Items Tagged with 'Wall Street Journal'

ARTICLES

  • Trump blames Fed for stock market nosedive

    President told reporters he thinks the Fed went "crazy"
    President Donald Trump is quadrupling down on his ire toward the Federal Reserve’s rate hikes. On the Tarmac at Erie International Airport, he blamed Wednesday’s market meltdown on the Fed, telling reporters, "The Fed is making a mistake," and saying, "I think the Fed has gone crazy."
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  • Top retail banking exec at Wells Fargo leaves bank

    Lisa Stevens is leaving the big bank later this month
    A top retail bank executive for Wells Fargo is packing her bags and leaving the big bank behind. According to the Wall Street Journal, Wells Fargo Western Region Regional Banking Executive Lisa Stevens is leaving Wells Fargo later this month for unknown reasons.
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  • WSJ: California becomes first state to mandate gender-balanced boards

    Gov. Jerry Brown signed the bill into law on Sunday, legal fights ahead for the ambitious diversity bid
    Over the weekend, California became the first state to mandate that publicly held companies based in the state have at least two to three women on their boards of directors. The new law mandates that all publicly traded companies with headquarters in the state to have at least one woman on their boards by the end of next year and that by 2021, companies with at least five board directors will have to include two or three women or face financial penalties.
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  • Federal Reserve hikes interest rates again

    As expected, the Federal Reserve pushed rates up an additional .25% to stymie inflation
    The Federal Reverse raised interest rates for the third time this year, pushing rates up by .25% to 2.25%. Strong economic growth and a booming job market have led to the eighth rate hike since 2015, as the Fed tries to rein in the acceleration of inflation.
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  • Here is San Francisco's most expensive rental. It has to be seen to be believed

    Ambassador to Austria Trevor Traina is going to rent his home for $55,000 a month
    Trevor Traina, tech entrepreneur and U.S. ambassador to Austria, is listing his San Francisco home for rent. According to an article in The Wall Street Journal by Katherine Clarke, when it lists, the home will be the most expensive rental in all of San Francisco’s backbreakingly expensive rental market. This one takes the cake in more ways than one.
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  • Opportunity zone tax breaks tantalize real estate investors

    Developers are lining up to get in on tax breaks for investments in low-income "opportunity zones"
    The federal tax overhaul brought to life a new tax break for investments in low-income areas dubbed, "opportunity zones." Real estate investors appear excited to deploy capital in these areas and are positioning themselves to develop various kinds of real estate in these areas.
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  • NYCHA needs $31.8 billion to repair its properties...it only has $6.84 billion

    NYCHA in hot water as neglected repairs have put hundreds of children at risk of lead poisoning
    After the results of new inspections came in, the New York City Housing Authority announced that it needs $31.8 billion to fix its decrepit housing stock. According to the Wall Street Journal, this is an increase of nearly $7 billion over previous estimates.
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  • Cushman & Wakefield files for IPO

    Real estate giant files for IPO, hoping for $1 billion and valuation of $5 billion
    Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. Last year, Cushman’s revenue was $6.92 billion. In 2017, CBRE registered $14.2 billion and JLL registered $7.9 billion in revenue.
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