Month: December 2018

The biggest problem for the global economy in 2019 won’t be the trade war between America and China. It will be massive business failures. Perhaps bank failures, too. The US-China trade war was the big problem in 2018, raising fears of de-globalization and the descent of the global economy into a collection of highly protected national markets. But financial
0 Comments
Founder & CEO of Compass, Robert ReffkinCompass Compass, founded in 2012, the country’s fastest-growing luxury real estate technology brokerage company is quickly dominating the luxury turf in 80 cities around the country. Today Compass has 165 offices with 7000 agents in 13 states and over 1,000 employees. Compass’ business model–“a national network of local experts,”
0 Comments
U.S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal. That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments,
0 Comments
Sea wreck on Long Island, Bahamas. (Photo by DeAgostini/Getty Images)Getty Star Resort Group Inc. announced plans to build Port St. George Resort, The Bahamas’ first ever eco-engineered luxury waterfront destination. The 882-acre mixed-used tourist development will span coast to coast on Long Island, often described as the most beautiful Bahamian island. Port St. George harbor
0 Comments
Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
0 Comments
Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to buy the retailer and keep it alive. Lampert’s hedge fund, ESL Investments, put forward the tentative proposal for the parent of Kmart and Sears earlier this month, with his formal submission
0 Comments
Located in Miami Beach, Faena House was designed by Foster + Partners. (Jeffrey Greenberg/UIG via Getty Images)Getty With their California estate rescued from recent wildfires, Kim Kardashian and Kanye West are now setting the real estate rumor mill on fire. Faena House is nicknamed “the billionaire bunker” because of billionaire residents Lloyd Blankfein, Ken Griffin and
0 Comments
Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS’ Art Cashin told CNBC on Friday. “I think we lost maybe a couple of thousand points that we didn’t need to because of the disruptions that we saw,” including the ongoing government shutdown and President Donald Trump’s attacks
0 Comments
The past two weeks on Wall Street have been wild, and not in a good way. During that time, the major U.S. stock indexes have suffered losses that put them on track for their worst December performance since the Great Depression. Investors have also been gripped by volatile swings in the market as they grapple
0 Comments