Several years ago hotelier Vasco Borges was investigating undeveloped land in the Turks and Caicos. As he cleared a path of the dense landscape with a machete he suddenly arrived at the end of a cliff. Borges discovered a beautiful new locale on the North Shore of Providenciales that he hadn’t seen before. The spot
Wall Street is in love with financial technology plays and Facebook is the newest entrant in the space to keep an eye on, CNBC’s Jim Cramer said Tuesday. “Ever since Facebook rolled out the concept of Libra in a really boring white paper, it’s become the big cap stock to beat in this market. On
A visitor exits Symantec headquarters in Mountain View, Calif., Aug. 24, 2010. Tony Avelar | Bloomberg | Getty Images Symantec shares surged more than 20% in extended trading on Tuesday after Bloomberg reported that Broadcom is in advanced talks to acquire the security software vendor. Symantec has been plagued in recent years by management turmoil
Utah added nearly 50,000 jobs last year, spurring a housing boom in the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several
A new report from the Federal Reserve paints a bleak picture of America’s retirement savings. Twenty/20 A friend recently texted me that she had spent her entire weekend obsessing over money. “I don’t know what kind of life I want to live, or what I want to save for, or even IF I want to
Dan Kitwood | Getty Images When Michael Bloch’s wife graduated from law school with more than $300,000 in student loans, the couple sat down to come up with a plan. After reading blogs and articles, drafting spreadsheets and consulting a financial advisor, they still didn’t have an answer. “We really struggled with what is the
ASSOCIATED PRESS Increasingly, the old family homestead is not being passed down to the family when the parents die. Older parents are taking advantage of reverse mortgages to pay off credit cards and to escape poverty and debt. This reduces equity in the home and often leads to foreclosure, leaving traditional heirs with nothing but
The last time we will see Kawhi Leonard in a Raptors jersey. (AP Photo/Ben Margot) ASSOCIATED PRESS Since NBA free agency began this weekend, I have seen a lot of wishful Tweets and articles from Canadians on why Kawhi Leonard will resign in Toronto. I hate to be the bearer of bad news, but there
In the United States, Opportunity Zones (OZs) have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool. Opportunity Zones are defined as: “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential
An interview with billionaire investor and vice chairman of Berkshire Hathaway, Charlie Munger. In this interview, Charlie discusses how he thinks about investments and the state of the global economy. Charlie also discusses the power of brands, politics and China. ???? Books about Charlie Munger and his favourite books are located at the bottom of