California evacuation orders expanded due to mudslide threats

California mudslides: What makes them so destructive? This animated video explains how mudslides can be so destructive after the recent spate of deadly wildfires. A potent atmospheric river barreled toward California on Tuesday, bringing the threat of downpours that could unleash destructive debris flows from wildfire burn scars as well as a heavy dump of snow in the Sierra Nevada. Evacuation orders were […]

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NYC Apartment Landlords Getting Burned in Gentrification Crash

New York’s apartment investors are suddenly waist-deep in distress. By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies […]

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Italy's Enel joins race for U.S. utility PPL's British unit: sources

LONDON (Reuters) – Europe’s biggest utility Enel is considering joining the race for British power utility Western Power Distribution (WPD), as part of a consortium advised by investment bank Rothschild, two sources close to the matter said.FILE PHOTO: A logo of Italian multinational energy company Enel is seen at the Milan’s headquarter, Italy, February 5, 2020. REUTERS/Flavio Lo Scalzo/File PhotoStill […]

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Wall Street's retail frenzy deepens as GameStop, Etsy soar

(Reuters) – Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short-sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.A man walks past a GameStop store in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad KhursheedThe surge in recent […]

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Slovenia Rushes Back to Market With East Europe’s Longest Bonds

In this article Slovenia is planning a quick return to the European debt market, with a pioneering 60-year bond. The ex-Yugoslav eurozone nation plans to offer benchmark-size notes due March 2081 via BNP Paribas SA, Deutsche Bank AG, Goldman Sachs Group Inc. and HSBC Holdings plc, according to a person familiar with the matter, who asked not to be identified […]

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10 things you need to know before the opening bell

Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets open. 1. US stocks set to open lower as investors brace for slew of big earnings and bubble jitters hit Asia. Asian stocks slid overnight while the dollar rose on Tuesday. 2. […]

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Bitcoin Seen Topping $50,000 Long Term as it Vies With Gold

Bitcoin’s price could exceed $50,000 over the longer term as the digital asset vies with gold for investment flows, according to cryptocurrency exchange Luno and brokerage OSL. “We’re talking about Bitcoin over the next three, five, 10 years slowly inching away at gold’s market capitalization,” Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore, said in an […]

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Hedge fund manager Dalio says bipartisan effort needed for post-pandemic world

FILE PHOTO: Ray Dalio, Founder, Co-Chief Executive Officer and Co-Chief Investment Officer, Bridgewater Associates attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben SprichBOSTON (Reuters) – Billionaire investor Ray Dalio, who founded the world’s largest hedge fund, said on Monday that all sides need to collaborate to reconfigure capitalism for a post-pandemic […]

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