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When his skyscraper proved a disappointment, Donald Trump defaulted on his loans, sued his bank, got much of the debt forgiven — and largely avoided paying taxes on it.
Corporate and financial leaders are hard to find in the president-elect’s efforts to prepare for office.
Russian businessmen who previously appeared independent are now compelled to serve the Kremlin abroad or lose their property in Russia.
From trade and sanctions to tax policy and financial regulation, the former Fed chair will be at the center of the new administration’s agenda.
Some hedge funds and private equity firms that lent money to property owners are now suing them for falling behind on interest payments.
"A sweatshop in America"
Despite former Vice President Biden and his surrogates’ attempts to distance their plans from the Trump administration, there is much more similarity than divergence.
Instead of taking a timeout on trade, the incoming Biden administration should begin by making trade a part of its overall strategy for national recovery and progress
In western Panama, the popular town of Boquete is fending off a pandemic slowdown by luring city-dwellers and retirees with its remote beauty and pleasant climate.
Sonia Rykiel gets ready for yet another reinvention.
It seems like SoftBank and the Mubadala Corp. aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology.…
Los Angeles County's most expensive home sales included six transactions north of $70 million and three sales of $100 million or more.
Operators have spent billions positioning themselves for a future with few or no department stores by reconfiguring their properties for other options, including housing, health care and logistics.
Trump has left much on the to-do list for Biden.
Treasury Secretary Steven Mnuchin said companies receiving loans over $2 million would be audited and warned of potential criminal liability.
“We see this as a once in a lifetime opportunity. We just hunt for deals,” said one of the company's co-founders.
Couple bought the property months before the former Beatle's 1980 assassination.
Having experienced hurricanes in Puerto Rico while growing up, here’s what one New York City-based Shopping writer recommends to keep on hand during hurricane season.
"I don't see any policy that helped us. We are losing our damn jobs here," said the head of a steelworker union.
Bond billionaire Bill Gross is involved in a legal battle with his tech entrepreneur neighbor over a $1 million sculpture and allegations that Gross blasted the "Gilligan's Island" theme song on a loop from his house.
With formal events and travel canceled, the tradition-bound tailors are gently embracing technology — and finding leverage on their landlords.
Facebook is buying a previously unused corporate headquarters from outdoor retailer REI, despite the social media company's plans to shift more of its employees to working from home.
President Trump has yet to concede and several other prominent Republicans aren't publicly throwing the towel either. But Corporate America's leaders, including Walmart CEO Doug McMillon, are preparing for a Joe Biden administration.
Chinese President Xi Jinping on Wednesday sent a congratulatory message to President-elect Joe Biden, more than two weeks after the Democratic candidate was projected the winner of the US presidential election.
President Donald Trump delivered his 2020 State of the Union address on Tuesday. Here's his speech as prepared for delivery and released by the White House.
Critical cyber attacks on both businesses and individuals have been grabbing headlines at an alarming rate. Cybersecurity has moved from a background risk for enterprises to a critical day-to-day threat to business operations, forcing executive teams to pour time and hundreds of billions in capital…
The housing market is red hot thanks to record-low mortgage rates and consumers looking to flee cities for the suburbs. But offices, shopping malls and other commercial real estate properties have been hit hard by the coronavirus pandemic.
Contrary to President Donald Trump's June claims, the coronavirus is not going away.
One of the world's largest asset management companies is pulling out of Hong Kong and making Shanghai its main office for business in Asia.
Boosters of growing ties with the mainland see greater business potential. But as the delayed Ant Group I.P.O. shows, peril comes with that promise.
A developer converting a Brutalist office building in New Haven, Conn., into a hotel with net-zero energy standards hopes it will be a model for the industry.
Two major projects at the original Port of Los Angeles are moving ahead despite the pandemic. It's part of a dramatic reshaping of the waterfront.
Last week we asked you to tell us what you most mourn about the big screen experience, as chains across the UK announce plans to close. Here’s what you had to say
These mortgages contributed to the last banking crisis, before being phased out. Why bring them back?, says academic and economist Josh Ryan-Collins
Sally Rooney’s screenplay, Hilary Mantel’s final Thomas Cromwell novel … what to look out for this year
The Texas attorney general, who fought against the Affordable Care Act and mail-in voting, has been accused of wrongdoing by his own aides amid calls for his resignation.
Signing of RCEP unites nations totalling 2.2 billion people and covers 28% of global trade
Measures include a $1,000 rebate for low-income residents to replace old heaters and upgrades to 35,000 social housing properties
A proposed island megacity off Karachi puts wetlands – and the millions of jobs that depend on them – at risk
Taiwan’s creative economy serves as a shining example of the importance of a developed creative industry as a source of stability.
While the election isn’t until November 3, it looks like lots of people and businesses are, in a sense, “voting” early — with their feet.
America is the world’s most powerful, prosperous nation precisely because of the very market principles the Great Reset supporters loathe, not in spite of them.
The bigger picture is that limited U.S.-EU deals will help USMCA, and start a transatlantic dialogue about WTO reform.
But simply revitalizing traditional institutions and treaties won’t be enough, global leaders concluded at three-day gathering.
And British Prime Minister Boris Johnson holds a late-night meeting with President Donald Trump.
The deposed university president secured backing by ousting critics and hiring the family members and businesses of loyalists.
Pebble Mine developer adds lobbyists — IFA head retires
Taxpayers are backing more than a trillion dollars in home mortgages, but the agencies buying them are neglecting to consider climate risks.
How climate change could spark a home mortgage disaster — Trump moves ahead on weakened bird protections
The homeless mothers who call themselves Moms 4 Housing vow to keep fighting for affordable housing in the Bay Area.
In journeying from Whitefish to Washington, an outsider from Montana failed to follow the political guardrails.
Scott Green, a lobbyist with close ties to Joe Biden, purchased Virgin Islands property from James Biden and then extended him a private mortgage.
Hotels, retailers ask Congress for relief — Intel hires new top lobbyist
And Iran is weighing a plot to kill the U.S. ambassador to South Africa, according to officials.
The request to Congress raises serious First Amendment and transparency concerns, critics said.
In your 30s, you'll almost certainly have a need for a few different types of insurance that protect your income and assets.
After getting comfortable with investing in 2020, the author wondered where else she could put her money for better returns with less risk.
Trying to time the market doesn't work for real estate investing, just like it doesn't work with stock market investing.
If you don't want to spend too much time researching or rebalancing your portfolio, an automated online investing service is a good choice.
Mobile home insurance is a type called HO-7 homeowners insurance, which covers your home, your belongings, and liability.
How does a trust fund work? In short, it allows a person to control how and when their assets are distributed and shelters them from probate.
Life insurance policies, retirement accounts, and trust funds avoid probate and automatically transfer to beneficiaries upon the owner's death.
The average American savings balance depends on several factors, including your age, education level, household size, and whether you own your home.
As Portugal's golden visa scheme faces calls to be axed, do such initiatives that offer residency to foreign nationals do more harm than good?
Diversification means owning a mix of investments within and across asset classes to reduce risk and limit volatility in a portfolio.
Most papers lead on reaction to areas being placed within the government's tougher new tier system.
The tax isn't age-related. Instead, Deutsche Bank calls for taxes and policies focused on 5 key forces that put boomers ahead of millennials.
Until now, the rules have favoured investment where property prices are high - such as south-east England.
In the midst of a pandemic, it’s delightful to imagine doing whatever you like without worrying about making a living.
People who are good with money know the value of education, and being frugal with the things they buy to free up cash for investing.
It's almost impossible to avoid the store in the UK.
In a world in which many are working longer and longer, those in the FIRE movement are following a philosophy enabling them to retire in their 40s – or even sooner
He bought his first property in 2006 with the intention of selling it, but when the market crashed and no one could get a loan, he became a landlord.
We already knew there was a big trend toward remote working, and this has only been drastically accelerated by the COVID-19 pandemic. At the same time, the distractions of daily life can easily impinge on the “deep work” many need to get done when working on something important, like wr…
Flexible office, hospitality and retail startups are hard hit, while sanitation startups are one of the biggest new winners in the proptech space.
As Covid-19 has hit economies, it may have a lasting impact on property sectors around the world.
What the Amazon founder and CEO wants for his empire and himself, and what that means for the rest of us.
When it launched in 2014, STX Entertainment was supposed to be a smarter and nimbler entertainment company, one that could open compelling movies and launch quality television shows while keeping a…
Disney is buying Lucasfilm for $4 billion, adding the legendary Star Wars franchise to the entertainment giant's stable of characters.
In today’s film news roundup, Griffin Capital has sold the DreamWorks Animation Studio Campus for $290 million, “Happy Death Day” tops $100 million in box office, and the comedy &…
It’s only 35 miles to Manhattan, but the near-upstate New York hamlet of Bedford feels like an entirely different world. Rolling hills, peaceful pastures dot the landscape. Quaint downtown sh…
Good things sometimes do come to those who wait. And, for the financially well endowed, at least, that goodness sometimes comes in the form of a multimillion-dollar real estate discount. In late 20…
Bustle Digital Group’s Bryan Goldberg is back with more M&A: In the latest prong in Goldberg’s roll-up strategy, BDG closed a deal to buy Nylon, the 20-year-old fashion, beauty, mus…
So the tongue-wagging Platinum Triangle real estate scuttlebutt goes, billionaire real estate developer Randall Van Wolfswinkel has over the last year or so peeped and poked around just about every…
Producer Mark Gordon was only a few years removed from landing a best picture Oscar nomination for “Saving Private Ryan” when he decided to move into TV production in a significant way. His first s…
For game designer Elan Lee, business is about more than profits; it’s his own personal redemption. After spending 20-plus years in a career that took him from crafting special effects at Indu…
Earlier this spring, a significant chunk of the whos-who of professional gaming gathered in Katowice, Poland for the first annual Global Esports Forum. Timed to coincide with Intel Extreme Masters …
With the stocks of myriad global companies plummeting in the face of the coronavirus crisis, some M&A deals in Europe have been placed on hold or terminated, while others are further complicate…
Martin Luther King was never himself a Communist—far from it. But the FBI's wiretapping of King was precipitated by his association with Stanley Levison, a man with reported ties to the Communist Party. Newly available documents reveal what the FBI actually knew—the vast extent of Levison's Party activities
From animal crackers to chocolate chip cookies, cookies are big business. And many of the the treats have interesting stories behind them.
The economy has recovered from some of the damage caused this spring by the pandemic and shutdowns, but not fully, and the next stages are expected to be difficult. In recent years, recoveries have been grinding, and structural shifts could mean permanent changes for businesses.
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