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Why Is Lumber so Expensive? It's a Disaster for the Housing Market - Vimarsana News

Why Is Lumber so Expensive? It's a Disaster for the Housing Market

America is in a lumber frenzy, and it's not abating anytime soon.  Even though prices fell for six straight days in mid-May, Markets Insider's Will Daniel reported they were still up more than 85% year-to-date and 280% in the last 12 months. The lumber industry is struggling to ramp up supply as exploding demand is clashing with limited production, resulting in high price tags and an overall shortage.  The thing is, you need lumber to build new houses, and Americans really want new houses right now. The number of homes for sale has never been this low, and new builds are a way to supply hou...

Colorado Students Return to Class Amid Optimism and Anxiety - Vimarsana News

Colorado Students Return to Class Amid Optimism and Anxiety

Colorado Students Return to Class Amid Optimism and Anxiety Educators, who likely won't get vaccines until March, worry about catching the deadly virus. Many parents, excited that their kids will get to see teachers and friends, are nervous classes could move online again. by Tiney Ricciardi, The Denver Post / January 27, 2021 TNS (TNS) - Jan. 27—Midway through the 2020-2021 academic year, uncertainty about COVID-19 and its impact on school operations still looms large in Colorado.   Many students and teachers already are back in cla...

Paccar stock rises on deal with Amazon-backed Aurora for self-driving tech - Vimarsana News

Paccar stock rises on deal with Amazon-backed Aurora for self-driving tech

. Paccar shares were up as much as 3% on Wednesday morning after the semi-truck manufacturer announced a strategic partnership with the Amazon-backed autonomous driving start-up Aurora. The two companies are looking to combine their respective expertise to develop, test, and sell semi-trucks powered by Aurora's autonomous-driving technology. "Paccar looks forward to partnering with Aurora because of their industry-leading autonomous driving technology and impressive team," Preston Feight, Paccar's chief executive officer, said in a press release on Tuesday. "This strategic partnership complem...

VMware stock drops after CEO Pat Gelsinger heads to Intel - Vimarsana News

VMware stock drops after CEO Pat Gelsinger heads to Intel

VMware saw its shares slip over 7% on Wednesday amid news CEO Pat Gelsinger is headed to Intel. CFO Zane Rowe will step into the interim CEO role.

Palihapitiya's "biggest investment in climate change": Proterra SPAC - Vimarsana News

Palihapitiya's "biggest investment in climate change": Proterra SPAC

Proterra Chamath Palihapitiya said Tuesday that his "biggest investment in climate change" is in commercial EV manufacturer Proterra, which is set to merge with blank-check firm ArcLight Clean Transition Corp.  Palihapitiya noted Proterra's first-mover advantage, revenue growth, and a runway of orders and backlogs as part of his reasoning for the investment. "This transaction enables Proterra to take the next step towards our mission of advancing EV technology to deliver the world's best performing commercial vehicles," said Jack Allen, Chairman and CEO of Prote...