Actor and director Clint Eastwood spent two years as mayor of Carmel-by-the-Sea living in this Spanish-Revival home a block from the ocean.
The billionaire’s opulent oceanfront abode is sleek and modern with a ‘whiff of James Bond-villain vibe.’
Hedge funds have overall cut their exposure to equity markets since the unwinding of the yen carry trade in early August, analysis from Goldman Sachs’ prime brokerage division shows
The 10-year Treasury yield sat around the 3.80% mark, after Fed minutes showed most officials believed an interest rate reduction next month is justified.
More than half of nonretirees don’t think they’ll have enough money in retirement.
Democratic presidential nominee Kamala Harris’s running mate, Tim Walz, promised financial help for Americans hurt by inflation while attacking the Republican ticket’s proposals, as he delivered a speech Wednesday night at his party’s convention.
Xiaomi shares rose sharply in Hong Kong after the smartphone and gadget maker posted an earnings beat and margins from its new electric-car business topped estimates.
In the latest twist for the media-industry merger drama that refuses to end, Edgar Bronfman Jr. has upped his offer to media heiress Shari Redstone’s National Amusements and a piece of Paramount Global — just before a key deadline for rival bids, according to a report on Wednesday.
Shares of Wolfspeed gained after the silicon carbide technologies company projected its electric-vehicle revenue would triple in the current quarter, while its overall business would see a boost from artificial-intelligence data center and solar investments.
Walt Disney Co. on Wednesday said its board had named Morgan Stanley veteran James Gorman to head the succession-planning committee seeking a replacement for Bob Iger, who has said he will step down as the media and amusement-park giant’s chief executive in 2026.
Changes in real-estate commissions are set to have a profound impact on the U.S. housing market.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Communications tech company also guided for a better current quarter, and a better year.
Shares of Urban Outfitters Inc. fell in extended trading Wednesday after the clothing retailer reported second-quarter same-store sales that missed expectations, as shoppers at its namesake stores continue to struggle with higher prices that have crimped demand for clothing.
Officials on the Federal Open Market Committee saw a number of vulnerabilities to the financial system worth monitoring as of last month, one of which has to do with the use of leverage in the Treasury market.
The company says AI products are seeing initial traction.
Equity investors appear to have moved past the “growth scare” fears that helped to inspire the summertime bust-up that nearly landed the S&P 500 in correction territory earlier this month.
The U.S. bond market was rising Wednesday, as investors assessed revisions to labor-market data and looked ahead to Federal Reserve Chair Jerome Powell’s Jackson Hole speech Friday.
Borrowing rates for investors seeking to short Icahn Enterprises. have spiked more than fivefold, to above 25%, since the company and its founder and majority shareholder Carl Icahn agreed to pay $2 million to settle regulatory charges this week.
As home prices have continued to march relentlessly higher, home buyers could soon get a break, a new report says.
