Hong Kong’s service sector will be the part of economy that sees “the biggest rebound” as borders reopen, UBP told CNBC’s “Squawk Box Asia” on Thursday. However, it warned that the sector is coming “from a very fragile situation,” given its contraction in every quarter of 2022. “We can’t exclude the possibility of further insolvencies
Two developers in California are looking to lure a buyer willing to do something no other buyer has ever done before in Los Angeles history – pay between $50 million and a $100 million for a condo. A deal anywhere near those asking prices would shatter a record in the City of Angels, where no
“Pineapple Express” star Seth Rogen is organizing a sleepover with an elevated itinerary. As part of a promotion for his cannabis and homewares company, Houseplant, Rogen is inviting fans to stay over at a California property stocked with a variety of the company’s wares. Rogen, 40, will be present for all three of the one-night
The Federal Reserve raised the target federal funds rate for the eighth time in a row on Wednesday, in its continued effort to tame persistent inflation. At its latest meeting, the central bank approved a more modest 0.25 percentage point increase after recent signs that inflationary pressures have started to cool. “The easing of inflation pressures
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged last week, despite another drop in interest rates. Total mortgage application volume fell 9% last week compared with the previous week, according
Westend61 When homeowners look for ways to fund home improvement projects or other expenses, sometimes a home equity line of credit emerges as an option. HELOCs, as they’re called, let you borrow money against a portion of your home’s equity — the difference between your mortgage balance and the house’s appraised value — up to
Patrick Mahomes is already heading into his third Super Bowl in the last four years. And if that isn’t any indication of what a winner is, then look no further than the real estate portfolio he has amassed in a span of a few years. Currently worth a combined $8 million, the 27-year-old Kansas City
Former US President Donald Trump addresses the crowd during a 2024 election campaign event in Columbia, South Carolina, on January 28, 2023. Logan Cyrus | AFP | Getty Images The New York attorney general’s office on Tuesday said it will ask a judge to impose sanctions on former President Donald Trump and his attorneys in
Love her or hate her, Julia Fox apparently wants to keep it real. The 32-year-old “Uncut Gems” star and fashion designer defended living in her recently revealed “tiny” mice-infested New York City apartment after a fan referenced her rumored net worth of $30 million. “I really wasn’t expecting my apartment tour to go so viral,
The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared with earlier super-size moves in 2022. Still, any boost in the benchmark rate means borrowers
A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings. Bloomberg | Bloomberg | Getty Images LONDON — In trying times for the U.K. real estate market, a growing number of Londoners are opting for novel means of buying
Casa Lever, part of thriving Sant Ambroeus Hospitality Group, renewed its lease long-term at Lever House, the landmarked office tower at 390 Park Ave. The news was cheered by Casa Lever regulars who were horrified when the Milanese-inspired eatery closed in December. But the shutdown was only to prepare for a planned, early summer reopening following
The property where actress Sharon Tate was killed — and where screenwriter Jeff Franklin has long lived — is now available at a steep discount. The opulent Beverly Hills abode, known as “The Cielo Estate,” first listed last January for an eye-watering $85 million. After a year on the market, the price tag remains jaw-dropping,
Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate brokerage HouseCanary. At the end of 2022, the
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