Investing in real estate is tremendously exciting, and can be very lucrative. Out of 2,153 world billionaires in 2018, 10% hail from the real estate industry. However, needless to say, real estate investing is not without risk. And even though the analysis of the property being purchased is important, deep understanding of the particular real
As protests continue to roil Hong Kong, a widely followed economist has an idea about how to ease tensions: China, he said, needs to take power away from the city’s tycoons and fix its property market. The east Asian financial hub has been rocked by civil unrest in recent months with operations of Hong Kong
Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters Stock futures indicated little change for stocks on Wall Street on Thursday after first opening the overnight session lower. That follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal
Warren Buffett Bloomberg | Getty Warren Buffett’s Berkshire Hathaway has been loading up on shares of Amazon. Berkshire upped its stake in the e-commerce giant by 11%, the Omaha, Nebraska-based holding company revealed in a government filing Wednesday. Berkshire now owns 537,300 shares of Amazon, worth $947 million. The holdings are as of the end
wundervisuals | E+ | Getty Images If you’re panicking over Wednesday’s market declines, here’s your silver lining: You might have a great opportunity to save on taxes. The Dow Jones Industrial Average plummeted by more than 600 points on Wednesday morning, amid news that the yield curve has inverted. In particular, yields are now higher
With online banking services, companies can save both time and resources while also keeping track of their expenses in a convenient and cost-efficient way. Gone are the days when a company representative had to go to the bank in-person to deposit a check or withdraw cash for wages, as all of these operations can now
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether filing and suspending is still a viable option, when spousal benefit can be available, when delayed retirement credits are applied to retirement benefit checks, survivors eligibility for Medicare
Nick Romito, VTS co-founder and CEO. VTS Nick Romito is redefining the term “unicorn.” Rather than the typical suit-and-tie sporting businessman, the CEO of the private commercial real estate startup VTS, now valued at more than $1 billion, is a former competitive surfer who still hits the waves in his spare time. The New Jersey-native
CNBC’s Jim Cramer said Wednesday that Macy’s earnings miss and forecast cut is not indicative of the retail landscape. In the fashion chain’s fiscal second quarter, shareholders took home 28 cents, well short of Wall Street’s 45 cent estimates, which triggered the stock price to free fall more than 13% in the session. “The Macy’s
Macy’s second-quarter earnings fell way below analysts’ expectations, as heavy markdowns used during the spring season to clear unsold merchandise weighed on profits. Macy’s also lowered its profit outlook for the full year and now is expecting to earn between $2.85 and $3.05 a share, down from a range of $3.05 to $3.25. Its shares