Economics And Finance
Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings
Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. Trump Tower Is Now One of NYC’s Least-Desirable Luxury Buildings The 36-year-old building has been turned into a fortress since Trump won the presidency, ringed with concrete barriers…
One-Third of Middle Class Can’t Afford $400 Surprise Expense
Many U.S. adults remain in position of ‘financial fragility’ despite ‘marginally’ improved economic security, central banker says. One-Third of Middle Class Can’t One-third of middle-class American adults couldn’t afford a $400 surprise expense, and some 6% also couldn’t manage such a cost even by borrowing money or selling something, a…
Ultimate Resource For Retirees And Retirement Planning (#GotBitcoin)
We can’t tell the difference between needs and wants and are unable to delay gratification. From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. Ultimate Resource For Retirees And Retirement Planning (#GotBitcoin)…
Fed Shifts Goal Posts, And Investors Should Care (#GotBitcoin?)
The way the inflation target is implemented could change, with big implications for markets. Two words in Federal Reserve Chairman Jerome Powell’s opening comments on Wednesday mattered: “transient” and “symmetric.” The markets focused only on the first, with stocks and gold falling and bond yields rising as Mr. Powell described…
Booming Economy? US Treasury Can’t Pay It’s Bills, (#GotBitcoin?)
Agency urges Congress to act promptly to raise the federal borrowing limit.The U.S. government risks not being able to pay its bills on time later this summer or fall unless Congress acts to raise the federal borrowing limit, the Treasury Department said Wednesday. Booming Economy? US Treasury Can't Congress voted…
Google Shows Cracks, Foxconn Retreats (#GotBitcoin?)
Google parent Alphabet Inc. in the first quarter posted its slowest revenue growth since 2015. The poor results highlight the risks for one of Silicon Valley’s biggest names in effectively leaning on one massive, if lucrative, business. Google Shows Cracks, Foxconn Retreats (#GotBitcoin?) Parent company Alphabet posts slowest revenue growth…
Mortgages? Big Banks Throw In The Towel (#GotBitcoin?)
Non-banks’ made over half the mortgages taken out by American consumers in 2017. Mortgages? Big Banks Throw In The Towel (#GotBitcoin?) You can kiss George Bailey’s mortgage market goodbye. As the small-town banker in Frank Capra’s “It’s a Wonderful Life,” Bailey epitomized an old-fashioned world in which bankers know every…
US Doesn’t Have The Money To Match Beijing’s “Belt-and-Road” Initiative (#GotBitcoin)
Xi Jinping, looking to expand global program—and responding to criticism—invites multilateral input. US Doesn't Have The Money To Match Beijing's "Belt-and-Road" Initiative (#GotBitcoin) China has unleashed easy credit for more than five years to fuel its ambitions to build global infrastructure, heaping debt upon itself and other developing economies.…
Sell Your Home With A Realtor Or An Algorithm? (#GotBitcoin)
Leading real estate brokerage launching iBuying program. Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this year, another indication of the future path of residential real estate transactions. Sell Your Home With A Realtor Or An Algorithm? (#GotBitcoin) [embed]https://www.youtube.com/watch?v=YntuJXj3GUk&list=PLU1KxUVqGmaPQ1WYBa5SgQ72nSr28fYPs[/embed] The embrace of…
Morgan Stanley To Pay $150 Million To Settle California Case (#GotBitcoin?)
State attorney general alleges the bank misled investors about the risks tied to certain products. Morgan Stanley To Pay $150 Million To Settle California Case (#GotBitcoin?) California’s attorney general said Morgan Stanley MS -0.17% has agreed to pay $150 million to settle allegations the company misled investors, including pension funds…
Social Security Costs To Exceed Income In 2020, Trustees Say (#GotBitcoin?)
The Social Security program’s costs will exceed its income in 2020 for the first time since 1982—two years later than officials projected last year—forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. Social Security Costs To Exceed Income In 2020, Trustees Say (#GotBitcoin?) The…
U.S. Existing-Home Sales Declined In March Marking 13 Straight Months Of Annual Declines.(#GotBitcoin?)
Sales fell 4.9% as the housing market heads into the crucial spring selling season. U.S. Existing-Home Sales Declined In March Marking 13 Straight Months Of Annual Declines.(#GotBitcoin?) Sales were down 5.4% from a year ago. Sales of previously owned U.S. homes sputtered in March, failing to build off strong gains…