Month: May 2022

Eaglecrest is a 140-acre estate in the heart of Virginia that was inspired by such presidential mansions as George Washington’s Mount Vernon and Thomas Jefferson’s Monticello. Set in Charlottesville, about a 2-hour drive from Washington, D.C., the property has easy access to historical sites, wineries and outdoor recreation including hiking, horseback riding and golf. Nearby
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Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not
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Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio‘s biggest challenge right now is making sure that supply chains are stable, CEO William
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From the outside, Taylor Swift – an 11-time Grammy Award winner with 55.5 million monthly listeners on Spotify – seems accustomed to success. But at New York University’s commencement ceremony on Wednesday, the 32-year-old singer-songwriter told graduates that her accolades are really a result of something else: moments of rejection. ”The times I was told ‘no’
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By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide. The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions. But soaring inflation and rapidly rising interest rates have most Americans worried that the good
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By Lazetta Rainey Braxton, Next Avenue When I decided to write about Gen X and Money, my interest centered on our financial joys, concerns, trends and the opportunities to position ourselves as the next travelers on the road to retirement. Little did I realize that several columns later, I would be grappling with the term
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Some people have framed diplomas. Others have framed photos with celebrities. Jeff Bezos has a framed 16-year-old copy of Businessweek magazine. On Wednesday, the Amazon founder tweeted a photo of the November 2006 magazine’s cover, which featured a photo of Bezos at age 42 behind the text, “Amazon’s Risky Bet.” The cover story was about
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(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
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