Final $800m Caulfield Racecourse development stage moves ahead

The consortium’s plans for the final piece of the development jigsaw on Smith Street include a mixed use precinct ranging in height from 15 to 22 storeys that will cost about $500 million to construct. We’re not just building the buildings, we’re extending the suburb. Sam Beck, Beck Property Group “We have just completed a […]

Airbnb’s first earnings since IPO could be a bellwether for the travel industry in 2021

Airbnb Inc.’s business was decimated by the coronavirus pandemic, but quickly rebounded to the point that it had one of the biggest initial public offerings of 2020. Now, it’s time to find out what is expected for 2021. Airbnb ABNB, -6.85% will report financial results for the first time since going public Thursday afternoon, wrapping […]

U.S. Treasury yields steady before Powell testimony

U.S. Treasury yields were holding their ground on early Tuesday’s trade before congressional testimony from Federal Reserve Chairman Jerome Powell, where he may remark on the precipitous bond-market selloff over the past few weeks. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 1.356% was steady at 1.369%, while the 2-year note rate TMUBMUSD02Y, […]

How safe is your baby food? Company reports show arsenic, lead and other heavy metals

Credit: Pixabay/CC0 Public Domain Heavy metals including lead, arsenic and mercury can be found in commercial baby foods at levels well above what the federal government considers safe for children, a new congressional report warns. Members of Congress asked seven major baby food makers to hand over test results and other internal documents after a […]

Home prices see largest jump since 2014 — worsening the affordability challenges for many buyers

The numbers: Home prices rose at the fastest pace in seven years, according to the leading barometer released Tuesday. The S&P CoreLogic Case-Shiller 20-city price index posted a 10.1% year-over-year gain in December, up from 9.2% the previous month. On a monthly basis, the index increased 0.8% between November and December. It was the first time that home […]

How to really fix COVID-19 vaccine appointment scheduling

Credit: Unsplash/CC0 Public Domain If you’ve tried to get a COVID-19 vaccine appointment, you know how frustrating the process can be. People are spending hours obsessively refreshing websites, hoping an appointment will open up somewhere. They scan Facebook groups for tips and insider information. One writer compared it to Soviet-style queues for cabbage. The competition […]