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  • Business

    Why a record number of container ships are chilling off the California coast

    As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.

  • Business

    FedEx Earnings Are Coming. They’ll Be a Big Deal.

    The parcel-delivery giant reports fiscal 2022 first-quarter earnings on Tuesday, and it will also update its annual guidance.

  • Business

    Restaurant etiquette debate: Should you add a tip when you order takeout food?

    More than half of Americans (56%) started tipping more for restaurant food last year, according to a new Bank of America survey. Should you join them?

  • Business

    Americans Haven’t Been This Down on Housing Market Since 1982

    (Bloomberg) -- The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from March when the proportion was more than twice as high, data from the University of Michigan consumer sentiment survey showed Friday. It’s also the smallest chunk of respondents since 1982.Back then, the average for a 30-year fixed rate mortga