The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday. Even so, consumers likely will get no relief from current sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China signaled support for property developers and resolving
In HBO’s hit show “Succession,” which ended its run this year, glass-tower penthouses and imposing townhouses appear as extensions of the characters’ psyches. Now, show producer Frank Rich — a former New York Post film critic, and New York Times theater critic and op-ed columnist — has a succession plan of his own. The Upper West Side co-op that he bought 30 years
An aerial image shows a red roofed house that survived the fires surrounded by destroyed homes and buildings burned to the ground in the historic Lahaina in the aftermath of wildfires in western Maui in Lahaina, Hawaii on August 10, 2023. Patrick T. Fallon | AFP | Getty Images Along East Boston’s waterfront sits The
Forget the twinkle of big city lights — Gen Zers are moving to a home on the range. The youngest generation of adults is moving to the Great Plains and mountain West to seek out lower costs and “simpler liver,” data from StorageCafe and LendingTree found. In 2021, Gen Z made up the biggest percentages
Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the
There are some one-of-a-kind homes in America that stick out from the millions of properties that still stand today. Here are 11 unusual homes in the United States and beyond. These include the “Flintstone House” in California and a jail cell-equipped house in Ohio. Recently, a school in Iowa that was turned into a massive mansion had
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters The initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the
A bitcoin-powered Brooklyn banya is opening a new location, and The Post has exclusive first photos of its chic interiors. Since 2019, Williamsburg’s Bathhouse has been providing locals with a wellness destination that offers not just spa treatments, but also communal facilities — a stylish take on the traditional European shvitz experience adapted for American
A humble mound of a house just commanded quite the sales price. Set in a Southern California forest, this looker of a geodesic home has freshly sold for $615,000, The Post has learned. The idyllic little spherical structure, constructed in 1986, hit the market last month and went off it this week. The property is
Chris Wattie | Reuters The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting next week, even though the central bank’s preferred inflation indicator remains well above the 2% target rate. Late last month, Fed Chair Jerome Powell said ”inflation is still too high,” raising expectations that another rate hike may
Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Jeenah Moon | Reuters Former President Donald Trump on Thursday railed against the judge who will deliver verdicts in his $250 million New York fraud
This turn-of-the-century, and tricked-out, Upper East Side townhouse asking $15.99 million has found a buyer. The seller is Ronald Dickerman, founder of real estate private equity firm Madison International Realty. Dickerman bought the home 10 years ago for $15.5 million, via a shell company, according to property records. The 21-foot-wide residence, at 159 E. 61st
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation
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