Arthur Willis

A scion of the Wee family, Singapore's richest banking dynasty, is buying a mansion worth 39.5 million Singapore dollars (US$29 million), taking advantage of the lull in the luxury property market.

The ASX200 plunged today, unable to withstand Wall Street's downward momentum as high bond yields and strong US jobs and factory goods orders data dashed hopes of rapid rate cuts from the US Federal Reserve.

US yields continued their upward trend on Tuesday and the 10-year US Treasury yield has now reached 4.36%, a level last seen in 2023. The uptrend began on Monday when European markets were still in the Easter break. Good Friday had shown us a PCE deflator at 0.3% – well marked but still hot – and Chairman Jerome Powell signaling that the Fed would be in no hurry to cut rates. Monday then brought a strong ISM reading for the manufacturing sector. Before these events, markets seemed fixated on a Fed rate cut in June, but now that belief has fallen to a 60% probability.

Even without actual interest rate action, next week's meeting could provide some interesting insights into the ECB's next steps. We'll be looking for two things in particular: changes in communication and some guidance on the size of the first and subsequent rate cuts.

Slight slowdown in March, but supply is still above previous years Corporate offerings totaled $80 billion in March, down from the previous month's impressive €139 billion.

Long Island's housing construction growth rate was among the slowest in the United States between 2012 and 2022, according to a new report.

Back in late 2022, we commended Great Barrington stakeholders for collaborating on a creative approach to convert an existing structure into multi-workforce housing. We have determined that this so-called “boarding house” model is worth watching closely to see if it could be expanded and replicated in other parts of the county where companies are struggling to fill jobs, in part because of a Lack of available, affordable housing for potential prospective workers.

Some say it was the Gold Rush, others the Golden Age of Cinema, but no one really knows how the California Dream came about.

Renowned investor “The Big Short” Michael Burry, celebrated for his lucrative investments during the 2008 recession when he accurately predicted the collapse of the real estate market, is poised to make significant gains from his faith in Alibaba Group shares following recent events Holdings (NYSE:BABA) to draw developments.

America is minting millionaires at a record pace, according to a new report. According to calculations by analysts at financial advisory firm Henley & Partners, around 37% of the world's millionaires now make their home in the United States.