Miami To Get a ‘Sponge Bob Meets the Jetsons’ Hotel Complex
Malaysian developers Genting just released their plans for the site–which will include a resort, casino, shops and residences–and the paper that’s moving to accommodate it dismissed the design as “Sponge Bob Meets the Jetsons.” Ouch. Those ‘biomorphic’ shapes on the ends of the complex would be the 65-story hotel towers, according to the Herald, and ...
Nissan to Build Brazil Plant in Expansion
Investments in Brazil are growing as big auto industries are establishing new plants, since the import tax over foreign vehicles has been imposed. Rio de Janeiro — Nissan Motor Co. is counting on substantial growth in Brazil to help drive a recently unveiled strategy to expand its share of the global auto market over the ...
What’s in Obama’s stimulus plan
President Obama unveiled a stimulus plan Thursday night that he says will boost hiring and provide a jolt to the stalled economy if it becomes law. A mix of $253 billion in tax cuts and $194 billion in new spending, the total bill for the plan is $447 billion. Given staunch Republican opposition to most new spending, the measure has almost no chance of passing the House in its current form.
Miami-Dade unveils new strategy to court Brazil
As Brazil’s prosperity and global profile have risen, it has become South Florida’s top trading partner, the source of its most freely spending visitors and increasingly a source of investment in the local economy. Now Miami-Dade business and economic development leaders have crafted a strategy aimed at helping the community take advantage of the opportunities the growing South American giant offers.
Brazil, South Africa Stocks Lure UBS on Best Payouts Since 2009
Stocks in Brazil and South Africa are the “best in class” for emerging-market investors seeking dividends after yields climbed to the highest levels since 2009, according to UBS AG.
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans
Citigroup Inc. and Bank of America Corp. were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those companies to take more than six times as much, $669 billion, in emergency loans from the U.S. Federal Reserve. The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
$60m entertainment block planned for Midtown
$60m entertainment block planned for Midtown. Being able to sit down in the movie theater and having your choice of food and drink delivered to your seat is just one of the perks New York-based developer Jack Cayre has in mind for a massive entertainment complex in Midtown.
How to get rich!
Mark Cuban talks about how to get rich! Change and uncertainty creates opportunity. Times like we are facing now, with complete financial uncertainty are perfect times to start on the road to getting ahead financially.
The Wrong Worries
In case you had any doubts, Thursday’s more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn’t recovering, and Washington has been worrying about the wrong things.
How Debt Impacts Your Net Worth
Debt has been getting a bad rap lately. It seems that if you have a radio show and you talk finance, you think all debt is bad. No wonder many consumers think that all debt can only have a negative impact on their net worth. But this isn’t necessarily the case.
Market News
- GM won't advertise in the 2013 Super Bowl May 18, 2012General Motors will not advertise during this year's Super Bowl game, the automaker said Friday. […]
- Postal Service's next deadline: Aug. 1 May 18, 2012The next deadline facing Congress to save the U.S. Postal Service is Aug. 1. That's when the agency won't have enough money to make a $5.5 billion payment to a retirement fund mandated by law. […]
- New York penthouse sells for a record $90 million May 18, 2012An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, the highest price ever paid for a New York apartment, according to the building's developer. […]
- Stocks: Worst week of the year May 18, 2012Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy into the broader market. […]
- Anti-social: Zynga tumbles after Facebook IPO May 18, 2012Social media stocks just aren't feeling the love, despite Facebook's highly-anticipated stock market debut. […]
- Enough on Facebook! Buy Google or Apple May 18, 2012Facebook is finally trading. And even though the stock didn't explode out of the gate, the company is still worth more than $100 billion. It shouldn't be. […]
- Facebook trading sets record IPO volume May 18, 2012Facebook's stock market debut finally came and went -- but for all the breathless hype, shares ended right near their offering price. […]
- Facebook: Many mutual funds already have a stake May 18, 2012Whether you do or don't like Facebook, you may already own a piece of the social media site: over the past year, nearly 70 mutual funds have snapped up pre-IPO shares on private markets. […]
- Thrilled and bummed by Google's self-driving car May 18, 2012My first ride in Google's self-driving car was, all at the same time, thrilling, fascinating and a little disappointing. […]
- Europe fears pressure world markets May 18, 2012European and Asian markets closed lower on Friday amid anxiety about Spanish and Greek banks and worries of a further slowdown in China. […]
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