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Baltimore Business Journal
8 things to know: Sports retailer opens in Canton
Good morning readers. It is Thursday.<\p> Hockey may not be the most popular sport in Maryland, but this event might draw you to the rink next week: the local qualifier round of Texas Roadhouse's Meat Cutting Challenge. <\p>
Help Desk: What to know about new not-for-profit guidelines
If you lead or manage a not-for profit that receives federal financial assistance, change is coming, and in some cases, is already here. <\p> The Office of Management and Budget (OMB) recently announced significant updates to Uniform Guidance which began on Oct. 1, and will greatly impact how not-for-profits manage their federal awards. Though it may seem unsettling to hear that there are any changes being made to financial assistance, some of these changes will make life easier for many organizations. <\p>
Health leaders add tech, new perks to combat staffing shortages
At The Johns Hopkins Hospital, officials are making adjustments — from offering preferred schedules and peer-to-peer psychological first-aid to providing wellness spaces equipped with aromatherapy and massage chairs — to meet a “generational shift” in workers’ priorities for flexibility and work-life balance.<\p> The University of Maryland Medical School is launching new medical training programs in metro Baltimore and the Eastern Shore to add staff in areas that need more providers.<\p>
Big penalties await businesses with hard-to-cancel subscriptions
Business owners soon will need to give their customers an easy way to cancel their subscriptions or risk big penalties.<\p> The Federal Trade Commission last week finalized its so-called “click-to-cancel” rule, reforming what has been called the “negative option” feature of contracts or any contract provision under which the buyer’s failure to cancel means continued acceptance of the contract — or, for many consumers today, a subscription. For example, not canceling a media or meal-prep subscription means the consumer keeps getting charged for it until they cancel. <\p>
Home sales flatline as housing market remains unaffordable for most
Down payments in America are starting to recede from recent highs but they're still substantially more than they were pre-pandemic.<\p> An analysis by Realtor.com found that down payments nationally averaged 14.5% as a percentage of purchase price and a median amount of $30,300 in the third quarter. That's down from the historic highs observed the previous quarter of 14.9% and $32,700.<\p>
Popular benefit too pricey for many employers
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We've got stories for you on the decade-high vacancy in the industrial real estate market, Amazon.com Inc.'s interest in nuclear power and 1,200 planned store closures at a popular pharmacy. But first, let's get into why many employers are turning away from a benefit otherwise popular with workers.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Mortgage rates finally fell, but homebuyers still face a big problem
The Federal Reserve may have cut interest rates last month, but homebuyers still face a challenge when assessing the current market for real estate: home prices.<\p> Prices were up 5.9% in the third quarter this year over the same three-month period in 2023, according to data from Fannie Mae. While that increase is down from a 6.4% spike in the second quarter, it’s still a substantial jump for buyers who are looking for a home.<\p>
8 things to know: Mall to add D.C Southern food spot
Good morning readers, and happy Tuesday.<\p> T. Rowe Price released survey results yesterday, ones which I am unfortunately implicated in. The survey found that 51% of sports fans "are more likely to know their favorite sports team's record than how much they have saved for retirement." Bingo!<\p>
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