An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. Bloomberg | Bloomberg | Getty Images Shares of embattled Chinese property giant Evergrande surged Tuesday after it resumed trading in Hong Kong. The stock rose 20.31% after briefly touching 46 Hong Kong cents shortly after the open. Shares have been
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Dianne Feinstein was one of the Senate’s richest members throughout her trailblazing career — thanks to her billionaire husband. While others in Congress struggled to make ends meet, sleeping in their offices to save on rent, Feinstein commuted from San Francisco aboard a Gulfstream G650 jet (pre-owned, the aircraft averages $61,815,000), sported expensive jewelry and flitted
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China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A day after China Evergrande’s shares were suspended in Hong Kong, the beleaguered Chinese property firm revealed that its director and executive chairman is under scrutiny over suspected crimes.
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Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according to financial services company Jeffries, who reported that vacancies in the capital’s business hub had hit a 30-year high.  Jeffries analysts estimated there had been
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Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. This is not the first time that Evergrande’s shares have been suspended. Trading was
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Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines. Club names Wells Fargo (WFC) and Morgan Stanley (MS) have bright spots in their operations that can offset potential weakness from CRE exposure. We’re optimistic about green shoots
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While it’s not confirmed this historic abode includes undead residents, the likelihood is high.  In Millbury, Massachusetts, this funeral parlor is up for sale and being advertised with refreshing realness.  “Probably Haunted” reads the dryly honest lawn sign at 56 Main St. above the more typical “For Sale” and brokerage info markers.  Media Realty agent
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