Former Employees Express Shock On Social Media As Open Mortgage Performs Another Round Of Mass Lay Offs ..read more

A Federal Judge Has Sentenced A Delray Beach Woman To 30 Months In Federal Prison For Her Involvement In An International Boiler Room Scam ..read more

Mortgage Applications Plummet To 22-Year Low As Home Sales Drop 14% From A Year Ago.  ..read more

The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 ..read more

Sales Of Passports-By-Investment AKA Golden Passports Spike By 337% As People Flee To Places Like New Zealand And Portugal ..read more

``These start-ups weren't nonprofits, charities, or state-run socialist enterprises. Eventually, they had to do a capitalism and turn a profit. But for years, it made a strange kind of sense for them to not be profitable. With interest rates near zero, many investors were eager to put their money into long-shot bets. If they could get in on the ground floor of the next Amazon, it would be the one-in-a-million bet that covered every other loss. So they encouraged start-up founders to expand aggressively, even if that meant losing a ton of money on new consumers to grow their total user base ..read more

Meanwhile, [[during the pandemic,] the Federal Reserve was pumping trillions of dollars into the markets, helping to inflate stock valuations. Hundreds of thousands of small businesses were murdered in just a few short months--by government edict--while seven tech companies gained $3.4 trillion in market value. If you were able to access capital--which is code for already being big or wealthy, even if you weren't in some cases financially sound--it was plentiful and, for debt capital, available at historically low interest rates. 2020 became a record year for IPOs and for other capital-raising ..read more

While the struggling developers are tiny individually, compared to Evergrande, they make up about 10%-15% of the total market on aggregate, Zeng said. She warned that a collapse could result in a "systemic" spillover to other parts of the economy. ... Some economists have warned that the collapse of Evergrande could become China's "Lehman moment" -- a reference to the bankruptcy of Lehman Brothers as a result of the subprime mortgage crisis, which triggered the 2008 global financial crisis. However, Capital Economics senior global economist Simon MacAdam described that narrative as "wide of th ..read more

``U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 500 points, as Hong Kong-listed property companies came under fresh pressure. Is this the correction that some strategists have anticipated ..read more

New York Eviction Ban Makes Air Force Veteran Landlord Homeless Because Tenants Exploit Pandemic Eviction Ban  ..read more