FOR A man poised for combat with evil spirits, Philippe Moscato looks remarkably at ease. In casual clothes and chatting about the tools of his trade—a “Vogel” crystal, compass, steel crucifix, pendulum and bag of salt from Jerusalem—he says he can deliver unreal results. Hired to exorcise an apartment in a wealthy district of central […]
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WHEN the deal was struck just over a decade ago, for $1.8bn, 666 Fifth Avenue, a 41-storey Manhattan skyscraper, became the most expensive office building ever sold in America. Now it is in limbo, awaiting billions of dollars of investment to rebuild it and raise it almost twice as high. Across the Hudson River, another […]
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IN MOST four-decade-old firms run by greying co-founders, investors would have long since demanded clarity on succession. But private equity works differently: the industry has been dominated by its pioneers ever since its origins in the 1970s. So an announcement on July 17th about its future leadership by KKR, one of the world’s largest private-equity […]
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The European Union and the U.K. are far from reaching an agreement on key issues in Brexit talks, as the second round of negotiations comes to an end. Both negotiating teams have recognized some progress has been made but there are still “fundamental” differences, including issues on citizens’ rights and the Irish border. The EU […]
Read moreInterest rates are likely to stay low no matter who succeeds Janet Yellen as Federal Reserve chair, BlackRock‘s Rick Rieder told CNBC on Thursday. “Whoever is appointed, the dynamic [is] if you’re going to execute fiscal policy, you need to keep rates low for a long time,” the BlackRock chief investment officer of global fixed […]
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The euro saw a sharp surge as Mario Draghi spoke on Thursday afternoon, with the president of the European Central Bank (ECB) discussing inflation expectations and the potential end of its asset-purchase program. This is a breaking news story, please check back later for more. Source: cnbc Euro surges against dollar as Draghi comments on […]
Read moreThe number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said on Thursday. That […]
Read moreThe European Central Bank (ECB) held interest rates and asset purchases steady on Thursday, amid speculation that the bank will start to scale back its ultra-loose monetary policy in the fall. The central bank said that economic conditions remained positive but attempted to calm markets by striking a somewhat dovish tone and insisting that it […]
Read moreA home is only worth what someone is willing to pay for it, and apparently, that tab just hit its highest level in history. The median value of all homes in the United States in June surpassed $200,000, up 7 percent from a year ago, according to Zillow, a real estate listing company. Valuing homes […]
Read moreMore than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]
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