The prices of luxury Manhattan apartments are surging as a paucity of supply leaves those consumers with plenty of cash, bidding prices higher. The luxury market is defined as the apartments priced in the top 10% of the market. Most of these buyers spending millions of dollars on apartments pay cash and do not need to worry about financing at the current high mortgage rates.
Tag: shortage
Clorox Products in Short Supply After Cyberattack (Micro News for September 23, 2023 – September 29, 2023)
Clorox announced that a cyberattack was disrupting operations and hindering manufacturing of the firm's cleaning products. The disruption has left the firm struggling to meet consumer demand for some products. The cyberattack started in August 2023 according to the firm's regulatory filing and resulted in the firm shutting down some production.
There’s a Big Girl Scout Cookie Shortage, and the Group is Frustrated with Its Main Baker (Micro News for March 18, 2023 – March 24, 2023)
Little Brownie Bakers (LBB) has not been able to produce enough Girl Scout cookies to keep up with the organization's cookie demand. The Italian confectionary firm Ferrero owns the bakery. The Girl Scouts expressed even more disappointment over cookie shortages when Little Brownie's Kentucky plant was forced offline due to weather-related power outages. The baker has been plagued by supply chain disruptions and labor shortages that have already created shortages of the famous Girl Scout cookies.
Ticketmaster Cancels Public Sale for Taylor Swift’s Eras Tour Due to Overwhelming Demand (Micro News for November 19, 2022 – November 25, 2022)
Online event ticketing sales and distribution company Ticketmaster announced the suspension of the sale of Taylor Swift concert tickets after more than two million tickets were sold in one day. Buyers wanting to see the pop icon's upcoming tour overwhelmed the ticketing systems and the firm determined that remaining ticket inventories were insufficient to meet demand.
Pearson Economic News 