Bloomberg News

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Manhattan's Super-Luxury Condo Market May Be Over

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Manhattan’s growing inventory of ultra-luxury condominiums has another big developer seeing signs of a glut.

Indian Billionaire Pays $120 Million For Occasional Weekend Home

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The owners of Asian’s largest maker of vaccines paid $120 million for a former maharajah’s residence in Mumbai that most recently had been the U.S. consulate in the city.

It's Not Student Debt Keeping Young People From Buying Homes

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A blog post published by Zillow today shows that student-loan debt has little impact on the home-buying prospects of young families.

Obama Renews Carried Interest Tax Fight With Republican Help

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The president, now supported by Republican presidential candidates, again hopes to end a tax break exploited by private-equity managers, venture capitalists and hedge fund executives.

UBS: Long Bonds Will Sell Off Today Whether The Fed Is Very Dovish Or Hawkish

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As the "will they or won't they" debate stretches into the 11th hour, it's a good time to examine how Wall Street expects the market to react to an array of potential Federal Reserve outcomes.

Labor Shortage Sparks Production Delays For U.S. Home Builders

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Home builders spent years waiting for the U.S. jobless rate to fall so more people would buy houses. Now that employment is up, they’re struggling to meet demand.

Can Goldman Survive In The ETF Market?

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With the $3 trillion in exchange-traded funds worldwide expected to double by 2020, Goldman Sachs is preparing to launch its first line of ETFs.

A Billionaire's Crusade To Make L.A. The Contemporary Art Capital Of The World

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Eli Broad is a modern-day Medici, on a mission to transform a sprawl of traffic and tabloid celebrity into a vital center for contemporary art rivaling New York or London.

Egyptian Billionaire Identifies Two Islands For Refugee Haven

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Egyptian billionaire Naguib Sawiris said he has identified two Greek islands that could be used to host Syrian refugees, and suggested setting up a joint-stock company to deal with the expected...

The World's Second-Richest Person Is Closing In On Number One

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After surpassing the wealth of Warren Buffett in June, Spain's fast-fashion king Amancio Ortega has pulled within $10 billion of Bill Gates.

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