Housing costs skyrocketed in 2018, but could slow this year, analyst says

FILE – Construction workers work at the Garden Lofts, an affordable housing project being built in Salt Lake City, on Friday, Dec. 28, 2018. Scott G Winterton, Deseret News SALT LAKE CITY — Utah’s housing market has been among the hottest in the western region over the past several years, according to data compiled by University of Utah researchers. The result has been escalating prices for homebuyers and apartment seekers, especially along the Wasatch Front where double-digit increases have become the norm. But new information may indicate the market could finally be coming to a period of more reasonable growth …read more Source:: Deseret News – Business News       

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Competition Bureau mum on Metro Vancouver gas-price investigation

Cracking down on gasoline price-fixing is a priority for Canada’s Competition Bureau, but the bureau, because of confidentiality concerns, can’t say whether or not it’s investigating what might be behind Metro Vancouver’s soaring fuel costs. On Tuesday, Premier John Horgan called for consumer-protection officials to examine Metro’s soaring gas prices and said he would push Prime Minister Justin Trudeau to take action on what he has termed as “gouging” by fuel companies. “We recognize that gasoline prices are an important issue for Canadians and cracking down on anticompetitive conduct in the gasoline sector is a priority for the Competition Bureau,” bureau spokesman Marcus Callaghan wrote in an emailed response to… Read More

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Tesla posts surprisingly large 1Q loss as sales slump 31%

FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla’s design studio in Hawthorne, Calif. Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years. The technology required to make that quantum leap is scheduled to be shown off to Tesla investors Monday, April 22, 2019, at the company’s Palo Alto, Calif., headquarters. Jae C. Hong, Associated Press SAN FRANCISCO — Tesla CEO Elon Musk had prepped Wall Street for …read more Source:: Deseret News – Business News       

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Parent? Boss? Business owners who hire their teens are both

In this Saturday, April 13, 2019, photo, Susie Carder and her daughter, Amanda, pose fort a photo in Santa Monica, Calif. Business owners often hire their teenagers to get work experience, earn some money and add to their resumes. But the presence of an owner’s child can require a balancing act, not only for parent and teen, but also everyone else in the company. (AP Photo/Damian Dovarganes) Damian Dovarganes In this Saturday, April 13, 2019, photo, Susie Carder, right, hugs her daughter, Amanda, as they pose for a photo in Santa Monica, Calif. Many owners, like Susie, are tough bosses for their kids. She didn’t doubt her decision to fire… Read More

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Boeing’s troubled jet is costing $1 billion to fix so far

FILE – In this April 9, 2019, file photo a Boeing 737 fuselage, eventually bound for Boeing’s production facility in nearby Renton, Wash., sits on a flatcar rail car at a rail yard as a jet flies past overhead in Seattle. Boeing Co. reports earnings Wednesday, April 24. (AP Photo/Elaine Thompson, File) Elaine Thompson FILE – In this April 9, 2019, file photo a Boeing 737 fuselage, eventually bound for Boeing’s production facility in nearby Renton, Wash., sits on a flatcar rail car at a rail yard in Seattle. Boeing Co. reports earnings Wednesday, April 24. (AP Photo/Elaine Thompson, File) Elaine Thompson …read more Source:: Deseret News – Business News… Read More

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The Alley bubble tea shop opens in Vancouver today

“Excuse me, where did you get that bubble tea?” It was the first time I’d ever been stopped, on the street, with a question about a drink. But, after attending a media preview for the buzzy The Alley tea shop in Vancouver, I can’t say I was surprised by the curb-side callout. After all, during a 30-minute preview where I learned about the company’s Taiwanese premium teas and “Deerioca,” more than a dozen people tapped on the glass and tugged on the front door in an attempt to enter the shop located at 985 Hornby St. The shop is the first West Coast outpost and its 12th location in Canada.… Read More

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Michelle Singletary: Start planning for your 2019 tax return now

Michelle Singletary advises you to sort out your 2019 taxes now so you will be prepared for next year’s tax season. Adobe Stock WASHINGTON — People hate doing their taxes so much that, as soon as Tax Day is over, they want to retreat from anything related to their returns. But now is the time to start tax planning for next year, because you have time to make any changes that may be necessary to avoid a huge tax bill. Eric Bronnenkant, head of tax at online financial adviser Betterment, joined me recently for my regular online discussion to answer …read more Source:: Deseret News – Business News       

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Michelle Singletary: Start planning for your 2019 tax return now

Michelle Singletary advises you to sort out your 2019 taxes now so you will be prepared for next year’s tax season. Adobe Stock WASHINGTON — People hate doing their taxes so much that, as soon as Tax Day is over, they want to retreat from anything related to their returns. But now is the time to start tax planning for next year, because you have time to make any changes that may be necessary to avoid a huge tax bill. Eric Bronnenkant, head of tax at online financial adviser Betterment, joined me recently for my regular online discussion to answer …read more Source:: Deseret News – Business News       

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Rep. Ben McAdams pushing back on Trump plan to cut visas for spouses of tech workers

Ashish Patel peels clementines for his sons, Ayan, 6, and Reyansh, 10, at their home in Riverton on Tuesday, April 23, 2019. President Donald Trump has proposed eliminating 90,000 H-4 visas, which are typically issued to the spouses of H-1B holders. Ashish Patel has an H-1B visa and his immigration petition has been approved. His wife has an H-4 visa. Ayan and Reyansh are American citizens. If their parents’ immigration status changes and they need to return to India, Ayan and Reyansh do not have Indian citizenship. Kristin Murphy, Deseret News Purvi Patel makes dinner for herself at her home in Riverton on Tuesday, April 23, 2019. President Donald Trump… Read More

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Record high gas prices not leaving ‘a lot of consumer love left’ for stations

At the dizzying heights of Metro Vancouver gasoline prices, the Tilbury Husky station on River Road in Delta stood out at the top early this week with a price just shy of $1.79 a litre for regular fuel, according to reports on the crowdsourced website GasBuddy.com. Being higher than the more common $1.73 per litre could invite an extra level of consumer backlash against the brand, said one analyst. “I don’t think it really helps the brand,” said Dan McTeague, senior analyst with GasBuddy.com. He said the $1.73 a litre being charged by other stations likely offers a healthy profit margin. “My advice would be (to) not shop there, because… Read More

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