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Foreign Home-Buying Plummets as Chinese Dollars Dwindle

FOREIGN HOME-BUYING PLUMMETS AS CHINESE DOLLARS DWINDLE

Amid declining economic gains globally in the past year, the amount of foreign investor money in the nation's real estate sank, with...

Morgan Stanley's wealth management arm is now the most profitable it's ever been. Wall Street is already questioning how long that can last

MORGAN STANLEY'S WEALTH MANAGEMENT ARM IS NOW THE MOST PROFITABLE IT'S EVER BEEN. WALL STREET IS ALREADY QUESTIONING HOW LONG THAT CAN LAST

Morgan Stanley said on Thursday that its wealth management division had a record pre-tax profit margin of 28.2% in the second quarter. The...

 
 
 
Here's the pitch deck that convinced investors to pour $6 million into a startup trying to take on Slack and Asana despite entering the market years late

HERE'S THE PITCH DECK THAT CONVINCED INVESTORS TO POUR $6 MILLION INTO A STARTUP TRYING TO TAKE ON SLACK AND ASANA DESPITE ENTERING THE MARKET YEARS LATE

Swit offers collaboration software that incorporates both messaging and task management. The app, which launched in March, is designed...

Iran to attract 2 million Chinese tourists with visa-free entry

IRAN TO ATTRACT 2 MILLION CHINESE TOURISTS WITH VISA-FREE ENTRY

Iran is waiving visas for Chinese visitors as early as the end of July in a bid to boost the economy, faltering under the weight of...

 
 
 
China's debt tops 300% of GDP, constituting 15% of all global debt - report

CHINA'S DEBT TOPS 300% OF GDP, CONSTITUTING 15% OF ALL GLOBAL DEBT - REPORT

A report from the Institute of International Finance has shown rising debt levels worldwide. The world's second-largest economy China's...

How a Hong Kong startup gets caught up in US-China trade war

HOW A HONG KONG STARTUP GETS CAUGHT UP IN US-CHINA TRADE WAR

Taylor Host has been operating his artificial intelligence startup out of Hong Kong for more than two years. The American entrepreneur...

 
 
 
Millennials say real estate investing is one of the best ways to build wealth, and you don't need a ton of time or money to start

MILLENNIALS SAY REAL ESTATE INVESTING IS ONE OF THE BEST WAYS TO BUILD WEALTH, AND YOU DON'T NEED A TON OF TIME OR MONEY TO START

A Bankrate survey found that real estate is millennials' favorite way to invest for the long term. Buying and managing a rental property...

Opendoor and Lime-backer Fifth Wall just raised $500 million in new funding to invest in real estate tech

OPENDOOR AND LIME-BACKER FIFTH WALL JUST RAISED $500 MILLION IN NEW FUNDING TO INVEST IN REAL ESTATE TECH

Fifth Wall Ventures, a proptech-focused venture capital firm, said on Wednesday it has raised $503 million for its second fund. "Proptech"...

 
 
 
This tech exec quit his job so he could invest in 'sexual wellness' startups and he says cannabis investors showed him how to do it

THIS TECH EXEC QUIT HIS JOB SO HE COULD INVEST IN 'SEXUAL WELLNESS' STARTUPS AND HE SAYS CANNABIS INVESTORS SHOWED HIM HOW TO DO IT

Former marketing executive Roi Carthy left corporate life to found Intimate Capital, an investment company focusing on "sexual wellness"...

Industrial Production Unchanged in June

INDUSTRIAL PRODUCTION UNCHANGED IN JUNE

From the Fed: Industrial Production and Capacity Utilization Industrial production was unchanged in June, as increases for both manufacturing...

 
 
 
Tesla updates, frozen fuel-economy fines, on-demand fast chargers: Today's Car News

TESLA UPDATES, FROZEN FUEL-ECONOMY FINES, ON-DEMAND FAST CHARGERS: TODAY'S CAR NEWS

Tesla trims down its Model S and X lineup, and CEO Elon Musk reveals when older cars could get the new full self-driving chip. The...

JPMORGAN: Investors are making a major error right now. Here are the trades that can help them right the ship and crush the 2nd half of 2019

JPMORGAN: INVESTORS ARE MAKING A MAJOR ERROR RIGHT NOW. HERE ARE THE TRADES THAT CAN HELP THEM RIGHT THE SHIP AND CRUSH THE 2ND HALF OF 2019

JPMorgan's John Normand says investors are making an critical mistake that could leave them misaligned as the US economy slows. Normand...

 
 
 
Trump administration freezes fines for fuel-economy violations

TRUMP ADMINISTRATION FREEZES FINES FOR FUEL-ECONOMY VIOLATIONS

The EPA hasn't yet released its final ruling on a proposal to freeze fuel economy standards. However, a different federal agency-NHTSA-has...

Retail Sales increased 0.4% in June

RETAIL SALES INCREASED 0.4% IN JUNE

On a monthly basis, retail sales increased 0.4 percent from May to June , and sales were up 3.4 percent from June 2018. From the Census...

 
 
 
We're measuring the US economy all wrong - Goldman Sachs blames Google and Snapchat for 'missing' $200 billion in GDP

WE'RE MEASURING THE US ECONOMY ALL WRONG - GOLDMAN SACHS BLAMES GOOGLE AND SNAPCHAT FOR 'MISSING' $200 BILLION IN GDP

Goldman Sachs says we may be measuring the economy all wrong, and that up to $233 billion has gone "missing." "The most likely explanation...

In a stark reversal, Citi's revved-up credit-card business helped it beat earnings - and it may be pivotal in proving Wall Street doubters wrong

IN A STARK REVERSAL, CITI'S REVVED-UP CREDIT-CARD BUSINESS HELPED IT BEAT EARNINGS - AND IT MAY BE PIVOTAL IN PROVING WALL STREET DOUBTERS WRONG

Citigroup beat earnings expectations for the second quarter, thanks largely to a stand-out performance from its credit-card business. Revenue...

 
 
 
Huawei to move 1,000 jobs from US to Italy, plus a $3 billion investment to boot

HUAWEI TO MOVE 1,000 JOBS FROM US TO ITALY, PLUS A $3 BILLION INVESTMENT TO BOOT

Chinese telecom giant Huawei has called on Rome to ensure the “transparent, efficient and fair” use of its ‘golden power' when it comes...

Amperity raises $50 million to unify disparate customer data

AMPERITY RAISES $50 MILLION TO UNIFY DISPARATE CUSTOMER DATA

Amperity, a startup developing an AI-powered customer data management solution, has raised $50 million in venture capital.

 
 
 
MCEC's massive expansion delivers $1.1 billion to the Victorian economy

MCEC'S MASSIVE EXPANSION DELIVERS $1.1 BILLION TO THE VICTORIAN ECONOMY

The massive expansion of the Melbourne Convention and Exhibition Centre has helped deliver $1.1 billion to the Victorian economy, attracting...

China's slowing economy still shows growth that any country would envy

CHINA'S SLOWING ECONOMY STILL SHOWS GROWTH THAT ANY COUNTRY WOULD ENVY

Beijing has released second quarter data showing the country's economy grew 6.2 percent from a year ago, the worst result in nearly...