An investor who spent $27 million on a mansion that burned down on ‘Billionaire’s Beach’ only expects $3 million from insurance
Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million...
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Jason Ma
06:20
It’s different now: Tariffs can boost U.S. jobs, wages, and the economy, finance professor says
In this case, tariffs (properly implemented) would have the opposite effect of Smoot-Hawley...
Jason Ma
23:21
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years
Jason Ma
23:21
These hedge funds soared amid big gains for US stocks and the dollar
Some multi-strategy funds with bets across different asset classes and geographies saw outsized gains...
Jason Ma
05:27
‘The mother of all bubbles’ in the US is sucking money away from the rest of the world, market expert says
Awe of 'American exceptionalism' in markets has now gone too far," said Ruchir Sharma, chair of Rockefeller International...
Jason Ma
04:23
Russia’s war economy is on its last legs, but peace may be even worse for Vladimir Putin, experts say
Russia cannot continue waging the current war beyond late 2025, when it will begin running out of key weapons systems...
Jason Ma
07:20
More people are dropping out of the creator economy as those at the top get a bigger share of brand deals
The share of Bank of America customers earning income as content creators has declined for three years in a row...
Jason Ma
08:19
China’s rate cuts may actually worsen the economy
China's financial system is aimed mainly toward the supply side of the economy...
Jason Ma
04:38
The Russian economy can’t sustain Putin’s war on Ukraine much longer, expert says
Ukraine could win the war if it had an additional $50 billion per year, as well as a green light
Jason Ma
14:30
Europe’s economy is doomed to stagnation unless it takes a riskier course, Nobel laureate warns
This is where Europe’s principal problem lies: in a range of areas, from artificial intelligence to semiconductors to quantum computing,
