Weakness in high-end real estate doesn’t make sense right now. The stock market is roaring ahead, and with wealthy investors benefitting disproportionately, prices for mansions, trophy homes and apartments should follow suit.
Talking Biz News, a site for business journalists, was quietly acquired by Qwoted, a freemium site that connects reporters to sources and PR firms and is owned by two PR firms.
Yahoo Finance editor-in-chief, Andy Serwer, interviews an 11-year-old boy whose photograph appeared on the cover of Time Magazine a decade ago.
What went down in Hong Kong this week is worth digging into.There was a notable election, Chinese e-commerce giant Alibaba debuted on the Hong Kong Stock Exchange and Trump weighed in.
Mike Piazza remembers a Warren Buffett quote: “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
China and the U.S. are decoupling and as a result the APAC economies are feeling the effect. Trade is down, GDP growth is down and so are a host of other indicators.
“I love the U.S. constitution. I love that balance of powers in politics, and I think a balance of powers in economics is good, too,” says Nicholas Lemann, author of “Transaction Man: The Rise of the Deal and the Decline of the American Dream.”
The media business has always been about frenemies and evolving alliances which makes for tricky navigation even in quiescent times.
In an exclusive interview, top executives at Facebook (FB) who oversee content called for government regulation of posts that appear on the site, but did not provide specifics.
Samantha Power sharply criticized President Donald Trump’s ouster of National Security Advisor John Bolton, saying the dismissal indicates an unsteady administration.
Treasury Secretary Steve Mnuchin has proposed floating a 100-year bond. He suggested it two years ago as well, so too did officials in the Obama Administration before him.
“It’s really unusual and really distorting the global financial system,” says Torsten Slok, a chief economist at Deutsche Bank Securities.
One reason why investors may be going gaga over the recent mini-flurry of IPOs (Uber, Beyond Meat, Slack, etc) is the simple fact there are so few of them.