A growing number of cities face a dilemma, according to The Wall Street Journal: historic office towers that hold a portion of the city’s identity are no longer able to pay their own way and fail to qualify for conversion to other uses, but preservationists militate against blowing them up or tearing them down.
Investors continue to pile into the gold market even as the metal’s price has broken through $4,000 in the biggest rally in half a century.
The number of mergers and acquisitions topping $10 billion in value has set a record at 14 in this year’s third quarter, the Financial Times reported after analyzing data from the London Stock Exchange Group (LSEG).
A federal tax incentive of as much as $7,500 for the purchase of electric vehicles (EVs) ended 30 September, leaving auto companies and their dealers with an estimated 134,000 cars that suddenly cost thousands of dollars more than they did last month.
The tokenization of stocks, real estate, and other assets is irreversible, according to Vlad Tenev, CEO of cryptocurrency trading platform Robinhood, who spoke in a CNBC interview.
Chinese equity markets rose and fell in waves in recent months as Beijing announced, then failed to deliver, “bold” stimulus programs to revive the dormant domestic economy.
U.S. spot gold briefly rose to $3,893 on 3 October as concerns over the U.S. Congress’s paralyzed discussions over reopening the government combined with growing certainty over the U.S. Federal Reserve’s impending interest rate reduction, Reuters said.
