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Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.
Persons: , Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, , they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP
They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .
Persons: it’s, could’ve, William Lazonick, , It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, , , Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, , NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America
GLENDALE, Ariz. (AP) — Shohei Ohtani walked through his new spring training clubhouse wearing a simple white T-shirt with one word “BOSS” across the front in big, dark capital letters. The two-time Most Valuable Player might not be in charge of these Los Angeles Dodgers, but there's little doubt who commands the most attention. “Try to get along with all the guys and teammates.”The Dodgers had their first official workout of spring training on Friday, with pitchers and catchers reporting. Los Angeles could start a lineup that includes fellow All-Stars like Betts, Freeman, Max Muncy and Will Smith. The Ohtani deal was even richer than many expected and then days later, Los Angeles landed right-handed pitcher Yoshinobu Yamamoto with a $325 million, 12-year deal.
Persons: Shohei Ohtani, , Ohtani, baseball's, ” Ohtani, , Mookie Betts, Freddie Freeman haven't, Betts, Freeman, Max Muncy, Will Smith, Ohtani's, Yoshinobu Yamamoto, Dave Roberts, he's, ” Roberts, I've, Taylor Swift, harkened, Barry Bonds Organizations: Los Angeles Dodgers, Dodgers, San, San Francisco Giants Locations: GLENDALE, Ariz, San Diego, Seoul, South Korea, Angeles, Los Angeles, Arizona
I cried the day my son was accepted into a public school pre-k program. After four years of dreading his monthly Montessori school tuition, it felt like we had finally summited Mt. There I was, an alternative weekly editor, and my husband, a young high school teacher. Thus, the waterworks the day we learned our 4-year-old had been accepted to a public school via the Montessori lottery. But as all too many parents know, the high price of private day care tuition doesn't go away with the final statement of charges.
Persons: we'd, I'm, tony, doesn't Organizations: Service, Dock, Theatre Locations: Charleston, South
CNN —There is arguably nothing more glamorous, and chaotic, in sport than an F1 grid just moments before a race. And while stepping onto an F1 grid remains an unfulfilled dream in the lives of many motorsport fanatics around the world, for Jodie Porter, it’s simply a part of the day job. It’s the best of the sport that you can experience,” Porter tells CNN Sport. Please don’t get run over.’”Mixing with the starsMany fans around the world only get to experience the grid through the eyes of one particular journalist: Martin Brundle. As they approached the grid, Porter says a security guard stopped the Australian singer from entering because her open-toe sandals were not permitted on the track.
Persons: Jodie Porter, it’s, , Porter, Kylie Minogue, Terry Crews –, ” Porter, It’s, celebs, dripped, David Beckham, Clive Mason, you’ve, I’m, Martin Brundle, Paolo Banchero, Patrick Mahomes, Megan Thee Stallion’s, , “ Martin, Terry Crews, Minogue, Lewis, Organizations: CNN, Social, Red, Hospitality, CNN Sport, Red Bull, Prix, Qatar, Getty, Sports, NFL, Ferrari, Las Locations: Las Vegas, Vegas, Monaco, Sin City
I tried 28 dips and spreads from Trader Joe's to see which would be the best for a Super Bowl party. As a regular connoisseur of Trader Joe's salsas and spreads, I decided to try some of the chain's most popular dips. AdvertisementThe pimento cheese dip basically was comfort food in a containerTrader Joe's pimento cheese dip was soft and flavorful. VERDICT: I may not be an expert on Southern dips, but Trader Joe's pimento cheese option tasted like a winner. So it was unsurprising that Trader Joe's upgraded version of this familiar favorite turned out to be one of the standout dips I tried.
Persons: Joe's, , Wilson, I'm, I'd, could've, Savanna, pico de gallo, Wilson I'm, jalapeño hummus, hummus, it's, Wilson It's, tzatziki, Wilson I've, Joe's tzatziki, Margherita, I've, pico, gallo, It's, Wilson Chunky, you've Organizations: Super Bowl, Service, Wilson, Joe's Locations: Buffalo, Savanna, Southern, dill, Joe's Buffalo, Monterey Jack, cayenne
And it’s not just the winds making the waters rough – the Drake is basically one big surge of water. We’re not gambling.”Even with that extra safety margin, though, he admits that crossing the Drake can be a hairy experience. A dangerous thrillAurora Expeditions' Greg Mortimer ship has a patented bow to make a Drake crossing more stable. “The only thing that works for me is going to the ship’s medic for a scopolamine patch,” he says. “If you were going to the moon, you’d expect the journey to be uncomfortable but it’d be worth it,” she says.
Persons: CNN —, ” Alfred Lansing, Ernest Shackleton’s, Drake, , it’s, Mike Hill, Adam ”, Alexander Brearley, , ” “, Storm Isha, Brearley, That’s, It’s, Clelia, Fiona Stewart, Garett McIntosh, Horn, , Stanislas Devorsine, Sue Flood, Le Commandant Charcot, ” Devorsine, Devorsine, “ We’re, Jamie Lafferty, “ Drake, Greg Mortimer, Tyson Mayr, He’s, Mundy, Edwina Lonsdale, ” Lonsdale, Sylvia Earle, Lonsdale, DreamPictures, acupressure, ” Jamie Lafferty, I’ve, ” Warren Cairns, There’s Organizations: CNN, British Antarctic Survey, Atlantic, , AP, South America –, Aurora Expeditions, Institute of Polar Sciences, National Research Council of Locations: Antarctica, isn’t, South America, Ireland, Panama, Europe, South, California, New York, Cape Horn, South Africa, Australia, New Zealand, , France, Cape, National Research Council of Italy, it’s, Lonsdale
New York CNN —Federal Reserve Chair Jerome Powell said the time is coming for interest rate cuts, but asked Americans for a bit more patience in the central bank’s fight against inflation. That means the Fed is due to cut rates in 2024, which officials themselves projected in December. But the central bank’s January policy statement pushed back on expectations of the first rate cut coming at their next meeting in March. Still, financial markets see a 20% chance the Fed will cut rates in March and a 71.3% chance they cut in May, according to the CME FedWatch Tool. But that hasn’t stopped Congress from pressuring Powell to cut rates.
Persons: Jerome Powell, “ We’ve, ” Powell, , Price, Powell, , Scott Pelley, can’t, hasn’t, Democratic Sen, Sherrod Brown, ” Brown, Brown, Elizabeth Warren, we’re Organizations: New, New York CNN — Federal, CBS, Fed, Federal Reserve, Governors, Democratic, Banking, New York Community Bancorp, New York Community Locations: New York, Street, Ukraine, Asia,
Gluten-free English muffins make breakfast easy and tasty. Trader Joe's gluten-free English muffins toast perfectly. Aefa MulhollandThe English muffins are fantastic to have in the freezer when I need to rustle up eggs Benedict or breakfast sandwiches for gluten-free guests. Once toasted, they have a surprising amount of flavor, with just the perfect hint of sourness. I love filling them with cheese and poached eggs.
Persons: Aefa Mulholland, Benedict
🥹🥹🥹 what a day can’t believe Vision Pro is out pic.twitter.com/p0JCkuZ7Z1 — Linda Dong 🥽 (@lindadong) February 2, 2024The excitement grew as Apple Store visitors tried the Vision Pro. AdvertisementWent to Apple Store to do the Vision Pro demo and I can’t articulate what exactly I just saw. @peach.mcintyre COME WITH PEACH 🍑 TO THE APPLE STORE TO DO A FREE DEMO OF THE APPLE VISION PRO: APPLE PRO REVIEW ♬ original sound - Peach.McIntyreBut not everyone expressed total enthusiasm for the headset. Opinions on the weight of the Apple Vision Pro — which some early testers complained crushed their face — varied. Whether or not those who demoed the Vision Pro in-store ended up purchasing their own, customer interest in Apple's flashy product seems to be strong.
Persons: , techies, Du, flo o, Hal l, arie, ava Organizations: Service, Vision, Apple, Business Locations: SION, sion
Apple's Vision Pro officially launched in stores on Friday. The Vision Pro felt heavy after a while, but one immersive feature blew me away. AdvertisementI stood outside in the rain with about 10 others to test Apple's new Vision Pro headset for free. But, I didn't expect the Vision Pro to feel like it would seamlessly fit into the way I use technology in my daily life. Toward the end of my session, I was adjusting the Vision Pro for some relief on my face.
Persons: , Jordan Hart, Mario Organizations: Vision Pro, Downtown, Downtown Brooklyn Apple, Service, Apple, Mario Bros Locations: Downtown Brooklyn
Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.
Persons: Phil, Joe Biden’s, Biden, Donald Trump, , Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic
Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.
Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin
"Interest rates took the elevator going up; they're going to take the stairs coming down," McBride said. As the Fed goes into its first Federal Open Market Committee meeting of 2024, here's what that elevator ride up has looked like over the last 12 months in five major consumer categories: credit cards, savings accounts, certificates of deposit, auto loans and mortgages. Credit cardsNowhere has that express rate elevator been more obvious than with credit cards. Even as the Fed slowed the pace of increases over the last 12 months, the average APR for credit cards rose more than a full percentage point. He cautions, however, that buying a car is still a major expense, regardless of what interest rates are.
Persons: Greg McBride, McBride, they've, " McBride, They've, you've Organizations: U.S . Federal Reserve, Federal Reserve, Finance Locations: U.S
I think you're better off investing in higher-quality earbuds. The earbuds are good in a pinch but I don't think they last long. Dina RichardsDollar Tree has some great finds, but I'm not often impressed by its electronics aisle. I've been especially disappointed by the earbuds I've purchased from the chain. The pairs I've bought have tangled easily or had issues with muffled sound.
Persons: Dina Richards, I'm, I've
Opinion: What could fall apart after Trump’s victory
  + stars: | 2024-01-28 | by ( Richard Galant | ) edition.cnn.com   time to read: +13 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —In 2018, Irish journalist Fintan O’Toole proposed the “Yeats Test” to determine how bad things are in the world. Although … Haley is the last contender standing between former President Donald Trump and the Republican nomination…most Republican voters do not want an alternative to Trump; they overwhelmingly back him. Polling shows Trump even leads Haley in her home state of South Carolina.”Haley’s quest is going nowhere, wrote Daniel McCarthy. Join us on Twitter and FacebookTrump’s election-night needling of South Carolina Sen. Tim Scott, who endorsed the president over Haley, stood out.
Persons: Fintan O’Toole, Yeats, ” O’Toole, Donald Trump, , William Butler Yeats, Mitch McConnell’s, Trump, doesn’t, Joe Biden, Clay Jones, Nikki Haley, , Raul Reyes, … Haley, Haley, Daniel McCarthy, Ron DeSantis, , Paul Begala, South Carolina Sen, Tim Scott, Tim, ” Trump, Scott, E, Jean Carroll, Ana Marie Cox, Carroll —, Julian Zelizer, — Trump, ” Bill Bramhall, Biden, Douglas, Bruce A, Willis, John Avlon, Dean Obeidallah, Jon Stewart, Bill Burns, Lishay Lavi, Omri Miran, Roni, Alma, ” Lavi, ” Barbie, Oscar Bill Bramhall, New York Daily News Sara Stewart, Barbie ”, “ Tuesday’s Oscar, ‘ Barbie, Greta Gerwig, Margot Robbie, Barbie, it’s, Brad Meltzer, Ken, , Hannah Ryan, Barbie ’, Sofia Coppola’s ‘ Priscilla ’, Priscilla Presley’s, Elvis —, Molly Manning Walker’s, Ava DuVernay’s, Noah Berlatsky, Dr, Strangelove ”, Peter Bergen, Elena Sheppard, Kyte, Nick Anderson, Narges Mohammadi, Jennifer Tucker, Wayne LaPierre, Erik German, Frida Ghitis, Elon Musk, Jill Filipovic, millennials, David S, Cohen, Greer Donley, Rachel Rebouché, David Mark, , Lisa Benson, Suzanne Plunkett, Michelle Francl didn’t, Rosa Prince, You’re, you’ll Organizations: CNN, GOP, Republican, Trump, Polling, Florida Gov, Republican Party, , Twitter, Facebook, New York Daily, CIA, New York Daily News, Warner Bros, Warner Bros ., Academy, Counterpoint, NRA, Harvard, Bryn Mawr College, Boston Harbour Locations: Irish, , Ukraine, New Hampshire, South Carolina, Iowa, New York, Douglas London, Georgia, Gaza, Israel, Bergen, Boston, Pennsylvania
Learn moreKnowledge is power, the saying goes, so you may be tempted to use wearables to track your health data in the hopes of preventing or managing an illness or hitting certain fitness goals. Plus, it's important to take the data, which might not be entirely accurate, with a pinch of salt, Probert said. That doesn't mean the best fitness trackers aren't helpful, it just means you shouldn't take their data as gospel. Fitness trackers can't know our metabolic rates and how much muscle we have compared to body fat, which affects our energy expenditure. And, Probert cautioned, it's important not to stop listening to your body and checking in with how you feel when using such devices.
Persons: You'd, Livvy Probert, Probert Organizations: Stanford University
Britain’s media has reacted with fury and bewilderment after a US scientist claimed the perfect cup of tea is made with a pinch of added salt. “I guess we are going to war again?” legal journalist Molly Quell wrote on X, formerly known as Twitter. “We cannot stand idly by as such an outrageous proposal threatens the very foundation of our Special Relationship,” the embassy wrote in a viral X post. Francl also found little sympathy in the British press, which took her suggestion with more than a pinch of salt. In the meantime, the embassy said it “will continue to make tea in the proper way – by microwaving it.”
Persons: Michelle Francl, Molly, , Matt Green, Francl, Organizations: London CNN —, Bryn Mawr College, CNN, ITV News, Embassy, Guardian, Daily Mail Locations: Boston, Britain, United States, British, Pennsylvania
LONDON (AP) — An American scientist has sparked a trans-Atlantic tempest in a teapot by offering Britain advice on its favorite hot beverage. Bryn Mawr College chemistry professor Michelle Francl says one of the keys to a perfect cup of tea is a pinch of salt. The tip is included in Francl’s book “Steeped: The Chemistry of Tea,” published Wednesday by the Royal Society of Chemistry. Not since the Boston Tea Party has mixing tea with salt water roiled the Anglo-American relationship so much. On the Chemistry World site, Francl said writing the book had “enhanced my enjoyment of a cup of tea” but noted “there were several disquieting discoveries along the way."
Persons: Michelle Francl, , boors, Debrett’s, , Francl, Organizations: Bryn Mawr College, Royal Society of Chemistry, Boston Tea Party, Twitter, Embassy Locations: An American, Britain, London, States, U.S
Learn moreAfter 28 seasons, there's no slowing down one of reality TV's biggest successes, so take a seat and let us show you how to watch The Bachelor live stream or on-demand episodes at your leisure. There are free options via free trials, but there might be another free option the day after each episode, with no sign-ups required. Sling TV Subscription Sling is one of the most affordable live TV streaming services around. How to watch the Bachelor live stream from anywhereIf you're not in the US but want to check out their options, it's time to familiarize yourself with a VPN. The first episode of The Bachelor, season 28, will air on Monday, January 22, at 5 p.m PT, 8 p.m.
Persons: you'll, it's, we'd, ExpressVPN, AWST Organizations: ABC, Hulu, Live Locations: USA, States
New beginningChuck Stevens and Ben Di Rienzo bought a home in the town of Vinchiaturo Molise in southern Italy’s Molise, known as the ‘forgotten region.' “For the first couple of months, it felt like we were on vacation,” says Di Rienzo. “Just learning about real Italian life living. “The chefs in the area here really put their heart and soul into things,” says Di Rienzo. “The expectation of getting your house renovated within six months to a year, that’s not going to happen,” says Di Rienzo.
Persons: Charles “ Chuck ” H, Stevens, Berardino, Ben ” Di Rienzo, who’ve, ” Stevens, Di Rienzo, Chuck Stevens, Ben Di Rienzo, Ben DiRienzo, Covid, they’d “, , , Di Rienzo’s, “ Ben, ’ ”, ’ ” Di Rienzo, , ” Di, they’d, they'd, Max, “ We’ve, They’ve, they’ve, , he’s “, Rienzo, Ben DiRienzo “, that’s, It’s, I’m Organizations: CNN, CNN Travel, , US, Locations: Manhattan, New Jersey, “ New York, Italy, Vinchiaturo Molise, Italy’s Molise, Europe, United States, , Italian, Molise, Tuscany, Amalfi Coast, America, New York
A stealth inflationary cost is biting into corporate profits. In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14% in the last quarter. Homeowner renewal premiums spiked 21%, while those for auto policies jumped 17%. Although rising premiums are good news for insurance firms such as Travelers, they are bad news for customers — whether they are individuals or companies.
Organizations: Dow, Travelers
Welcome aboard Royal Caribbean’s Ultimate World Cruise, which set sail a month ago and has unexpectedly captured the internet’s imagination. It all started when Fletcher, a 39-year-old photographer from the UK, happened upon a TikTok video from a world cruise passenger. Anthony AntoineIt’s possible to join the Ultimate World Cruise at several points along the journey – there’s no requirement to sign up for the whole nine months. He understands.”So far, while his world cruise dispatches have racked up millions of views, Sebastian has yet to uncover the “hot goss” he promised. Passenger Angie Linderman, 38, also had an emotional path to boarding the world cruise.
Persons: Michael Bayley, , Beth Anne Fletcher, “ It’s, Fletcher, Fletcher isn’t, she’s, Brooklyn Schwetje, , ’ ”, Madison’s TikToks, She’d, I’d, , I’ve, I’m, We’ve, She’s, Oosthuizen, she’d, TikTokers, Madison Schwetje, ” Fletcher, it’s, Renske Lammerding, , Dad ’ Joe Martucci, Audrey, Joe, Audrey Martucci Joe Martucci, Martucci, Martucci’s, , ‘ Dad, Dad ”, “ Hey, ” –, Hunnicut, Jenny Hunnicutt, Anthony McWilliams, Angie Linderman, Jenny Hunnicut, Shannon Marie Lake, boomer, Lake, Julian Mendoza, @cooljul1, Daniele Salvatore Arbisi, @singing.sailor, Stig Nilsen, Salvatore Arbisi soundtracked, Nilsen, seafarer, they’d, Anthony Antoine It’s, influencer Marc Sebastian, Simon & Schuster, Jean, Francois Monier, McWilliams, Marc Sebastian, Sebastian, goss, Anthony Antoine The, “ We’re, “ I’ve, ” McWilliams, ‘ Lean, ” McWilliams ’, he’s, Linderman, ” Linderman, Taj Organizations: CNN, Royal Caribbean, Caribbean, Royal Caribbean International, CNN Travel, Royal, , Madison, Housewives, Seas, “ Pirates, Royal Caribbean Cruise, Simon &, Getty, British, Antarctica Locations: Brooklyn, Royal Caribbean, TikTok, Pretoria ”, @iambrandeelake, Lake, Norwegian, Caribbean, Shannon, AFP, Antarctica, , Machu Picchu, China
Around 500 Congress members and government officials attended to watch Joe perform with artists Jelly Roll and Wyclef Jean, according to the artist's rep. You know, I'm an open book. Jelly Roll, Fat Joe, and Wyclef Jean. Power to the Patients/Shareif ZiyadatWhat made Jelly Roll and Wyclef Jean the right folk to link with on this particular event? AdvertisementAnd this year, you know, I'm a huge fan of Jelly Roll.
Persons: Joe, Hakeem Jeffries, Frank Pallone, Sen, Mike Braun, Jelly Roll, Wyclef Jean, Power, Chuck D, Busta, Rick Ross, who's, Kevin Morra, He's, we've, Cynthia Fisher, Uber, I'm, Brown, I've, Wycelf Jean, Wyclef Jean . Power, Roll, they've, Wyclef, Donald Trump, it's Organizations: Power, Capitol, Democratic, Hamilton, Price, Joe, MTV, Healthcare, Republican, American Express Locations: Washington , DC, America, There's, Washington, Kentucky, French Montana, Haiti
Delinquency rates on loans backed by office properties jumped to 6.5% in the fourth quarter, an MBA survey found. Out of all the commercial real estate loan delinquency rates tracked by the survey, office loans led the pack. AdvertisementFinancial troubles continue to plague the office market, which led an increase in commercial real estate loan delinquency rates. Zooming out, the commercial real estate sector has been in a pinch ever since interest rate hikes made borrowing money a lot more expensive. AdvertisementStill, MBA's survey found that while the office market segment of commercial real estate is still wobbling, other slices of the sector are recovering.
Persons: , multifamily, Jamie Woodwell Organizations: Service, Financial, Mortgage Bankers Association, Capital Economics
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