Render of the Oceanix city concept. OCEANIX/BIG-Bjarke Ingels Group “Coastal cities are literally the interface between man and nature. That is where it is happening,” spoke Marc Collins, the former tourism minister of French Polynesia and founder of Oceanix as we sat together in Bryant Park beneath the towers of Manhattan. Collins has a crazy
Month: October 2019
A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Without the Softbank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC’s David Faber. WeWork announced Tuesday that Japanese conglomerate
Paul Tudor Jones Leanne Miller | CNBC Presidential hopeful Pete Buttigieg has seen a marked uptick in support following his standout performance earlier this month at the Democratic debate in Ohio. And that includes billionaire investor Paul Tudor Jones. “I love Pete, I love Mayor Pete, because I think he would be the best administrator
Illinois paper is looking more attractive when held up to Chicago city and Chicago Public Schools bonds as the district’s teachers strike moves deeper into its second week and concerns grow over the price tag for settling the rift, Citi’s municipal strategy group head said Tuesday. “In order to resolve the strike the administration will
Ripple has increased its focus on regulatory advocacy for cryptocurrency by opening an office in Washington DC with a dedicated regulatory team. With regulatory attitudes towards cryptocurrencies becoming a focal point of conversation, particularly as the controversy around Libra dominates headlines, Ripple has decided to take a proactive step in the matter. It has become
When bitcoin advocates claim adoption is surging in developing countries, particularly during periods of political unrest or economic turmoil, their go-to source for evidence is often LocalBitcoins. The peer-to-peer exchange, which matches buyers and sellers of the largest cryptocurrency in nearly 250 countries, publishes weekly volume data for each nation and region where it has
Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents per share, which was better than the 5 cent loss per share Wall Street expected.
The astonishing buying/investing power of SoftBank has altered much of the world’s way of thinking … [+] about businesses. Photo by Eloise Ambursley on Unsplash Is it just me, or has the reduction in WeWork’s ostensible value from $47B to $8B caused a frisson of schadenfreude in the business world? Could it be a sign
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images September sales of existing homes fell short of expectations, following two months of gains. The problem is low supply combined with high prices; prices jumped nearly 6% annually, according to the National
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
View Bitcoin is looking north, with the hourly chart reporting a golden cross. Key resistance at $8,820 could be put to test over the next few days. On the downside. $7,800 is the level to beat for the bears. A widely tracked short-term bitcoin price indicator has turned bullish, strengthening the case for a test
iStockphoto Can a factor approach better help investors identify good fixed-income plays, like “fallen angel” bonds? As the bond bull market grinds on, investors increasingly see fixed income as fertile ground for factor investing. “Factors” are broad characteristics of securities, such as volatility, momentum, and quality, that can be quantified and harnessed to achieve a
Chicago Mayor Lori Lightfoot will make a dent in the $800 million budget gap by booking $200 million in upfront savings from a $1.3 billion refinancing. The city will refund callable general obligation and motor fuel tax bonds with a mix of bonds backed by its general obligation credit and by its higher-rated Sales Tax
Bitfinex, the controversial cryptocurrency exchanged headquartered in Hong Kong, has filed an application for discovery with a California court in an attempt to subpoena a former banking executive in order to access $880 million USD in frozen funds. Bitfinex Seeking to Recover “Missing” Millions iFinex, the parent company of Bitfinex, submitted the request on October 18
Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian
A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of TD Ameritrade climbed more than 4% during extended trade after the company reported better-than-expected earnings for its fourth quarter. The
Share to facebook Share to twitter Share to linkedin The entry to Paul Allen’s home. Open Homes Photography The home of deceased billionaire Paul Allen, co-founder of Microsoft, hit the market last week for $41.5 million in Silicon Valley’s Atherton, California. For the full story, click here. The following pictures show the interior of the
Lisa and Chris Puchalla outside their ADU in Washington DC. Diana Olick | CNBC They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed of homebuilder and landlord. Second homes, formally called auxiliary dwelling units (ADU’s), are
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
The debate over the use of negative interest rates continues. “Given the low level of interest rates in many developed economies, negative interest rates could become an important policy tool for fighting future economic downturns,” Jens H.E. Christensen, a research advisor in the Federal Reserve Bank of San Francisco Economic Research Department, wrote in a
Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to keep the co-working space provider
Denver money manager Fred Taylor of Northstar Investment Advisors. Source: Northstar Investment Advisors Managing investments in a year fraught with headline risks requires a sound strategy and the conviction to stand by it, but also the flexibility to take advantage of fast-changing market conditions. Denver money manager Fred Taylor has long focused on companies that
Puerto Rico’s Oversight Board said there may less money to pay bondholders than it has projected and Puerto Rico’s $18 billion in bank accounts allows for no additional money to pay bondholders. The board made these arguments in two documents it made public on the Electronic Municipal Marketplace Access web site Thursday night. The documents
The cryptocurrency space has come a long way over the past five years, and one of the more important members of a growing ecosystem has been the global crypto exchange Huobi. The company has done a lot to increase awareness about the crypto sphere and in turn, has been one of the biggest contributors towards
Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
Share to facebook Share to twitter Share to linkedin Michael Jordan’s Utah retreat features panoramic views of the Glenwild Golf Course and Wasatch … [+] Mountains. Realtor.com Michael Jordan now has two luxury homes on the market. In addition to his Chicago-area home, which has been on the market for over seven years, Jordan recently
Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. Mike Segar | Reuters Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance
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