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Real Estate

Real Estate: “America’s Priciest Listing Sells at Foreclosure Auction”

“Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as the Mountain has sold at a foreclosure auction to its lender for just $100,000.” https://www.wsj.com/articles/americas-priciest-listing-sells-at-foreclosure-auction-11566326719 This is a prime example of how the wealthy make… Continue Reading…

Economy

“Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion”

“For the first time in the history of the United States, the federal government has spent more than $3 trillion in the first eight months of the fiscal year, according to the Monthly Treasury Statement released today. The record $3,013,541,000,000 that… Continue Reading…

Business

“Fiat Chrysler and Renault pursue $35 billion merger…”

“Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker… Shares in both companies jumped more than 10 percent as investors… Continue Reading…

Economy, Personal Finance

“Tax refunds so far this year are down by $6 billion from 2018”

“Individual tax refunds this year have been only slightly smaller than last year, but those shortfalls are adding up. At the end of last month, the amount of money the government refunded was $6 billion below this time last year,… Continue Reading…

Business

“Uber is buying its Middle East rival Careem for $3.1 billion”

“Uber is buying the biggest ride-hailing app in the Middle East. In the biggest tech deal the region has ever seen, Uber is paying $3.1 billion for Careem with a mixture of cash and securities that will convert into Uber… Continue Reading…

Business

IBM Makes Biggest acquisition In Software History

“… IBM said it would buy cloud computing firm Red Hat for $34 billion — the largest software deal in history. Red Hat, which facilitates the movement of data across various cloud platforms, is an industry leader. Dimitris Mavrakis, research… Continue Reading…