China’s urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. “Fixing the property sector may be a multi-year or even a decade’s work in front of us. Reason being, we built way too many housing for Chinese people,” the
Courtneyk | E+ | Getty Images Americans are at risk of falling short of what they may need to live on financially in retirement. One potential reason is lifestyle creep, or the tendency to upgrade your lifestyle as you earn more. An upgrade people are often tempted to make – the purchase of a second
There are lots more employees in Big Apple offices than the most often-cited “barometer” of attendance would have you believe. The Partnership for New York City released a survey on Monday claiming that 58% of Manhattan office workers are at their desks on an average weekday. That’s up from 52% in late January 2023 and 49%
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt
George Clooney’s stunning Lake Como villa in northern Italy may have netted a buyer. “An agency in Milan is following the sale, I can’t reveal which one. Since we have a certain type of clientele, someone has already called us,” real estate agent Yasemin Baysal, owner of Engel & Volkers Lago di Como, told the Italian publication Oggi last
From actual royalty to Hollywood royalty. Prince Harry and Meghan Markle took center stage at the star-studded One805 Live! charity event in Santa Barbara on Friday. The couple — who have just returned from the Invictus Games in Germany — appeared in their element as they hobnobbed with fellow guests Oprah Winfrey and Ellen Degeneres
We are buying 50 shares of Stanley Black & Decker (SWK) at roughly $83.75 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 625 shares of SWK, increasing its weighting in the portfolio to 1.87% from 1.72%. It’s been a painful stretch for stocks lately, and there’s a ton of doom and gloom out
These locals have had it with leaf-peeping pests. Residents of Pomfret, Vermont’s Cloudland Road have taken a stand against the annual fever pitch of fall foliage tourists by temporarily closing the most impacted road during the season’s peak. In recent years, the tiny town’s stunning autumnal display has become a social media sensation, and as
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were
Legendary rocker Steve Miller toured an extravagant Gilded Age mansion on the Upper West Side, decorated with gargoyles and cherubs on its landmarked facade, sources tell Gimme Shelter exclusively. The 37½-foot-wide mansion at 3 Riverside Drive is currently on the market for $12.99 million — an extreme slash from its original $40 million ask in
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Twenty/20 Girls and young women want to be homeowners by the time they’re 30 — a higher priority even than getting married or earning a lot of money. About half, 52%, of young women ages 7 to 21 want a house by 30, the most
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not signal an end to its aggressive rate hike campaign. For households, that offers little relief from 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%
New York City is about to dazzle even brighter with the arrival of internationally acclaimed artist Bruce Munro and his spectacular public art installation, “Field of Light at Freedom Plaza.” Munro, renowned for his mesmerizing light-based artworks, is set to transform Manhattan’s East Side into a luminous wonderland, courtesy of the Soloviev Foundation. Get excited,
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense. Applications to refinance a home loan jumped 13% last week
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