Drought and dry soil conditions widened to 100 percent of flame-whipped California from 26 percent a year earlier, providing tinder for this month’s Camp Fire conflagration -- one of the deadliest wildfires in U.S. history, according to data for the week ended Nov. 13.
The Park Lane Hotel in New York City can be sold to Abu Dhabi’s state-owned Mubadala Investment Co. after fugitive Malaysian financier Low Taek Jho agreed to drop his claims to the property in a U.S. forfeiture lawsuit.
Outstanding student loan debt increased by $37 billion in the third quarter and stood at $1.44 trillion as of September 30, 2018, according to newly released data from the Federal Reserve Bank of New York.
Bill Ackman, who owns big stakes in Fannie Mae and Freddie Mac, said a U.S. regulator’s plan to boost capital in the mortgage-finance giants won’t work unless he and other investors get a cut of the billions of dollars the government has collected from the companies in recent years.
Confirmation bias is alive and well in the U.S. Treasury market.
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