âNobody knows the ultimate value of this underlying asset,” Edward Stringham, president of the American Institute for Economic Research, a Massachusetts-based research group, said on Bloomberg Television. “We cannot predict whether it's going to be zero or one million dollars or anything in
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Days after surviving an impeachment vote, Peruvian President Pedro Pablo Kuczynski is once again under attack, this time for freeing former President Alberto Fujimori. Pedro Pablo Kuczynski. Photographer: Guillermo Gutierrez/Bloomberg. Kuczynski pardoned Fujimori on Dec. 24 for health reasons,
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Rumors that Home Depot (HD) might acquire XPO Logistics (XPO) didn't have much impact on HD stock. However, XPO stock rose 14.4% to $90.01 on December 22, 2017. At that price, XPO's market capitalization stands at $10.8 billion, while Home Depot's market capitalization is at $219.7 billion.
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Smith, the seventh overall pick in this year's amateur baseball draft, paid off their mortgage with some of the proceeds from a $5 million bonus he earned by signing with Arizona in June. But instead of sliding a receipt into a Hallmark card to let them know, Smith wrote them a heartfelt letter, which he
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Send commercial real estate transactions to transactions@busjrnl.com. A compilation for the last 12 months is available for $45 by calling 707-521-5270. Brokerage abbreviations: CBCBV = Coldwell Banker Commercial Brokers of the Valley; K&C = Keegan & Coppin Co. Inc./Oncor International; NKF
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Tyler Cowen at tcowen2@bloomberg.net. To contact the editor responsible for this story: Philip Gray at philipgray@bloomberg.net. Before it's here, it's on the
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Analysts lowered iPhone X shipment projections for the first quarter of next year, citing signs of lackluster demand at the end of the holiday shopping season, and the company's shares fell Tuesday along with those of some suppliers. Customers view the Apple Inc. iPhone X smartphone in San Francisco.
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WASHINGTON, Dec. 26, 2017 /PRNewswire/ — Mortgage lenders again reported a negative profit margin outlook for the next three months, citing competition as the primary reason and continuing a quarterly trend beginning the same time last year, according to Fannie Mae's Q4 2017 Mortgage Lender
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In the years that followed, consumer lending contracted sharply for all but super-prime customers. Bank-based SMB lending contracted even more sharply, and still hasn't recovered to pre-2007 levels. However, like nature, financial services ecosystems abhor a vacuum, and consumers and SMBs didn't
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Saudi Arabia expects oil revenue to jump about 80 percent by 2023 to help the kingdom record its first budget surplus in a decade, according to people with knowledge of the matter. Under a six-year program to balance the budget, officials predict rising oil prices and output will push income from oil
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Mallinckrodt Plc agreed to buy Sucampo Pharmaceuticals Inc. for about $1.2 billion in cash to add a treatment for constipation and experimental medicines targeting rare diseases. Mallinckrodt will begin a tender offer at $18 a share, the companies said in a statement Tuesday. Bloomberg News reported
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But the sales growth hasn't compelled more people to list their homes for sale, as the number of properties on the market has tumbled nearly 10 percent in the past 12 months. Mortgage giant Freddie Mac said last week that the rate on 30-year fixed-rate mortgages averaged 3.94 percent, down from 4.30
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The U.S. president, who turned out to be more vile and duplicitous than they even had imagined, may or may not be indicted within a year's time. Meantime, the U.S. Congress is run by conservatives who, spurred by the greed of their donors and the fears of their base, are growing ever more comfortable
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JUPITER, Fla. – A former Palm Beach Gardens baseball star and first round draft pick of the Arizona Diamondbacks gave his parents a special gift for Christmas. Palm Beach Gardens Community High School graduate Pavin Smith tweeted a video Monday that showed the emotional moment his parents
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Global Financial Technology Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Financial Technology Market revenue and price, market share, market growth and gross
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Kwanzaa is and has always been a time for reflection, growth, and planning for the future, through the lens of seven principles. For us, reflection is the process of using the past as a vehicle to learn. Analyzing our past gives us a sharper clarity on our position in the present. Recognizing struggles and
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The existing home market comprises a significantly larger proportion of the total residential real estate market than does new housing. As the … In the hot West market, where new home sales rose by a sizzling 31.1% in November, existing home sales edged lower by 2.3% in November. This latest bit of
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Slim pickings in the housing market mean Orange County house hunters have a week less time to find a home to buy or risk getting it snapped up by others. That's one highlight of the latest ReportsOnHousing report tracking local trends in listing, buying and selling including the estimated time it takes
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Bill Gates, Warren Buffett, and Jeff Bezos are the three richest people in the world. Yet their combined fortunes couldn't afford Mary Horomanski's electric bill. Earlier this month, the Erie, Pa. resident signed on to the website of her electricity provider, Penelec, and was shocked to find that she owed the
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Mortgage loans originated in the third quarter of 2017 were slightly riskier than new loans made in the same period last year. The data were released Tuesday morning by property information and research firm CoreLogic in the company's quarterly report dedicated to its Housing Credit Index (HCI).
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