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Nonresidential construction spending ticks up; recession fears remain

Dive Brief: Nonresidential spending equaled $930.1 billion on a seasonally adjusted basis in November, up 0.9% from October and 8.5% year over year, according to a report from Associated Builders and Contractors. Spending increased on a monthly basis in nine of 16 nonresidential subcategories. Private nonresidential spending increased 1.7%, while public spending dropped by 0.1%
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The Afghan army’s collapse ‘took us all by surprise:’ US Secretary of Defense Lloyd Austin during a hearing on the Afghan war

Defense Secretary Lloyd Austin on Tuesday said the Afghan army's collapse surprised the Pentagon. He was speaking with senators at a congressional hearing about the Afghan war. Gen. Mark Milley said the US still needed to find out why Afghan troops surrendered so easily. LoadingSomething is loading. Top American defense officials said on Tuesday that…
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Unvaccinated Need Not Apply — Job Ads Requiring Covid Jab Skyrocket

Topline Job postings requiring Covid-19 vaccination have skyrocketed since the U.S. Food and Drug Administration granted full approval to the Pfizer-BioNTech shot in August, according to LinkedIn data provided to Forbes, as employers ramp up the pressure on workers who are still refusing to get the jab.  Employers are increasingly requiring their workers to be…
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Ritchie Bros. (RBA) Misses Q4 Earnings and Revenue Estimates

Ritchie Bros. (RBA) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. - Zacks This quarterly report represents an earnings surprise of -13.79%. A quarter ago, it was…
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‘Barbie’ surpasses ‘Mario’ as year’s biggest opening while ‘Oppenheimer’ soars past expectations too thumbnail

‘Barbie’ surpasses ‘Mario’ as year’s biggest opening while ‘Oppenheimer’ soars past expectations too

Margot Robbie, from left, Alexandra Shipp, Michael Cera, Ariana Greenblatt and America Ferrera in a scene from "Barbie."Warner Bros. Pictures via AP“Barbenheimer” didn’t just work—it spun box office gold. The social media-fueled fusion of Greta Gerwig’s “ Barbie ” and Christopher Nolan’s “Oppenheimer” brought moviegoers back to the theaters in record numbers this weekend, vastly outperforming projections and giving
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