This year’s mayoral election is one of the most significant in New York City’s long history. It’s also one of the strangest. A generational pandemic, a rare midsummer primary, an open seat, crime and financial strife plus a new wild card, ranked-choice voting, are all at play. Brooklyn Borough President Eric Adams faces heightened scrutiny
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The Internal Revenue Service has told the city of Winchester, Virginia it closed an audit of $28.6 million in 2012 general obligation refunding bonds without taking any adverse action. Winchester announced the decision Thursday in a public notice on the EMMA database of the Municipal Securities Rulemaking Board. “By letter dated June 1, 2021, the
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High-quality automated shading slashes lighting energy use, while at the same time enhancing occupant comfort. Modern LED lighting with advanced controls also greatly cuts lighting energy use, and offers superior results. These are among key findings of research undertaken by the Portland, Ore.-based New Buildings Institute (NBI). The insights should provide commercial real estate owners
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Israel’s ruling Likud party has committed to a peaceful transfer of power after its leader Benjamin Netanyahu’s repeated allegations of electoral fraud prompted the security services to warn of the risk of political violence. The Israeli prime minister’s 12-year grip on power is expected to end on Sunday. This is when 61 members of the
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The forex markets can be exciting and lucrative for trading if you thoroughly understand how to buy and sell currencies. If you’re drawn to this area, you might even want to make it your career. Key Takeaways The foreign exchange (forex) market is the world’s largest asset marketplace by trading volume and liquidity, open 24/7
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Take a look at some of the biggest movers in the premarket: Snowflake (SNOW) – Snowflake shares fell 3.7% in premarket trading, following the cloud computing company’s presentation of financial targets at its Investor Day meeting. Snowflake set a target of reaching $10 billion in annual product revenue by 2029, compared to $554 million in
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A National Association of Realtors “30 Under 30” agent, serving the Del Mar/San Diego luxury residential market with Anderson Coastal Group. In today’s hyper-competitive marketplace, sellers are calling the shots, buyers are doing anything they can to win in multiple-offer scenarios and, as a result, escrows are particularly emotional. When buyers offer hundreds of thousands of
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Private equity is capital or ownership shares not publicly traded or listed on an exchange. Private equity is often an investment in or buyout of a large public company that is then taken private. Investors raise capital to invest in private companies for mergers and acquisitions, to inject funds to stabilize the balance sheet, or to pursue new projects
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The private capital industry has grown to more than $7tn thanks to demand for higher-returning but pricey and opaque strategies, spurring the likes of Schroders and JPMorgan to launch new divisions and sending others on the prowl for acquisitions.  Although still dwarfed by the traditional asset management industry — which primarily invests in mainstream, public
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Li Ka-shing’s real estate flagship company is said to be mulling a sale of UBS AG’s London headquarters, according to a Bloomberg report on Thursday. CK Asset Holdings is reportedly in discussions with several buyers for 5 Broadgate, a Grade A office building adjacent to the Liverpool Street train and subway station. The company acquired
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Many retail investors shun the bond market because it does not offer the same level of potential upside as the stock market. While the bond market is different from the stock market, it should not be ignored. It is comparable in size to the stock market and has enormous depth. Triumph Of The Optimists: 101
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What Is the Secretary of Commerce? The United States Department of Commerce (DOC) is one of the cabinet-level agencies of the executive branch of the United States federal government. The mission of the department is to create conditions for economic growth and opportunity. As of January 31, 2018, the department employs 46,608 employees located in
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IFRS vs. GAAP: An Overview Systems of accounting, or accounting standards, are guidelines and regulations issued by governing bodies. They dictate how a company records its finances, how it presents its financial statements, and how it accounts for things such as inventories, depreciation, and amortization. How a company reports these figures will have a large
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Arguments about money hamper many marriages. When you consider that about a third of adults with partners report that money is a big source of conflict in their relationships, it’s no wonder that financial problems are a leading cause of divorce. What you may not know is that the challenges can actually start even before
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The role served by a prime brokerage is that of facilitating large, active trading operations such as hedge funds. A prime broker can be thought of as a sort of central broker, facilitating and coordinating extensive, complex trading in a variety of financial instruments. Prime brokerage services are provided to institutional clients by major investment
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Didi Chuxing, the Chinese ride-hailing company, unveiled filings for a public share offering in the US, disclosing the financial damage of the pandemic to its business last year and the strength of its rebound — and setting the stage for one of the largest international listings of 2021. Didi operates the dominant ride-hailing app in
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Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll is now allowing participants to allocate up to 5% of their retirement funds into cryptocurrency.  The offering includes 50 different crypto assets including bitcoin, which
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