Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors
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Larry Silverstein is praying the third time’s the charm for Two World Trade Center. The developer is in serious talks with American Express to anchor or completely fill the delayed skyscraper, which needs a tenant for Silverstein to get construction financing, according to a report. The yet-to-be-built tower is the missing link in his otherwise
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File photo Patrick T. Fallon | Bloomberg | Getty Images Mortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week. Total mortgage application volume rose just 1.6% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate
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A palatial home that once belonged to the legendary late prima ballerina Dame Margot Fonteyn is looking for its next steward.  The newly listed, nearly 16,000-square-foot property is located in the Knightsbridge district of London — and asks a mighty $85.81 million.  Originally built in 1928, Fonteyn — who passed away in 1991 — moved
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