UK House Prices Stagnate in April as Higher Mortgage Costs Bite
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
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UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
China will hand out billions of yuan to help cities renovate run-down public buildings and upgrade infrastructure, as policymakers seek ways to inject life into an economy weighed down by a housing slump.
China’s technology hub of Shenzhen has joined other major cities in easing homebuying rules as authorities try to revive the beleaguered real estate market.
Check after check after check was displayed on screens for a New York jury on Monday carrying Donald Trump’s distinctive signature scrawled with a black sharpie.
Medicare’s hospital insurance trust fund will be able to pay full benefits until 2036, five years later than projected a year ago, according to a report released Monday by the Treasury Department.
Feb 12, 2020
Bloomberg News
,Jeff Bezos has bought a Beverly Hills mansion for US$165 million, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home.
The world’s richest man bought the 9-acre property from David Geffen, said the person, declining to be identified as the details are private. The sale was reported earlier Wednesday by the Wall Street Journal.
The purchase of the so-called Warner Estate by the Amazon.com Inc. founder is the latest in a string of mega-deals for residential properties in the U.S.
Lachlan Murdoch, the son of media mogul Rupert Murdoch, was one of at least four people to pay more than US$100 million for a home in the U.S. last year. The others include the record US$238 million Citadel founder Ken Griffin plunked down in January 2019 for a New York penthouse at 220 Central Park South. In December, fellow hedge fund billionaire Steven Schonfeld and his wife Brooke closed on a mega-mansion in Palm Beach, Florida, for $111 million.
The record breaking sale represents only a sliver of the $4.1 billion worth of Amazon shares Bezos sold in the span of a week earlier this year, according to regulatory filings.
--With assistance from Sophie Alexander.