Manhattan, New York, is well-known for its exorbitantly high real estate prices. The median price per square foot in Manhattan is a staggering $1,500, making it one of the most expensive places to live globally. The cost of purchasing a modest 500-square-foot condo in New York City can reach up to $750,000, as reported by
App
Investing trends among ultra-high-net-worth individuals are constantly shifting, as evidenced by Tiger 21’s asset allocation report. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in Nvidia, despite its status as a chip darling in the AI space. With over $165 billion in personal assets collectively, these members have opted to
The North Texas Tollway Authority is embarking on a significant bond sale worth $1.126 billion, with the aim of seeking savings through bond refundings and tenders. This huge deal is set to be executed in two series, with $446.14 million of first tier revenue bonds designated to fund a tender offer for taxable bonds sold
Amidst expectations of interest rate cuts by the Federal Reserve in September, dividend-paying stocks are gaining attention as potential outperformers. This is especially true as the dividend yields from such stocks are poised to become more attractive compared to other income-generating assets like bonds. With a plethora of companies offering dividends, choosing the right stocks
The year 2024 has seen a surge in restaurant bankruptcies, reflecting the broader increase in corporate bankruptcies across various sectors. While the world continues to grapple with the aftermath of the COVID-19 pandemic, the restaurant industry has faced significant challenges. Diners have been more cautious with their spending, labor costs have continued to rise, and
The recent tumble of PDD’s stock price by nearly 30% due to disappointing quarterly results highlights a significant slowdown in China’s consumer market. This decline serves as a stark reminder that the era of double-digit growth in Chinese consumer spending may be coming to an end. While PDD’s revenue and profit showed impressive growth, the
The cryptocurrency market has been facing bearish sentiment throughout the past week, with the total market cap dipping by 0.39% to $2.04 trillion. Bitcoin (BTC), the largest crypto in terms of market capitalization, has been struggling to gain momentum. Currently trading at $58,420, BTC has only seen a minor 0.77% increase in the last 24
Peaq, a blockchain platform focused on decentralized infrastructure networks (DePIN), has announced the upcoming launch of its layer-1 blockchain between September 22 and September 30. This new blockchain, secured by Polkadot, is poised to revolutionize the way decentralized applications operate and interact within the blockchain ecosystem. Integration with Major Blockchain Networks In addition to its
As August comes to a close, it’s worth reflecting on the performance of the Dow Jones Industrial Average throughout the month. August has been a month of volatility for the stock market, with various events causing fluctuations in stock prices. One significant event was the release of lackluster jobs data for July, which initially sparked
The US dollar is currently facing the heat of numerous factors that are contributing to its downward trajectory. According to analysts at UBS, the outlook for the greenback remains bearish due to a combination of narrowing interest rate differentials, concerns regarding the US fiscal deficit, and shifting global monetary policies. This has led UBS to