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Leisure and hospitality led job gains in May as employers hired 559,000 people last month, more than double the month prior. (iStock)
National

Economic recovery quickens from crawling to merely slow

The economic recovery can’t get here fast enough. Employers added back 559,000 jobs to the U.S. economy in May,...

Economic recovery quickens from crawling to merely slow
Katerra’s abrupt closure has left clients and subsidiaries in the lurch. (Getty)
National

What Katerra’s shutdown means for clients, subsidiaries

Last week, “rumblings” from Katerra workers on a project site in Jersey City reached developer Paul Silverman. He then...

What Katerra’s shutdown means for clients, subsidiaries
Katerra CEO Paal Kibsgaard (right) and Softbank CEO Masayoshi Son (Getty)
National

Troubled construction startup Katerra will shut down: report

Another SoftBank-backed startup has imploded. The construction startup Katerra, which aimed to transform the $12 trillion global construction industry,...

Troubled construction startup Katerra will shut down: report
Procore CEO Tooey Courtemanche (Linkedin, SEC) 
National

Procore raises $635M in long-awaited IPO

Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. The company initially marketed stock between $60 to $65 a share, Bloomberg...

Procore raises $635M in long-awaited IPO
New York’s Construction industry at ‘inflection point’
National Issue

New York’s Construction industry at ‘inflection point’

With global supply chains, an inherent need for on-site workers and a client base that depends on optimism, construction...

New York’s Construction industry at ‘inflection point’
Brendan Wallace of Fifth Wall and Sean McCreanor of Assignar (Fifth Wall, Assignar, Getty)
National

Construction startup raises $20M in round led by Fifth Wall

A Denver-based startup that hopes to streamline the construction process is getting backing from some big investors. Fifth Wall...

Construction startup raises $20M in round led by Fifth Wall
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