For roughly 1,903 Bitcoin at today’s conversion rate, Ivanka Trump, Spanish crooner Julio Iglesias, supermodel Adriana Lima, and dozens of other A-listers and titans of industry could soon become your neighbors in Miami’s most coveted address. Locally known as “Billionaire Bunker”, Indian Creek Island on Biscayne Bay on the backside of Miami Beach is by
Month: May 2022
In this article KSS The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders voted to reelect the company’s current slate of 13 board directors, as the retailer faced mounting pressure from activists for an overhaul, the company
In this article PTON A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventory piled up in warehouses and ate away at the
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, April 28, 2022. Brendan McDermid | Reuters Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures eased 0.1% and
Retired soccer player and two-time Olympic gold medalist Abby Wambach says she’s gotten used to “flipping tables” – and she wants to pass advice on how to advocate for yourself to others. At Loyola Marymount University’s commencement ceremony on Saturday, Wambach told the undergraduate audience about a lesson she’s learned to consistently practice: how to
In this article GBTC Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF,
Sallie Krawcheck, CEO and co-founder of Ellevest and author of “Own It: The Power of Women at Work.” Slaven Vlasic | Getty Images Entertainment | Getty Images Sallie Krawcheck knows what it is like to be one of the few women in the room. She led the wealth management business of a major Wall Street
Luis Alvarez | Digitalvision | Getty Images Inflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since the summer of 1982, the U.S. Department of Labor said Wednesday. While a slight reduction from the 8.5% rate in March, the
The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. The decrease in value of commercial property has forced many owners to restructure their debt. However, the resulting forgiveness of a portion
Although Shanghai began in mid-April to prioritize several hundred companies for resuming work, foreign business organizations have said that doesn’t mean the factories can operate at full capacity. Tian Yuhao | China News Service | Getty Images BEIJING — Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in the metropolis of
In this article RBLX David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’
In this article BTC.CM= LUNA.CM= ETH.CM= Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypto project Terra are now in freefall. UST, a so-called stablecoin that’s meant to maintain a $1 peg, plunged
As countries across Asia reopen to international travelers, Japan — one of the continent’s most popular destinations — remains firmly closed. That may soon change. Prime Minister Fumio Kishida announced Thursday at a news conference in London that Japan will ease border controls in June. Locals often celebrate the easing of pandemic-related border restrictions, but some
Athima Tongloom | Moment | Getty Images The share of job ads that require candidates to have a Covid-19 vaccine seems to be on the decline. About 6.7% of U.S. job listings cited vaccination as a necessity for applicants as of April 29, according to a new analysis by AnnElizabeth Konkel, an economist at Indeed,
The last time the Spelling Manor changed hands was in 2019, when it sold to an undisclosed buyer for $119.75 million—the highest recorded residential sale ever for Los Angeles County at the time. Fast-forward three years and the famed estate’s current price of $165 million wouldn’t come close to breaking the new California record set
In an interview Tuesday with CNBC’s Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm’s balance sheet at the end of its first quarter. Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after
In this article COIN Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter results that missed analysts’ revenue estimates after the bell on Tuesday. Shares fell more than 15% in
In this article COIN SOFI RBLX U EA The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Check out the companies making headlines after the bell: Coinbase — Shares sank
Add the global economy to Bill Gates’ growing list of concerns these days. On Sunday, the billionaire Microsoft co-founder told CNN’s “Fareed Zakaria GPS” that he believes factors like Russia’s war in Ukraine and the pandemic’s economic fallout create a “strong argument” that the world will see an economic slowdown in the near future. “It
In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close
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