Finance

Attorney General Lynch: Dallas shootings ‘an unfathomable tragedy’

Attorney General Loretta Lynch on Friday called the attack in Dallas an “unfathomable tragedy.” “This has been a week of profound grief and heartbreaking loss,” Lynch said. Her comments come after at least one attacker shot 12 police officers, five fatally, during a Thursday night protest over deadly police shootings of black men elsewhere. The attorney general said she was ... Read More »

There’s,a,little-known,EU,rule,that,may,stop,the,Brexit,banking,exodus

The U.K.’s decision to leave the EU last month has ignited fears of an exodus of banking talent from the City of London, but a little-known set of rules is being drafted that could well bypass post-Brexit barriers and allow access to the privileges the country had before. Implementation of the so-called Markets in Financial Instruments Directive II (MIFID II) ... Read More »

How the UK’s exit benefits US REITs

They are considered safe, and they offer yield. No wonder the stocks of real estate investment trusts ran in the opposite direction of the Brexit-bashed U.S. stock market Friday. Last fall, interest in REITs had begun to wane, as expectations of higher interest rates outweighed solid fundamentals in the real estate market. Now REITs, and the real estate underlying them, ... Read More »

Weaker pound may spur UK luxury real estate after referendum

The U.K.’s housing market is seen taking a knock in the wake of the Brexit vote, but the forecast depreciation in sterling may spur investment in luxury and commercial real estate, say realtors. S&P Global Ratings forecast on Monday that U.K. house prices would fall by a mid-to-high single-digit percentage over the next year, with a decline in consumer confidence, ... Read More »

This private equity giant wants to give landlords millions — here’s how

Brian Russo has been a real estate investor in Florida for two decades. During the housing crisis, he bought dozens of distressed homes, which he turned into rentals. He paid cash for all of them. In today’s market, cash is still king among investors because loans on investment properties are extremely expensive. Interest rates can be in the double digits, ... Read More »

Gold’s run is achieved — appearance out for a $three hundred drop: Wells Fargo strategist

Gold is probable to move lower back to its lows, even after starting the year off with a bang, consistent withWells Fargo’s head of actual asset strategy, John LaForge. His argument hinges on commodities tendencies that date again all of the way to 1800 and display what he calls “commodity undergo amazing cycles,” every of which lasts about twenty years. ... Read More »

The standoff over the transgender ‘lavatory invoice’ is costing tens of millions

The financial energy of the LGBT rights motion is set to be put to the check within the standoff over a so-called “toilet invoice” in North Carolina. LGBT advocates are renewing their requires boycotts after North Carolina legislators adjourned past dueFriday with out making great adjustments to the regulation, which calls for transgender human beings to apply public toilets and ... Read More »

Pershing Square Capital lays off eight personnel: Dow Jones

Pershing Square Capital Control is shedding 8 decrease–level employees, largely from lower back–officeroles in technology and investor offerings, resources told Dow Jones. Invoice Ackman, who runs the hedge fund, informed his staff this week that the cuts had not anything to do with the fund’s slumping overall performance, in line with the document. Alternatively, he attributed thechanges to improvements in ... Read More »

Amazon is making it even less complicated to buy stuff on Top with just your voice

Diagram showing Amazon “Alexa” generation on an Echo device Source: Amazon Diagram showing Amazon “Alexa” technology on an Echo device Amazon is shifting toward a global in which shopping on-line is as simple as uttering a word. Nowadays, the organization announced that individuals of its Top service can now order “tens of millions” of items with Alexa, Amazon’s voice-controlled assistant. ... Read More »

AG Lynch says she will be able to receive prosecutor name on Clinton e-mail case

Legal professional Popular Loretta Lynch stated Friday that she expects to simply accept whateverrecommendation profession prosecutors make inside the investigation of Hillary Clinton’s coping with of emails. Lynch made the clarification of the investigative system in the course of a previously planned publicdiscussion in Colorado. This revelation comes amid a problem surrounding a private discussion that Lynch had aboard her ... Read More »