A group of real-estate startups is aiming to cash in on the remote-work phenomenon.
With many corporate offices closed because of the pandemic, many young professionals have left cities like New York and San Francisco for warmer, cheaper places. A number still plan to return after their offices reopen, leaving them reluctant to buy homes or sign long-term apartment leases.
That situation is creating fresh demand for furnished housing on a short-term basis, a fast-growing niche that many property startups and their venture-capital backers are rushing to fill.
One of them is Landing, which runs a network of furnished apartments across the U.S. When it launched in 2019, the Birmingham, Ala., and San Francisco-based company initially planned to operate in about 30 cities last year. Instead, it expanded to 75, largely because demand grew much faster than expected, said Landing Chief Executive Bill Smith.
Samsung Seizes Smartphone Initiative as Sanctions Hobble Huawei
South Korean giant recently forecast 25% jump in quarterly operating profit, aided by resurgent phone sales Aug. 6, 2020: Samsung’s Galaxy Note smartphones have always been known for on-the-go productivity, but now we’re not going anywhere. WSJ’s Joanna Stern looks at how Samsung’s changed the phone and its promotional messages due to Covid-19. (Originally published Aug. 5, 2020) By Jan. 12, 2021 6:13 am ET
SEOUL Huawei Technologies Co.’s sanctions-induced smartphone slump has rivals seeing opportunity in a market where switching brands is rare.
With U.S. restrictions curbing its access to key parts, Huawei has suffered a plunge in sales in recent months, most strongly benefiting South Korea’s Samsung Electronics Co. and other Chinese makers.
Updated Jan. 12, 2021 6:20 pm ET
New York is working to open up Covid-19 rapid-testing sites at commercial buildings to help return workers to their offices, Gov. Andrew Cuomo said Tuesday.
The expansion of rapid-testing facilities would allow the state to loosen social-distancing measures, including on theaters and restaurants, which have had to limit or close their operations during the pandemic, the governor said.
Several of New York’s largest landlords said Tuesday that they are participating in the effort. Scott Rechler, chief executive of RXR Realty, said that his company has identified six retail locations for Manhattan testing centers, one in a former Starbucks.
The auto maker will close all three of its factories in Brazil, eliminating about 5,000 jobs, as part of a broader turnaround effort under new Chief Executive Officer Jim Farley.
Intel’s rivals may get a boost if it decides to outsource some of its manufacturing to Taiwan Semiconductor, said Citigroup. But that isn’t a guarantee.