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Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation

Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she said is hurting lower-income Americans the most.That will mean more interest rate increases and keeping rates higher for longer, she said in remarks prepared for a speech in New York. Brainard cushioned the remarks with an acknowledgement that policymakers …

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Rents spike as big-pocketed investors buy mobile home parks

By MICHAEL CASEY and CAROLYN THOMPSONJuly 25, 2022 GMThttps://apnews.com/article/mobile-home-parks-rent-investors-8dbadf3f9a33faddb06abc980b046176LOCKPORT, N.Y. (AP) — For as long as anyone can remember, rent increases rarely happened at Ridgeview Homes, a family-owned mobile home park in upstate New York. That changed in 2018 when corporate owners took over the 65-year-old park located amid farmland and down the road from …

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Chinese companies look to U.S. and Asia as growth slows at home

BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.Take Miniso, a Guangdong-based seller of toys and household products. Sometimes called China’s Muji, Miniso opened a flagship store in New York City’s SoHo in February.The store’s gross merchandise value — a measure of sales over time …

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