Real estate

It's Official: Verizon To Acquire Yahoo Core Assets For $4.8 Billion

Almost a decade after Microsoft made an unsolicited bid to acquire Yahoo for $50 billion, moments ago Verizon confirmed recent rumors that it would acquire Yahoo operating business for approximately $4.83 billion in cash, far below initial estimates floated several months ago that the segment could sell for as much as $10 billion. So how much does Marissa Meyer collect for "creating value" at the company during her 5 year tenure? Somewhere around $300 million.

US Futures Unchanged As Europe Stocks Rise; Strong Dollar Pressures Oil

There has been little notable market moves overnight, with the record rally in the S&P500 set to continue and European stocks climbing as German IFO business confidence proved more resilient than economists predicted in the month after Britain voted to leave the European Union, falling less than expected from 108.7 to 108.3, above the 107.5 consensus, with expectations printing at 102.2 above the 101.2 expected. Bonds fell with gold as the dollar gained before central bank meetings in the U.S. and Japan this week.

Foreign Buyers Continue to Inflate Global Residential Real Estate Bubbles - This Will End Badly

We have frequently talked about the negative future consequences of hot international money chasing “safe” foreign real estate investments. As such, our interests were piqued to discover that the average price paid by Chinese investors in US residential real estate for 2016 continued its meteoric rise to $937k from $832k in 2015, a mere 20% CAGR since 2011 vs. only 4% for the U.S. market overall. They must see something the rest of us are missing.

A Collision-Course With Crisis: Making The Wrong Choices For The Wrong Reasons

Life is full of examples where folks make bad choices for noble reasons. Not every decision is a winner: sometimes you make the right call, sometimes you don't. That's completely understandable and defensible. Fate is fickle, and no one is 100% right 100% of the time. But what's much harder to condone is when people embrace the wrong decision even when they have ample evidence and comprehension that doing so runs counter to their welfare.

"If You Can't Touch It, You Don't Own It"

The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected. The lesson to take away here is that, if you can’t touch it, you don’t own it. Banks and fund management firms can freeze your wealth, so that you can’t access it. Governments and banks can confiscate your wealth. If you don’t have the power to put your hands on your wealth on demand, you don’t own it.

Its 2007 Deja Vu All Over Again: Goldman Is Raising $8 Billion LBO Fund

The last time Goldman raised an private-equity buyout fund was in 2007: at just over $20 billion, it was the second biggest private-equity fund ever. It also top-ticked the market. Nine years later, the WSJ reports that Goldman is finally preparing a much anticipated sequel, in the form of a corporate-buyout fund with assets between $5 and $8 billion.

Trump Sparks "Wave Of Alarm" Across Europe After Warning US May Not Help NATO Members

Having entertained America for the past three days, overnight Donald Trump's rhetoric crossed the Atlantic and as the FT puts it, "has sparked a wave of alarm across Europe" as well as calls for solidarity from the head of NATO after warning that the US might not come to the defence of an alliance ally under attack from Russia if that country had not fulfilled its obligations to America.

Trump 'Close Friend' Unleashes Economic Reality Check: America Is "Lost In The Black Hole Of Entitlement"

"Citizens everywhere are unhappy with their governments and angry with their leaders. They are no longer interested in a political rhetoric that they do not understand and that has no value in their lives. Monetary policy, trade policy technological disruption and the array of issues that make up globalization are simply a parade of unintelligible horribles to the average working class citizen."

RNC Day 2: Make America Work Again - Live Feed

Republicans will officially nominate Donald Trump for president on Tuesday, and as The Hill reports, "unity" will be a major theme as the party seeks to put forth Trump as its standard bearer a day after 'Never Trump' forces were all but vanquished. With the theme "Make America Work Again", a gaggle of speakers (from Paul Ryan to Tiffany Trump) is set to lay into the Obama administration’s handling of the economy.