanitarian aid into Gaza over the past week, rallying at border crossings to protest and refusing to allow supplies to pass through Israel. They are obstructing convoys of trucks transporting them. Since the beginning of the war, Israel has […]

UPS to cut 12,000 jobs as delivery demand slows

UPS announced plans to cut 12,000 jobs this year due to weak shipping volumes, a plan the shipping giant says will save the company $1 billion. The company announced at its financial results conference on Tuesday that average daily domestic shipments decreased by 7.4% and domestic shipments decreased by 8.3%. UPS announced fourth-quarter sales of […]

Texas again rebuffs DHS demand for ‘full access’ to disputed border area

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