Last year was one for the record books for the Manhattan real estate market, and the surge in deal volume during 2021 was primarily due to pent-up demand. The fear of missing out increased the number of expected buyers when the market reopened in the summer of 2020, and fears subsequently subsided. A deeper look
For many homeowners, the pandemic offered an unprecedented opportunity to build wealth. Those opportunities still exist, even though they are getting harder to come by. Thanks to skyrocketing housing prices, the amount of home equity is at an all-time high. As of the third quarter of last year, homeowners held $9.4 trillion in equity to
Central bankers need to speak up about economic barriers prompted by racism and the need for inclusion and diversity, Federal Reserve Bank of Atlanta President Raphael Bostic said, a response to critics who see the work as a distraction from the Fed’s main goals. “I hear this a lot in terms of the work we
Los Angeles City Controller Ron Galperin announced plans Thursday to run for state controller entering an increasingly congested race. The termed-out Galperin seeks to replace State Controller Betty Yee, who also terms out this year. He throws his hat into a race that already includes Republican Lanhee Chen, a former George W. Bush White House
In this article INTC COUR AAPL GDDY NFLX The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Stocks started the new year on rocky footing as investors confronted the prospect of rising omicron cases, higher bond yields and the Federal Reserve tightening its monetary policy. These macroeconomic factors can
In this article GME TMUS 4AIM-IT SONO QDEL DKNG Check out the companies making headlines before the bell: GameStop (GME) – GameStop surged 14.3% in the premarket on reports that the videogame retailer is starting a new division to focus on cryptocurrency partnerships and NFTs. T-Mobile (TMUS) – T-Mobile reported fourth-quarter postpaid net subscriber additions
Jon Landau, the producer of Titanic and Avatar, has put his property in Islamorada, Florida on the market for $13.9 million. The waterfront property is currently the most expensive listing in the village of six islands just 90 minutes south of Miami. The stunning property encompasses almost four oceanfront acres. At the entrance, an exceptional
A 105,000-square-foot megamansion, known as “The One,” in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America. The property, which has been a decade in the making, would be the most expensive home ever sold in the U.S. if it gets its asking price
The United States Department of Justice on Friday told the Puerto Rico bankruptcy judge it would defend the constitutionality of the Puerto Rico Oversight, Management, and Economic Stability Act, the law governing the bankruptcy process that has been challenged by several parties. The move may slow the confirmation process of the Plan of Adjustment. U.S.
After the popularity of DeFi, came the rise of nonfungible tokens (NFTs) and to the surprise of many, NFTs took the spotlight and remain front and center with the highest volume in sales, occuring at the start of January 2022. While 2021 became the year of NFTs, GameFi applications did surpass DeFi in terms of
Pakistan’s Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The government of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to
The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum (ETH) wallet. Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform. hot wallet compromised? @lcx
The lingering effects of federal aid should help not-for-profit hospital ratings weather the COVID-19 pandemic’s wounds even as labor shortages and other strains persist through 2022, S&P Global Ratings said. “Our view remains stable as the sector continues to weather the pandemic well — albeit with the benefit of significant federal aid,” S&P said in
In this article GDDY The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Company: GoDaddy, Inc. (GDDY) Business: GoDaddy operates in three segments: Domains, Hosting and Presence and Business
In this article CHWY PJC KSS In this photo illustration the Discovery Channel logo of an US television network is seen on a smartphone and a pc screen. Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. GameStop – Shares of the video game retailer jumped about 4% after news
If you have a question like this one, send it in. I’ll tackle case studies that have educational value. “I am anxious to pay off my mortgage since, with the current standard deduction, there is no advantage in claiming mortgage interest. “My wife and I are retired. I am 72, with a pension along with Social Security, and have $850,000
Fans for the Tennessee Titans and the Los Angeles Rams before an NFL football game at SoFi Stadium, Sunday, Nov. 7, 2021, in Inglewood, Calif. Marcio Jose Sanchez | AP The Buffalo Bills are seeking a new $1.3 billion National Football League stadium. The Chicago Bears are spending $197 million to acquire land that could
The Department of the Treasury has issued its final ruling on its State and Local Fiscal Recovery Funds, leaving the controversial tax cut ban mandate virtually untouched as it hopes to restrict the use of stimulus funds to offset tax cuts. “Congress specified two types of ineligible uses of funds: funds may not be used
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto