Business News Roundup, June 30

More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index rose 0.9 percent to 112.6 last month. Steady job growth coupled with low but rising mortgage rates has created greater urgency to buy homes. The gains reflect both a stronger economy but also the pressures to purchase a home before both prices and the cost of borrowing become potentially unaffordable. Completed sales of existing homes jumped 5.1 percent last month to a seasonally adjusted annual rate of 5.35 million, the Realtors said last week. The number of signed contracts increased in the higher-priced Northeast and West markets last month, while dipping in the Midwest and South. New York has formalized its ban on high-volume hydraulic fracturing for natural gas after a seven-year environmental and health review. Department of Environmental Conservation Commissioner Joe Martens announced the decision Monday, saying a ban was the “only reasonable alternative” after “years of exhaustive research and examination of the science and facts.” New York is the only state with significant natural gas resources to ban fracking, which has allowed other states to tap huge volumes of gas trapped in shale formations deep underground. Fiat Chrysler Automobiles is telling the owners of 65 new 2015 Jeep Grand Cherokees and Dodge Durangos to immediately stop driving the vehicles and is recalling a total of 7,690 SUVs. The automaker said it is taking the unusual step of telling owners to stop driving the vehicles because suspension components were installed that were not correctly treated by a supplier for high temperatures. The federal agency that oversees railroads has asked digital mapping companies to alert drivers as they approach track crossings in the hope that visual and audio cues will lead to greater awareness of potential dangers. [...] Google has agreed to update its maps with crossing locations, the Federal Railroad Administration announced Monday. LendingClub Corp.

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Chris Pine is 'stunned' the 'Wonder Woman' franchise is over
Business Insider, Monday - 05/06/2024 - 08:48 AM
Chris PineMarleen Moise/WireImage/GettyChris Pine told Business Insider he's "stunned" Warner Bros. ended the current "Wonder Woman" franchise. New DC Comics heads James Gunn and Peter Safran are completely overhauling its theatrical extended universe. Pine told BI he had no intention of being involved in a potential third "Wonder Woman" movie.
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10 of the biggest moments in Met Gala history
Business Insider, Monday - 05/06/2024 - 08:48 AM
Blake Lively at the 2022 Met Gala, Jay-Z and Beyoncé at the 2014 Met Gala, and Zendaya at the 2018 Met Gala. Chris Polk/WWD/Penske Media via Getty Images; Axelle/Bauer-Griffin/Contributor/FilmMagic; Theo Wargo/Staff/Getty Images for Huffington PostThe Met Gala is home to some of history's biggest fashion and pop-culture moments. Taylor Swift's 2016 appearance was a key source of material for her 2017 album, "Reputation."Zendaya's Joan of Arc-inspired look from 2018's Gala remains one of her most iconic fashion moments.
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Howard Schultz tells Starbucks to fix its stores and mobile app to reverse 'fall from grace'
Business Insider, Monday - 05/06/2024 - 08:43 AM
Howard Schultz spent more than two decades leading Starbucks. Spencer Platt/Getty ImagesLongtime Starbucks CEO Howard Schultz has some thoughts on Starbucks' poor sales. He said the chain needs to listen to baristas, fix its app, and focus on the customer experience. Starbucks posted a drop in same-store sales in North America and China, its two biggest markets.
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Jeff Bezos, Elon Musk, and other tech titans' unconventional management practices
Business Insider, Monday - 05/06/2024 - 08:37 AM
L-R: Elon Musk, Tim Cook, Mark Zuckerberg, who each have some interesting management practices. AP Images; Bryan Erickson/BITech titans like Elon Musk and Tim Cook run some of the world's biggest companies. In so doing, they've employed some outright strange management practices. From banning PowerPoints to having 50 direct reports, here are tech leaders' most unconventional management habits.
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The 9 types of unhealthy friendships — and when to leave each one
Business Insider, Monday - 05/06/2024 - 08:25 AM
Tim Robberts/Getty ImagesIt's easy to label a friend as "toxic" or "problematic" for undesirable behavior. But it can also lead to more friendship breakups and missed opportunities for connection. Author Danielle Bayard Jackson shared 9 types of "bad" friends — and how to deal with each one. The term "toxic" is thrown around a lot to describe a friend's undesirable behavior, whether it's gossiping too much or always showing up late.
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3 surfers shot in the head while visiting Mexico were found dead in a well, in an area where tourists are usually safe
Business Insider, Monday - 05/06/2024 - 07:56 AM
A man holding a surfboard with the message "Australia We Are With You" after the deaths of Callum and Jake Robinson, and Jack Carter Rhoad. Getty/GUILLERMO ARIASThree men were found dead in a well in Baja California, Mexico, after being shot on a surfing trip. Officials believe the tourists were attacked by three people who attempted to steal their truck.
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Business News Roundup, June 30

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