Topline The Trump Organization finalized a $375 million deal Wednesday to sell its lease of the Trump International Hotel in Washington, D.C., according to multiple reports, after the building served as a destination for both Trump supporters and anti-Trump protesters—and netted the former president millions of dollars in revenue from visiting officials, Democrats claim. Key
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In this article CWK The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters Commercial real-estate services giant Cushman & Wakefield on Wednesday appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office
Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss the future of chip maker Ambarella, Inc. (AMBA). Shares have plunged 35% from its all time highs earlier this summer on fears that the company may be a one-trick pony with GoPro (GPRO) as its most prominent customer. A rare earnings miss and
The bipartisan infrastructure law lacks big-ticket funds for high-speed rail, but the Biden Administration still hopes to see the technology developed in certain areas, Transportation Secretary Pete Buttigieg told lawmakers Tuesday. The comments came during Buttigieg’s testimony at a U.S. House appropriations panel hearing on the Department of Transportation’s FY23 budget, where Buttigieg faced questions
US consumer price growth remained at a four-decade high in April, despite the first moderation in the annual pace in eight months, underscoring the urgency of the Federal Reserve’s push to stamp out inflation. The consumer price index rose at an annual pace of 8.3 per cent last month, a step down from the 8.5
The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply chain management.. The Foundation’s May 10 financial report for Q1 2022 outlines its balance
Municipal triple-A yield curves were steady Tuesday while the focus was on the primary, which kicked into gear with several large new issues out of New York, Oregon and Wisconsin pricing. U.S. Treasuries ended a bit better while munis were little changed on the day and the moves pushed muni to UST ratios higher. Ratios
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
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a
Ethereum’s native token Ether (ETH) has grown stronger against its rival for the top position — Bitcoin (BTC) — despite an ongoing crypto market rout. But can the ETH/BTC pair continue to rally in the coming months? Let’s look at the charts. Ethereum pares YTD losses vs. Bitcoin ETH/BTC gained 5.5% between the May 9 low
Brazey-en-Plaine is a village in eastern France’s Côte-d’Or department in the Bourgone-Franche-Comte region. Côte-d’Or takes its name from the escarpment that is the site of the famed Burgundy vineyards; hence, it is called as the “golden slope.” Besides a reputation as a wine-growing region, the area is known for its grains and potatoes, sheep and
A home is offered for sale in Chicago, Illinois. Scott Olson | Getty Images One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in
The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to $29,730. Market downturns typically translate to heavier losses in altcoins due to a variety of factors,
Texas voters approved record bond packages for San Antonio and Fort Worth on Saturday, while a few school districts with large debt proposals stumbled, particularly with projects unrelated to academics, according to unofficial election results. Cities and school districts across Texas piled a record $18.5 billion of bonds on ballots for the spring election as
The UK government’s move to delay post-Brexit checks on imports of EU food products is an “accident waiting to happen”, farming, veterinary and meat industry groups have warned. They sounded the alarm after industry insiders revealed the UK Food Standards Agency had recently warned pig farmers of illegal “white van” shipments of pork meat coming
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets amid rising risks from the war in Ukraine, monetary tightening and high inflation in a semi-annual report published Monday. “According to some measures, market liquidity has declined since late 2021 in the markets for recently-issued U.S. cash Treasury securities and for equity index
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in a double whammy of regulatory crackdown and tough market environment. “We are reducing our involvement
U.S. stock futures were higher on Monday night after the S&P 500 fell to its lowest point in more than a year. Dow Jones Industrial Average futures rose by 105 points, or 0.4%. S&P 500 and Nasdaq 100 futures climbed 0.4% and 0.4%, respectively. Shares of AMC and Novavax made major moves after hours on
According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) became the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor’s (1860–1949) painting, “Carnaval de Binche.“ Investors can obtain fractional ownership of the work starting from 150 euros (or about $158). The venture is
The luxury real estate market in Hong Kong is exhibiting signs of recovery following weeks of stagnation as a result of another wave of the COVID-19 pandemic. During the first quarter of 2022, Hong Kong was fighting its fifth wave of the pandemic. As restrictions ease, real estate agents are optimistic that the high-end market