Getty Images Manhattan’s median sales price reached a record high of $1,161,496 in the second quarter of 2019, a steep 11% increase from a year prior, according to a new report from the listings site StreetEasy. The hike was driven by buyers in the luxury market hurrying to close deals before the revised mansion tax
Month: July 2019
Tax reform and gun control both arouse passionate dispute. That is one thing that they have in common. Another thing that they have in common is a kind of knowledge imbalance between people arguing opposite sides. The knowledge imbalance might be, in part, a result of the passion. People resistant to gun control, on the
Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics. Rick Friedman | Corbis News | Getty Images Victoria’s Secret owner, L Brands, has hired outside counsel to review the company’s relationship with accused child sex trafficker Jeffrey Epstein, a company spokesperson said on Thursday.
Vans sneakers on beach Source: Vans VF Corp.’s quarterly revenue beat Wall Street expectations on Wednesday, helped by higher demand for its Vans sneakers and the North Face brand. Net revenue rose 6.3% to $2.27 billion in the first quarter, beating analysts’ estimate of $2.24 billion, according to IBES data from Refinitiv. Net income fell
The PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Shares of PayPal fell as much as 6% in after-hours trading after the payments giant missed Wall Street’s estimates for second-quarter revenue and lowered its full-year guidance. PayPal’s revenue for the quarter rose to $4.31 billion, up 12% from a year
Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators
Thomas Barwick | Taxi | Getty Images The prospect of lower interest rates may put retirees in a bind: Contend with less growth on their “safe money” or consider taking more equity risk. The Federal Reserve is expected to lower the federal funds rate — the key interest rate banks charge to lend to each
Searching for decent retirement income in a world of super-low to negative interest rates has become a real challenge. With central banks the world over – including the newly flip-flopping Fed – signaling renewed monetary softness and an extended period of surreally low rates, a good return is hard to find. Gosh, these days even
Initial Public Offering Getty The number of REIT initial public offerings, or IPOs, has certainly fallen from the good old days. In 2013, for instance, there were 19 of them in all. In 2017, however, there were nine REIT IPOs that, together, raised around $2.9 billion in gross proceeds. For 2018, that number dropped down
Disgraced Wall Street financier Bernard Madoff (C) arrives at a US Federal Court on March 12, 2009 in New York. Photo credit: TIMOTHY A. CLARY/AFP/Getty Images Getty Ponzi schemer Bernard Madoff has been in prison over 10 years (time flies) but still has another 140 years to go. He’s now asked President Trump, who has
After Chipotle CEO Brian Niccol said imitation meat products are too processed for its menu, Beyond Meat CEO Ethan Brown invited him — and any other naysayers — on a tour of the company’s manufacturing facilities. “We believe our process is very clean, we’re very proud of it,” Brown said on CNBC’s “The Exchange” Wednesday.
Shares of Caterpillar plunged after the company posted disappointing second-quarter results as higher material costs including tariffs and lower demand in China made a dent in its profit. Caterpillar earned $2.83 per share in the second quarter, versus consensus estimate of $3.12 per share, according to Refinitiv. Revenue also disappointed with $14.432 billion reported compared
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 17, 2018 in New York. Bryan R. Smith | AFP | Getty Images Check out the companies making headlines midday Wednesday: Texas Instruments — Texas Instruments rose more than 7% to an all-time
A tourist poses with the Wall Street bull statue in the Financial District, August 21, 2018 in New York City. Drew Angerer | Getty Images If you’ve tired of reading reports about millennials, new research out Wednesday may be the last you’ll have to read because it suggests this generation has peaked. Along with this
Nils Hendrik Mueller | Cultura | Getty Images There’s a reason why you shouldn’t pile all your cash into your 401(k): You’ll be paying hefty income taxes in retirement. This is because the money you sock away in that account during your working years is tax-deferred. If your 401(k) makes up most of your savings,
There are really only a few good financial reasons to start Social Security retirement benefits at age 62, the earliest possible age with the lowest monthly benefit, or soon thereafter. Here are a few situations that might call for starting these benefits early: If you’re truly financially strapped and have no reasonable alternative to make
Closeup view of Modern Suburban Home for Sale Real Estate Sign in front of modern home Getty While most people do end up selling their home with the help of a real estate agent, it’s far from the only option. In short, it is possible to successfully list your home as a “For Sale By
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 answers questions about when spousal benefits can become available, whether application dates affect the application of COLAs, whether a checklist could help with deciding when to file, the earnings test
European stocks are set to open slightly higher Wednesday morning, as market participants braced for a dovish outcome from the European Central Bank’s (ECB) upcoming monetary policy meeting. The FTSE 100 is seen 8 points higher at 7,564, the CAC is expected to open up around 10 points at 5,628, while the DAX is poised
Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger demand for chips used in mobile phones and
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