After nearly a decade, the saga of Los Angeles mega-mansion called “The One” is about to come to a close. Once listed for as much as $295 million, the 105,000-sqaure-foot home designed by architect Paul McClean sold at auction this month to Fashion Nova founder Richard Saghian for $141 million. The sale is set to
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A sign is posted in front of a home for sale on September 28, 2021 in San Anselmo, California. Justin Sullivan | Getty Images Home value growth surpassed median salaries last year in 25 of 38 metropolitan areas across the country, according to research from real estate company Zillow. To compare, Zillow said only five
Let’s say you want to lose your Bitcoin (BTC) totally, irretrievably and forever. Hey, it’s not our place to wonder why. Maybe it’s part of some elaborate performance art piece, like the guy who destroyed all his possessions or perhaps you’ve always been big fans of electronic music outfit The KLF, who famously burned 1
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A restructuring deal for the Puerto Rico Electric Power Authority will not include any mediators who participated in the central government’s plan of adjustment while the Oversight Board doubled-down on excluding the local legislature in negotiating a new PREPA restructuring plan. Puerto Rico bankruptcy Judge Laura Taylor Swain said in a court filing on Thursday
DPC DATA has integrated climate and social risk scores into a product that uses Spatial Risk Systems’ (SRS) geospatial data, mapping physical climate risk and carbon transition risk for more than 25,000 muni obligors. MuniESG Solutions was created in response to demand from DPC’s clients for climate risk data as the key component of a
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Hedge funds have ramped up their commodity bets as prices surged during geopolitical turmoil, and managers with big exposure are reaping sizable profits. The
In this article X GME FDX TSLA MRNA RENT WING MDB GRMN JOAN Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading Friday. GameStop — Shares of the video game retailer
Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he interviewed the publication about the potential perils of the industry he helped create. During the 80-minute interview, Buterin explained the “dystopian potential” of digital assets if implemented incorrectly. Among his biggest worries are overzealous investors, high transaction fees and public
A new housing market report is a wake-up call that what goes up must come down. Existing home sales dipped in February, continuing a seesawing pattern of gains and declines over the last few months, according to the National Association of Realtors. Each of the four major U.S. regions saw sales fall on a month-over-month
A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022. Stefani Reynolds | AFP | Getty Images Sales of previously owned homes fell 7.2% month to month in February to a seasonally adjusted annualized rate of 6.02 million units, according to the National Association of Realtors. That
On its second day of trading, APE rose by nearly 100% and is up over 1,200% in the last two sessions. Although gains were significantly more muted, AAVE and HNT also climbed higher to end the week. AAVE Although APE was undoubtedly today’s biggest mover, there isn’t much to discuss in the way of technical
Long position With a long position, you buy a stock at a certain price and sell it at a higher price as the stock appreciates in value. The profit that you make is the difference between your buy price and the price that you sell it at. Short position With the short position what happens
Investors are learning that paying 20X sales is nothing if the growth numbers are right.
Municipal yields fell on Thursday for the first time since March 1 as buyers emerged, while U.S. Treasuries rose out longer and equities improved again a day after the Fed’s first rate hike. Trading was stronger out of the gates, with large blocks of high-grades changing hands at stronger levels. Triple-A benchmark yields were bumped
The Government Finance Officers Association has issued a warning urging government finance officers to abstain from using and investing in cryptocurrencies for government operations. “GFOA advises governments to abstain from accepting cryptocurrency for receivables, using cryptocurrency for payables, and investing in these products,” the GFOA advisory notice issued this week says. The group starkly warns
Ripple, the enterprise payment technology company, plans to give out one billion XRP in grants for developers. The newly announced grant is an extension of the company’s XRPL Grants program launched in 2021. The developer grant would be focused on encouraging open-source projects on the XRP ledger, built for enterprise remittance assistance. Ripple has built
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception
In this article MS MCD RVLV DG A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar General — Shares of the discount retail chain gained 2.8% despite a weaker-than-expected fourth-quarter
A sharp upside retracement in the Avalanche (AVAX) market this week has raised its possibilities to rise by another 100% in Q2. Avalanche chart painting a ‘bull flag’ The bullish outlook primarily appears in the wake of AVAX’s multi-month bull flag setup, which formed after a strong price move higher to over $150, an all-time high