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A Second, Even Bigger Foreclosure Reaches NYC Billionaires' Row
News 7 hours ago
A Second, Even Bigger Foreclosure Reaches NYC Billionaires' Row
Source Bloomberg

Another luxury condo at Manhattan's One57 is scheduled for a foreclosure auction-- the second time in a month that a property seizure is being...

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A Bull Market That Creates Few Jobs in Finance
News 10 hours ago
A Bull Market That Creates Few Jobs in Finance
Source Bloomberg

Today, we are going off the beaten path with an interesting look at an aspect of employment data. Stick with me, because what we found was a bit...

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Dodgers' CEO on Baseball, Technology and Real Estate (Audio)
News 10 hours ago
Dodgers' CEO on Baseball, Technology and Real Estate (Audio)
Source Bloomberg

Stan Kasten, president and chief executive of the Los Angeles Dodgers, speaks with Scott Soshnick and Eben Novy-Williams (filling in for Michael...

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Where the World’s Wealthiest Spend Their Weekends
News 13 hours ago
Where the World’s Wealthiest Spend Their Weekends
Source Bloomberg

Now that the Hamptons are synonymous with wealth, leisure, and stratospheric real estate prices, it's no surprise that brokers around the world are...

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The Fed Needs to Acknowledge Slowing Economy
News 13 hours ago
The Fed Needs to Acknowledge Slowing Economy
Source Bloomberg

As any market veteran can tell you, those on the sell-side are the second-to-last to concede to a slowdown in economic activity. It's unseemly to...

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U.S. Stocks in Lull as S&P 500 Little Changed; Energy Advances
News 17 hours ago
U.S. Stocks in Lull as S&P 500 Little Changed; Energy Advances
Source Bloomberg

U.S. stocks held steady with the S&P 500 Index on pace for a virtually flat week as financial stocks gained following the results of the group's...

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Why Can’t They Build More Homes Where the Jobs Are?
News 18 hours ago
Why Can’t They Build More Homes Where the Jobs Are?
Source Bloomberg

In a logical world, builders would rush to put up homes in the U.S. regions adding jobs at the fastest pace. In reality, it's not so simple. San...

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Five Charts Show U.K. Stocks Struggling a Year After Brexit Vote
News 23 hours ago
Five Charts Show U.K. Stocks Struggling a Year After Brexit Vote
Source Bloomberg

A year to the day after Britons voted to leave the European Union, sparking an initial selloff in the country's equity markets, five charts show U...

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Canadian Retailers Are Off to Their Best Start Ever
News 1 day ago
Canadian Retailers Are Off to Their Best Start Ever
Source Bloomberg

Canada's retailers have never had it better. Consumers continued their free-spending ways in April, pushing retail sales to a 0.8 percent gain from...

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Berkshire Hathaway to Invest in Embattled Lender Home Capital
News 1 day ago
Berkshire Hathaway to Invest in Embattled Lender Home Capital
Source Bloomberg

Warren Buffett's Berkshire Hathaway Inc. has stepped in to inject funds into Home Capital Group Inc., the Canadian alternative lender attempting to...

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Altice USA Climbs in Debut After Year's Second-Biggest U.S. IPO
News 2 days ago
Altice USA Climbs in Debut After Year's Second-Biggest U.S. IPO
Source Bloomberg

Billionaire Patrick Drahi's Altice USA Inc. rose in its trading debut after raising $1.9 billion in the second-biggest U.S. initial public offering...

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Toronto Home Sales Cool Amid Signs Prices May Be Next to Fall
News 2 days ago
Toronto Home Sales Cool Amid Signs Prices May Be Next to Fall
Source Bloomberg

Here's more evidence that one of the world's hottest housing markets is cooling down.Home sales in Toronto fell by half to 2,999 in the first two...

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Republican Wins House Seat Vacated By South Carolina's Mick Mulvaney
News 3 days ago
Republican Wins House Seat Vacated By South Carolina's Mick Mulvaney
Source Bloomberg

Columbia, S.C. (AP)-- The Latest on the race to replace Mick Mulvaney in South Carolina's 5th District (all times local): 9:05 p.m. Republican...

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TPG Said to Target $3 Billion for Fourth Growth-Equity Fund
News 3 days ago
TPG Said to Target $3 Billion for Fourth Growth-Equity Fund
Source Bloomberg

TPG, an investor in Uber Technologies Inc. and Airbnb Inc., is seeking $3 billion for its fourth growth-equity fund, according to people with...

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Home Capital Sells Mortgage Assets to KingSett For C$1.16 Billion in Cash
News 3 days ago
Home Capital Sells Mortgage Assets to KingSett For C$1.16 Billion in Cash
Source Bloomberg

Home Capital Group Inc., the embattled alternative lender, agreed to sell a clutch of commercial mortgages to affiliates of KingSett Capital Inc....

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Sinochem Group Said to Mull Listing Oil Assets in Hong Kong
News 3 days ago
Sinochem Group Said to Mull Listing Oil Assets in Hong Kong
Source Bloomberg

China's Sinochem Group is considering listing its oil-related business in Hong Kong, according to people with knowledge of the plan.The state-owned...

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Brazil Banks Struggle to Sell $4.2 Billion of Seized Collateral
News 3 days ago
Brazil Banks Struggle to Sell $4.2 Billion of Seized Collateral
Source Bloomberg

Brazilian banks are wrestling with a growing pile of assets they'd rather not own: at least 13.8 billion reais ($4.2 billion) of cars, real estate,...

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Investors Shun Indonesia Developer Stocks Amid Home Price Surge
News 4 days ago
Investors Shun Indonesia Developer Stocks Amid Home Price Surge
Source Bloomberg

Analysts love them, investors loathe them. Three out of the seven Indonesian stocks which have unanimous buy recommendations from analysts are...

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Endowments Hope Another June Black Swan Won't Spoil Strong Year
News 4 days ago
Endowments Hope Another June Black Swan Won't Spoil Strong Year
Source Bloomberg

In 2015, it was the Greek debt crisis. Last year, Brexit.No news will be good news for many endowments-- at least for the next two weeks-- as they...

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S&P 500 Stays Bulletproof Another Week as Nasdaq Travails Linger
News 1 week ago
S&P 500 Stays Bulletproof Another Week as Nasdaq Travails Linger
Source Bloomberg

Fears that a selloff in technology stocks would spur a deeper rift in equities were assuaged as the S&P 500 Index ended the week little changed,...

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NYC Commuters to Get New Train Hub as Cuomo Signs Transit Deal
News 1 week ago
NYC Commuters to Get New Train Hub as Cuomo Signs Transit Deal
Source Bloomberg

Related Cos. and Vornado Realty Trust completed a deal to redevelop Manhattan's landmark James A. Farley Post Office Building, part of a $1.6...

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Amazon Is Up But It's Driving the Stock Market Lower Today
News 1 week ago
Amazon Is Up But It's Driving the Stock Market Lower Today
Source Bloomberg

Normally the stock market isn't where you go to see protests about wealth concentration. Today, you might. Unless you're an owner of Whole Foods...

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Canada Home Sales Drop Most in Almost 5 Years on Toronto Decline
News 1 week ago
Canada Home Sales Drop Most in Almost 5 Years on Toronto Decline
Source Bloomberg

Canadian home sales fell by the most in almost five years last month, led by a plunge in Toronto after a foreign-buyer tax was introduced to curb...

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U.S. Stocks Slip on Tech Drop, Dollar Up After Fed: Markets Wrap
News 1 week ago
U.S. Stocks Slip on Tech Drop, Dollar Up After Fed: Markets Wrap
Source Bloomberg

U.S. stocks fell for the fourth time in five days as selling in technology shares resumed. The dollar advanced with Treasury yields, while gold...

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Anbang Says Waldorf Astoria Condo Conversion Proceeding Normally
News 1 week ago
Anbang Says Waldorf Astoria Condo Conversion Proceeding Normally
Source Bloomberg

The conversion of New York's landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated...

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Congressional Democrats Sue Trump Over Foreign Payments
News 1 week ago
Congressional Democrats Sue Trump Over Foreign Payments
Source Bloomberg

Washington (AP)-- Democratic lawmakers are suing President Donald Trump over foreign money flowing into his global business empire. Almost 200...

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China’s Consumers, Factories Hold Up as Global Outlook Brightens
News 1 week ago
China’s Consumers, Factories Hold Up as Global Outlook Brightens
Source Bloomberg

China's retail sales and industrial output remained resilient in May, while signs emerged that measures to cool the property market are having some...

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Trump Partner Said in Running to Build FBI Headquarters
News 1 week ago
Trump Partner Said in Running to Build FBI Headquarters
Source Bloomberg

New York (AP)-- A company that owns buildings with Donald Trump and the family of Jared Kushner is a finalist for a $1.7 billion contract to build...

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This Luxury Manhattan Condo's Big-Spending Buyers Are Locals
News 1 week ago
This Luxury Manhattan Condo's Big-Spending Buyers Are Locals
Source Bloomberg

How do you offload luxury condos in Manhattan, where there's a glut of offerings and the foreign investors have disappeared? You attract the locals...

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U.S. Stocks Rebound With Tech in Front as Fed Meeting Begins
News 1 week ago
U.S. Stocks Rebound With Tech in Front as Fed Meeting Begins
Source Bloomberg

U.S. indexes advanced, signaling stock gains for the first time in three days, as tech stocks bounced and investors awaited Wednesday's Federal...

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