Why Facebook Suddenly Shed $35 Billion in Value

Why Facebook Suddenly Shed $35 Billion in Value

Facebook has lost $35 billion in market value following reports that Cambridge Analytica, a data firm that worked with President Donald Trump in the 2016 elections, had unauthorized access to 50 million Facebook user accounts in one of its largest breaches yet. On Monday, shares of Facebook shed
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How Jared Kushner's Real Estate Company Filed False Documents to Boost Its Profit

Jared Kushner's real estate company filed false paperwork with New York City that allowed it to profit by pushing residents out of rent-controlled apartments and bringing in higher-paying tenants. Kushner Companies, owned by President Trump's son-in-law and senior adviser, routinely falsified
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Fannie Mae forecasts stronger originations as refinances increase

A stronger than expected refinance market led Fannie Mae to increase its origination projections for the first quarter by nearly 4% in its March outlook. But the government-sponsored enterprise cut its volume estimates for the remaining three quarters of the year. Fannie is now forecasting $384 billion in
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RBS works up plans for standalone digital bank

Taxpayer-controlled RBS is working on plans to launch a standalone digital bank to compete with a surge in online competitors. The project is being overseen by the lender's former chief operating officer Mark Bailie, as first reported by Sky News. The big banks fear more customers will move to start-ups
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Huge data center campus on the way in Richardson

A new data center in the works in Richardson will be one of the largest in North Texas. EdgeCore Internet Real Estate plans to build the 900,000-square-foot tech campus on more than 33 acres on Shiloh Road at Bush Turnpike. The two office and data center buildings in the project will each have
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Former Tronc Chairman and Investor Michael Ferro Accused of Inappropriate Advances by Two …

Today Ferro's spokesman provided this statement to Fortune: “Over more than 20 years of leading public companies and other enterprises, Michael Ferro has never had a claim filed against him nor a settlement made on his behalf. Your on-the-record allegations appear to involve private conduct with
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NZ's housing market makes it easy to launder money, says expert

He told Mike Hosking one example is a strong real estate market, where foreign buyers can easily invest. “For example, if you happened to be a methamphetamine dealer and you had a few million from that crime then purchasing real estate is a fantastic way of laundering those proceeds.” Authorities
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Bp Plc Has $21.36 Million Stake in Honeywell International Inc. (HON)

Bp Plc increased its position in Honeywell International Inc. (NYSE:HON) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,000 shares of the conglomerate's stock after buying an additional
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Reversal of fortune for richest HK woman

Hong Kong's richest woman Pollyanna Chu saw her fortune slashed by more than half in just three months as her company's share price tumbled following regulators' warnings about her firm, Kingston Financial Group. Yesterday, her locally-listed firm's share price fell by as much as 12 percent after
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UNC Real Estate Conference to Feature Sam Zell of Equity Group Investments

Hosted by the Leonard W. Wood Center for Real Estate Studies, the conference is a unique opportunity for students, faculty, alumni and other real estate professionals to connect while gaining insight into upcoming market trends from leading experts in the industry. Sam Zell, chairman of Equity Group
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Surging home prices 'effectively curbed'

China's surging home prices have been effectively curbed and the country will beef up efforts to maintain the stable development of the domestic housing … During the past year, the overall situation of China's real estate market has been stable, thanks partly to regulations that have been tailored to local
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Facebook and Newell Brands skid while Orbotech climbs

The social media company faced new criticism after reports a data mining firm working for the Trump campaign improperly obtained and then kept data on tens of millions of … The title insurance and real estate services company said it will be bought by Fidelity National Financial for about $1.2 billion.
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Apollo Commercial Real Estate (ARI) Facts and Figures

For the long-term approach of trading or also can for short period of time, 200 days MA can also help to get idea about trading, PHM has 1.97% which indicates Bullish trends and this can also make isolating trends easier. Maple Leaf Foods Inc. Apollo Commercial Real Estate Finance had 14 analyst
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Technology and real estate must blend together, mega mall owner says

Technology and real estate must blend together better today in order to support an evolving retail market, according to one megamall owner. “Consumers today expect to be very, very well serviced — with technology,” Westfield co-CEO Steven Lowy told CNBC in an interview at the ShopTalk conference
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A new state mortgage program requires no down payment

Income-eligible buyers using a MassHousing mortgage to purchase their first home will be able to finance 100 percent of the cost. They will also have to meet hurdles including a minimum credit score, homeownership class and household income that matches or is below their area's median income.
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Policy Adviser (Mortgage Policy)

Policy Adviser (Mortgage Policy) in Experienced (non manager), Finance & accounting with Jessica Reynolds. Apply Today.
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Best ETF Plays if Fed Raises Rates Wednesday

Consequently, income-minded investors may still find attractive opportunities to generate extra yields in investments like real estate investment trusts and related exchange traded funds. “Given that yields remain below historical averages and will continue to be so for the foreseeable future, investors will
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Baxter International Inc (BAX) Position Cut by Glenmede Trust Co. NA

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robecosam AG bought a new position in Baxter International in the 4th quarter valued at about $103,000. Family Capital Trust Co bought a new position in Baxter International in the 4th quarter
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Should China Lending Corporation's (NASDAQ:CLDC) Recent Earnings Decline Worry You?

Today I will examine China Lending Corporation's (NASDAQ:CLDC) latest earnings update (30 September 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of CLDC's industry performed. As a long-term investor, I find it useful to analyze
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Housing inventory relief could be coming soon

After analyzing February's housing starts data, First American Financial Corp. found the housing inventory shortage could soon see relief. First American Chief Economist Mark Fleming pointed out February's employment report showed a boost of nearly 7,000 residential construction jobs from January to
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