Business

The Mephisto Polka

Japanese Finance Minister Taro Aso, center back, presides over a meeting of finance ministers and heads of central banks of the Group of Seven in in Sendai, northern Japan, Friday, May 20, 2016. (Yohei Kanezashi/Kyodo News via AP)
Japanese Finance Minister Taro Aso, center back, presides over a meeting of finance ministers and heads of central banks of the Group of Seven in in Sendai, northern Japan, Friday, May 20, 2016. (Yohei Kanezashi/Kyodo News via AP)

In her recent set-piece testimony before Congress, Janet Yellen made clear that she is determined to repeat the sort of ‘gradualism’ in raising rates that...


  • (Screenshot/Youtube)

    Video Shows Emirates Air Stewardess Pouring Champagne Back Into Bottle in First Class

    An Emirates Air passenger inadvertently recorded a stewardess pouring Champagne back into a bottle on a flight bound for Dubai. Russian passenger Yevgeny Kayumov filmed... Read more

  • 2013 Honda Accord EX-L V-6 Sedan. (Honda Motor Company)

    Honda Recalling 2 Million Accords for Engine Fire Risk

    Honda is recalling over 2 million Accord models from years 2013 to 2016 for a fire risk caused by a faulty battery sensor. The recall... Read more

  • (RENAE WANG/THE EPOCH TIMES)

    Cryptomania: When Cryptocurrencies Hit Bubble Territory

    With cryptocurrencies having lost $30 billion in market cap in just over two weeks, it’s not only the skeptics who are asking whether the bubble has... Read more

  • A Domino's Pizza restaurant in the Lower East Side of Manhattan on July 11, 2017. (Samira Baouaou/The Epoch Times)

    Domino’s Delivers More Than Pizza

    Domino’s Pizza has achieved consistent growth, becoming an investors’ darling, thanks to its digital revolution. The pizza chain has outperformed many tech giants like Google,... Read more

  • Stephen Poloz, governor of the Bank of Canada, holds a news conference in Ottawa after the central bank raised its key policy rate for the first time since 2010 on July 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Raises Rates on Improving Growth Outlook

    OTTAWA—As widely expected, the Bank of Canada raised its key policy rate by 0.25 percent to 0.75 percent on July 12, reflecting its greater confidence in the... Read more

  • View of the Berlin skyline seen from Potsdamer Platz to Alexanderplatz on December 13, 2015. (JOHN MACDOUGALL/AFP/Getty Images)

    Berlin’s Goal: Become the Silicon Valley of Europe

    A few weeks after Brexit, a van displaying a large, colorful billboard drove around the streets of London. The van, hired by Germany’s Free Democratic... Read more

  • A woman carries a Macy’s shopping bag after exiting Macy’s flagship store in New York on May 12, 2017. (Drew Angerer/Getty Images)

    Retail Industry, One of the Nation’s Top Employers, Takes a Hit

    Retail employment has fallen sharply this year due primarily to the rise of online shopping. Department stores, with their large staffs and overheads, have been... Read more

  • A man exits the Uber offices in Queens, New York on Feb. 2, 2017. (REUTERS/Brendan McDermid)

    Uber Can’t Retain New Drivers

    Things are getting worse for Uber. After founder and CEO Travis Kalanick resigned on June 21 following a shareholder revolt, a recent analysis shows that Uber... Read more

  • Tesla stock drop Model 3 release

    Tesla’s Stock Starts to Plummet Before Model 3 Rollout and Amid Model S Poor Crash Test Ratings

    Tesla’s stock has begun to spiral, even before the release of its highly anticipated Model 3. The stock dropped 7.2 percent to $327.09, its lowest... Read more

  • Cypress Grove cheeses.

    Artisanal Food Makers Optimistic Despite Whole Foods Takeover by Amazon

    NEW YORK—Amazon’s purchase of Whole Foods has everyone in the food industry talking about the implications. Neither company has disclosed specific details about the deal,... Read more

  • A general view shows  the Shaybah mega-project, the first, and so far sole, oilfield development in Saudi Arabia's vast Al-Rub al-Khali desert, some 500 miles southeast of the eastern oil center of Dhahran. (BILAL QABALAN/AFP/Getty Images)

    The Bear Market in Commodities

    For many traders, it was a shock to see the barrel of oil collapse to 12-month lows in June, despite an agreement from producers to... Read more

  • Traders work on the floor of the New York Stock Exchange on June 30, 2017. The S&P 500 had a strong first half of 2017, led by tech and health care. (Spencer Platt/Getty Images)

    More ‘Goldilocks’ for US Stocks

    Shifting expectations—that’s been the name of the game affecting U.S. stocks for the first half of 2017, according to Alan Robinson of RBC Wealth Management... Read more

  • The Marriner S. Eccles Federal Reserve Board Building in Washington on July 14, 2016. (Benjamin Chasteen/Epoch Times)

    The Fed’s Quantitative Tightening

    The older a bull market gets, those who are paid to comment on it become more and more desperate for new things to say about... Read more

  • The Uber app logo is seen on a mobile telephone in this Oct. 28, 2016 photo illustration. (REUTERS/Toby Melville/Illustration)

    Uber Launches Speedboat Service in Croatia

    Uber has launched a whole new branch: Uber Boat. “So here we are, launching the world premiere of Uber boat service,” said Uber General Manager... Read more

  • Handmade glass eyes at Tohickon Glass Eyes in Sellersville, Pa., in this file photo.

    More Than Meets the Eye

    SELLERSVILLE, Pa.—When I walked into the corporate office of Tohickon Glass Eyes, the company’s vice president, Tony Alfaro, was sitting behind a well-organized desk, wearing... Read more

  • Bank of Canada governor Stephen Poloz holds a press conference in Ottawa on June 8. Bank of Canada communication in late June has given markets cause to raise expectations of an interest rate hike in 2017, something deemed unlikely at the time of the central bank’s last decision date on May 24, 2017. (The Canadian Press/Sean Kilpatrick)

    Why Bank of Canada, US Fed Should Adopt Lower Inflation Targets

    The Bank of Canada and U.S. Federal Reserve are used to being questioned about how they set interest rates to govern the economy. With the... Read more

  • (Screenshot/Youtube)

    Video Shows Emirates Air Stewardess Pouring Champagne Back Into Bottle in First Class

    An Emirates Air passenger inadvertently recorded a stewardess pouring Champagne back into a bottle on a flight bound for Dubai. Russian passenger Yevgeny Kayumov filmed... Read more

  • 2013 Honda Accord EX-L V-6 Sedan. (Honda Motor Company)

    Honda Recalling 2 Million Accords for Engine Fire Risk

    Honda is recalling over 2 million Accord models from years 2013 to 2016 for a fire risk caused by a faulty battery sensor. The recall... Read more

  • A Domino's Pizza restaurant in the Lower East Side of Manhattan on July 11, 2017. (Samira Baouaou/The Epoch Times)

    Domino’s Delivers More Than Pizza

    Domino’s Pizza has achieved consistent growth, becoming an investors’ darling, thanks to its digital revolution. The pizza chain has outperformed many tech giants like Google,... Read more

  • View of the Berlin skyline seen from Potsdamer Platz to Alexanderplatz on December 13, 2015. (JOHN MACDOUGALL/AFP/Getty Images)

    Berlin’s Goal: Become the Silicon Valley of Europe

    A few weeks after Brexit, a van displaying a large, colorful billboard drove around the streets of London. The van, hired by Germany’s Free Democratic... Read more

  • A man exits the Uber offices in Queens, New York on Feb. 2, 2017. (REUTERS/Brendan McDermid)

    Uber Can’t Retain New Drivers

    Things are getting worse for Uber. After founder and CEO Travis Kalanick resigned on June 21 following a shareholder revolt, a recent analysis shows that Uber... Read more

  • Tesla stock drop Model 3 release

    Tesla’s Stock Starts to Plummet Before Model 3 Rollout and Amid Model S Poor Crash Test Ratings

    Tesla’s stock has begun to spiral, even before the release of its highly anticipated Model 3. The stock dropped 7.2 percent to $327.09, its lowest... Read more

  • Cypress Grove cheeses.

    Artisanal Food Makers Optimistic Despite Whole Foods Takeover by Amazon

    NEW YORK—Amazon’s purchase of Whole Foods has everyone in the food industry talking about the implications. Neither company has disclosed specific details about the deal,... Read more

  • Traders work on the floor of the New York Stock Exchange on June 30, 2017. The S&P 500 had a strong first half of 2017, led by tech and health care. (Spencer Platt/Getty Images)

    More ‘Goldilocks’ for US Stocks

    Shifting expectations—that’s been the name of the game affecting U.S. stocks for the first half of 2017, according to Alan Robinson of RBC Wealth Management... Read more

  • The Uber app logo is seen on a mobile telephone in this Oct. 28, 2016 photo illustration. (REUTERS/Toby Melville/Illustration)

    Uber Launches Speedboat Service in Croatia

    Uber has launched a whole new branch: Uber Boat. “So here we are, launching the world premiere of Uber boat service,” said Uber General Manager... Read more

  • Handmade glass eyes at Tohickon Glass Eyes in Sellersville, Pa., in this file photo.

    More Than Meets the Eye

    SELLERSVILLE, Pa.—When I walked into the corporate office of Tohickon Glass Eyes, the company’s vice president, Tony Alfaro, was sitting behind a well-organized desk, wearing... Read more

  • File Photo: Republican Presidential candidate Donald Trump enters the stage as he takes part in a town hall event moderated by Anderson Cooper March 29, 2016 in Milwaukee, Wisconsin. (Photo by Darren Hauck/Getty Images)

    CNN Producer: Trump–Russia Theory Mostly False, No ‘Big, Giant Proof’

    A producer at CNN has said the theory about collusion between Russia and the Trump campaign is mostly false, and that the network has no significant... Read more

  • L: A McDonald's sign on the outside of a restaurant on April 25, 2017 in Miami, Florida; R: Customers use the digital screen to place an order at a McDonald's restaurant on April 25, 2017 in Miami, Florida. (Joe Raedle/Getty Images)

    McDonald’s Replaces Cashiers With Touch Screens, but May Not Fire Them

    McDonald’s shares have climbed to record highs as the company delivers on its promise to cut costs and improve services. Part of the deal is... Read more

  • Terry Gou, Chairman of Taiwan's Foxconn, also known as Hon Hai, gestures during a press conference in New Taipei City on June 22, 2017. (Sam Yeh/AFP/Getty Images)

    Five States Considered for Foxconn $10B Investment

    Foxconn, the largest contract electronics maker in the world, plans to invest $10 billion in the United States with an eye on these five states: Wisconsin,... Read more

  • David Lametti, parliamentary secretary to the Minister of Innovation, Science and Economic Development, speaks during question period on Parliament Hill on Feb. 24, 2017, in Ottawa. The former McGill law professor is a specialist in intellectual property and is leading the Canadian government’s efforts to formulate a new IP strategy. (The Canadian Press/Justin Tang)

    Creating the Right Intellectual Property Strategy for Canada

    The devil’s in the details for the federal government’s new intellectual property (IP) strategy, announced in its 2017 budget, but tying it to the Liberals’... Read more

  • Travis Kalanick, co-founder and CEO of Uber, speaks during the opening of the Digital Life Design (DLD) Conference in Munich, Germany in 2015. He announced he was stepping down from his role with the ride-sharing giant on June 20, 2017. (Tobias Hase/AFP/Getty Images)

    Keeping CEO Job Was One Fight Too Many for Uber’s Kalanick

    DETROIT—Travis Kalanick’s combative personality created the culture that let Uber grow from startup to behemoth in just eight years. But under his direction the ride-hailing... Read more

  • The Uber app logo is seen on a mobile telephone in this Oct. 28, 2016 photo illustration. (REUTERS/Toby Melville/Illustration)

    Uber CEO’s Resignation Ends Some of Company’s Distractions

    On Tuesday, the same day Uber announced “180 days of change” to fix long-standing grievances held by drivers, CEO Travis Kalanick resigned. It was the... Read more

  • The Uber app logo is displayed on an iPhone on August 3, 2016 in London, England. (Photo by Carl Court/Getty Images)

    Uber Finally Adds Tipping Option After Years of Resistance

    After years of resistance, Uber has introduced a tipping option for riders. Tipping became available in Seattle, Minneapolis, and Houston on Tuesday, June 20. Uber... Read more

  • A Whole Foods Market is pictured in the Manhattan borough of New York City, New York on June 16, 2017. (REUTERS/Carlo Allegri)

    Whole Foods CEO Hints at Another Brand Under Amazon

    After Amazon.com Inc. completes its takeover of high-end grocer Whole Foods Market Inc., it might launch another brand with different standards, the grocery chain’s chief... Read more

  • A Sears Canada outlet in Saint-Eustache, Quebec. The retailer has warned there are doubts about its ability to continue operating, and says it may have to restructure or be sold. (The Canadian Press/Ryan Remiorz)

    Future of Sears Canada in ‘Significant Doubt,’ Sale Pondered

    TORONTO—Sears Canada, known for its catalogues that were a household staple for generations, says there is “significant doubt” about its future and it could sell... Read more

  • Yahoo logo in Rolle, Switzerland (top) in 2012 and a Verizon sign at a retail store in San Diego, California In 2016. (REUTERS)

    Verizon Closes Yahoo Deal, CEO Steps Down

    Verizon Communications Inc. said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc’s core business and that Marissa Mayer, chief executive of the... Read more

  • Stephen Poloz, governor of the Bank of Canada, holds a news conference in Ottawa after the central bank raised its key policy rate for the first time since 2010 on July 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Raises Rates on Improving Growth Outlook

    OTTAWA—As widely expected, the Bank of Canada raised its key policy rate by 0.25 percent to 0.75 percent on July 12, reflecting its greater confidence in the... Read more

  • A general view shows  the Shaybah mega-project, the first, and so far sole, oilfield development in Saudi Arabia's vast Al-Rub al-Khali desert, some 500 miles southeast of the eastern oil center of Dhahran. (BILAL QABALAN/AFP/Getty Images)

    The Bear Market in Commodities

    For many traders, it was a shock to see the barrel of oil collapse to 12-month lows in June, despite an agreement from producers to... Read more

  • The Marriner S. Eccles Federal Reserve Board Building in Washington on July 14, 2016. (Benjamin Chasteen/Epoch Times)

    The Fed’s Quantitative Tightening

    The older a bull market gets, those who are paid to comment on it become more and more desperate for new things to say about... Read more

  • Bank of Canada governor Stephen Poloz holds a press conference in Ottawa on June 8. Bank of Canada communication in late June has given markets cause to raise expectations of an interest rate hike in 2017, something deemed unlikely at the time of the central bank’s last decision date on May 24, 2017. (The Canadian Press/Sean Kilpatrick)

    Why Bank of Canada, US Fed Should Adopt Lower Inflation Targets

    The Bank of Canada and U.S. Federal Reserve are used to being questioned about how they set interest rates to govern the economy. With the... Read more

  • James Rickards, author of the national bestseller “Currency Wars.” 
(Courtesy of James Rickards)

    James Rickards: Fed Is Going to Cause Recession

    James Rickards, author of “The Road to Ruin,” has successfully predicted Federal Reserve (Fed) policy in the past. In this interview with The Epoch Times,... Read more

  • Fed chair Janet Yellen gave reporters in Washington a very positive outlook for the U.S. economy on June 14, 2017 after announcing a third policy rate increase in six months. (Mark Wilson/Getty Images)

    Fed Raises Key Rate, Unveils Plan to Reduce Bond Holdings

    WASHINGTON—The U.S. Federal Reserve raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing... Read more

  • A sold sign in front of a west-end Toronto home on May 14, 2017. Sales and prices are down while listings are way up in the latest report from the Toronto Real Estate Board. (The Canadian Press/Graeme Roy)

    Toronto Housing Market Cools, But for How Long?

    The latest readings on Toronto’s housing market show definite signs of cooling, and the culprit for the extraordinary price gains—speculative investment—seems to be taking a... Read more

  • Canada's Minister of Finance Bill Morneau (C) operates a robot with student Spencer Pelzer (R) while Calgary mayor Naheed Nenshi looks on during their tour of the robotics lab at the Southern Alberta Institute of Technology in Calgary on March 27, 2017. Automation threatens many low-skilled jobs, but Canada has benefited from technological advances in the long term. (The Canadian Press/Todd Korol)

    No Better Time to Be an Entrepreneur

    The entrepreneurship bug is spreading in Canada. It’s sorely needed for a labor force and an economy that need to adapt in the face of... Read more

  • Innovation, science and economic development minister Navdeep Bains during Question Period in the House of Commons in Ottawa on Feb. 23, 2017. (The Canadian Press/Adrian Wyld)

    Liberals Launch Contest for $950M ‘Supercluster’ Plan to Boost Innovation

    OTTAWA—The Trudeau government is opening the competition for its $950-million “supercluster” program that aims to bring together industry and academia as a way to lift... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Monetary Policy Report in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Cautious as Strong Economic Growth Expected to Moderate

    OTTAWA—The Bank of Canada remained cautious on the recent strong performance in the Canadian economy and held its target for the overnight rate at 0.5... Read more

  • A single-family home in Toronto. (Epoch Times)

    TREB’s Foreign Buyer, Speculation Figures Questioned

    The Toronto Real Estate Board (TREB) reported on May 3 that the total number of transactions in April slipped 3.2 percent from a year ago... Read more

  • U.S. Federal Reserve Board chair Janet Yellen holds a news conference on March 15, 2017 in Washington, D.C. The Fed kept rates unchanged on May 3. (Chip Somodevilla/Getty Images)

    Protectionism Would Slow Pace of US Fed Rate Hikes, Say Economists

    It’s likely still early days as far as the U.S. Federal Reserve is concerned about protectionism being a threat to economic growth. While uncertainty continues... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York on April 20, 2017. (REUTERS/Brendan McDermid)

    Nasdaq Breaches 6,000 Mark for First Time Ever

    The Nasdaq breached the 6,000 mark for the first time ever on Tuesday, spurred by a raft of strong corporate earnings and President Donald Trump’s... Read more

  • Office of Management and Budget Director Mick Mulvaney takes questions from reporters during a briefing at the White House March 16, 2017. (Chip Somodevilla/Getty Images)

    Trump Administration Tackles Regulation

    President Donald Trump is pushing hard on deregulation and has recently ordered his team to rebuild the government from scratch to eliminate inefficiencies that affect... Read more

  • Mauricio Macri speaks to the press after voting in Buenos Aires, Argentina, on Nov. 22, 2015. In his first 16 months in office, Macri has pushed through many tough reforms. (EITAN ABRAMOVICH/AFP/GETTY IMAGES)

    Argentina’s Long Path to Reform

    BUENOS AIRES, Argentina—Argentina has seen worse: 20,000 percent inflation, currency devaluation, military coups, and sovereign defaults. Compared to the country’s history, the current situation seems benign... Read more

  • Carolyn Wilkins, Senior Deputy Governor of the Bank of Canada, speaks to reporters in Ottawa on July 13, 2016. (The Canadian Press/Justin Tang)

    Bank of Canada Warns Workforce Automation Could Intensify Income Inequality

    OTTAWA—A senior Bank of Canada official said that while the country is poised to reap economic benefits from technological progress, it must also brace for... Read more

  • Steve Keen's new book "Can We Avoid Another Financial Crisis?" and a  picture of the author. (Steve Keen)

    Steve Keen: ‘Can We Avoid Another Financial Crisis?’

    Economic theory is layered like a cake. Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Bank's Monetary Policy Report, in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Anticipates Toronto Housing Market Cooling

    OTTAWA—The Bank of Canada reiterated its expectation for Toronto’s raging housing market to cool due to the effects of stricter mortgage insurance eligibility, high levels... Read more

  • A fully loaded cargo ship heads out to sea from New York Harbor on Aug. 22, 2016. (Spencer Platt/Getty Images)

    The Hidden Force Behind the US Trade Deficit

    The Trump administration promised the electorate that it would fix trade imbalances that cost American jobs, and so amped up its rhetoric ahead of President Donald... Read more

  • People stand in line as they wait to get into a job fair in Sunrise, Fla., on Nov. 15, 2016. (Joe Raedle/Getty Images)

    Creative Destruction Versus Government Fixes

    Despite the temporary injection of confidence in the American economy brought about by the election of President Donald Trump, major structural problems continue to lurk... Read more

  • (RENAE WANG/THE EPOCH TIMES)

    Cryptomania: When Cryptocurrencies Hit Bubble Territory

    With cryptocurrencies having lost $30 billion in market cap in just over two weeks, it’s not only the skeptics who are asking whether the bubble has... Read more

  • A woman carries a Macy’s shopping bag after exiting Macy’s flagship store in New York on May 12, 2017. (Drew Angerer/Getty Images)

    Retail Industry, One of the Nation’s Top Employers, Takes a Hit

    Retail employment has fallen sharply this year due primarily to the rise of online shopping. Department stores, with their large staffs and overheads, have been... Read more

  • Traders work on the floor of the New York Stock Exchange on June 30, 2017. The S&P 500 had a strong first half of 2017, led by tech and health care. (Spencer Platt/Getty Images)

    More ‘Goldilocks’ for US Stocks

    Shifting expectations—that’s been the name of the game affecting U.S. stocks for the first half of 2017, according to Alan Robinson of RBC Wealth Management... Read more

  • Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 - Day 2 at Copper Box Arena in London, England on Dec. 8, 2015.  (John Phillips/Getty Images for TechCrunch)

    Ethereum: The New Star on the Cryptomarket

    The cryptocurrency market capitalization briefly surpassed $100 billion, and ethereum ($21 billion) looked like it was starting to steal the show from bitcoin ($38 billion)... Read more

  • (Julia Tsokur/Shutterstock)

    Bitcoin Is Money

    Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency. Many are confused as to how this mathematical protocol can... Read more

  • Demonstrators march against the CETA trade deal near the European Parliament in Strasbourg, France on Feb.15, 2017. Globalization has not been kind to incomes of most of the middle class in developed world economies. (AP Photo/Jean-Francois Badias)

    Geopolitical Risks Threaten Exuberant Stock Market

    MONTREAL—Geopolitical risk is running high despite all seeming well with U.S. stock markets, but evaluating broader trends, which include “de-globalization” and China’s economic transition on... Read more

  • Traders on the floor of the New York Stock Exchange on April 7. (DREW ANGERER/GETTY IMAGES)

    Why Stocks Keep On Rallying

    In normal conditions, stock market functions are a barometer for the economy. Good earnings and economic activity drive stocks higher. Valuations are another factor: Are... Read more

  • A neighborhood in the San Francisco Bay Area in this file photo. According to a poll by the Bay Area Council, a growing number of residents are considering leaving the Bay Area. (PUNG/SHUTTERSTOCK)

    America’s Hottest Real Estate Market Is Cooling Off

    San Francisco, which had the greatest uptick in home values in recent years, now has the weakest market out of the nation’s top 100 metropolitan areas,... Read more

  • An African elephant is pictured in Hwange National Park in Zimbabwe on Nov.19, 2012. (MARTIN BUREAU/AFP/Getty Images)

    We’re All Environmentalists Now

    The days when political lines could be drawn in terms of where one stood on the environment are over. Everybody wants cleaner air, open spaces, vibrant... Read more

  • ( L-R) Joe Marchese, President of Fox Networks Group; Donna Speciale, President of Ad Sales & Marketing, Turner; and Sean Moran, Head of Marketing & Partner Solutions, Viacom speak at the OpenAP launch event April 7 in New York City.  (Dave Kotinsky/Getty Images for New Creative Mix Inc.)

    TV Advertising Unfazed by Growth of Digital

    The television market is undergoing a secular change. TV ratings have declined, and consumers are cutting the cord more than ever. The drop-off is evident... Read more

  • Genesis, a palatial residence and once one of the world's priciest properties, on Hong Kong's prestigious Victoria Peak. (AP Photo/Anat Givon)

    Christie’s: Global Sales of Luxury Homes Cooled in 2016

    LOS ANGELES—Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than... Read more

  • (Tsokur/iStock)

    Bitcoin Climbs a Wall of Worry

    Investors in bitcoin live dangerously. This year, they watched as the virtual currency hit a high point of $1,350 and a low point of $975,... Read more

  • WATERBURY, CT - MARCH 28:  People walk through a nearly empty shopping mall on March 28, 2017 in Waterbury, Connecticut. As consumers buying habits change and more people prefer to spend money on technology and experiences like vacations over apparel, shopping malls across the country are suffering.In the last decade dozens of malls have closed as retailers like JCPenney, Macy's and Sears, known as 'anchor stores,' close hundreds of locations do to falling sales. Real estate firm CoStar are projecting that nearly 25% of American malls are in danger of losing their anchors stores.  (Photo by Spencer Platt/Getty Images)

    Clouds Gathering Above America’s Shopping Malls

    The recent dominance of online retailers like Amazon.com, combined with dismal department store sales figures, seems to suggest the suburban shopping mall’s days are numbered. A confluence... Read more

  • A sold sign is seen in front of a west-end Toronto home on April 9, 2017. Toronto’s overheating housing market should not be an impediment to kick-starting a private-label mortgage-backed securities market, according to two mortgage industry experts. (The Canadian Press/Graeme Roy)

    Stage Set for Private Mortgage-Backed Deals in Canada

    The time is ripe for the emergence of a residential mortgage-backed securities (RMBS) market in Canada. For some, RMBS bring back nightmares of the subprime... Read more

  • President Donald Trump speaks to workers at the headquarters of tools manufacturer Snap-On on April 18, 2017 in Kenosha, Wisconsin. Doubts continue to mount on the administration’s ability to fulfill the president’s ambitious agenda. (Scott Olson/Getty Images)

    Trump Trade Fades

    Financial markets are always adjusting to the new reality. Sometimes they get ahead of themselves and then they retrace. Case in point: reacting to the... Read more

  • A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. (REUTERS/David Gray/File Photo)

    In Rare Fumble, Goldman Stuns Wall Street With Weak Trading

    (Reuters)—Goldman Sachs Group Inc. fell short of earnings expectations on Tuesday due to a drop in quarterly trading revenue, prompting analysts to demand explanations for... Read more

  • Karen Mills, former head of Small Business Administration, during a House Small Business Committee hearing on Capitol Hill on June 6, 2012. (Mark Wilson/Getty Images)

    Loose Regulations Fuel the Rise of Loan Sharks

    Business owners can now secure loans in days, or even hours, without ever walking into a bank, thanks to the explosion of alternative lenders. The new... Read more

  • Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that hammered prices, in Cushing, Oklahoma, March 24, 2016. (REUTERS/Nick Oxford/File Photo)

    Oil Near One-Month High After US Missile Strike in Syria

    LONDON—Oil traded near a one-month high on Friday after the United States fired missiles at a Syrian government airbase, sending shockwaves through global markets and... Read more

  • A single family home in Toronto. (Epoch TImes)

    Experts Weigh in on Toronto’s Scorching Housing Market

    TORONTO—The average selling price of all homes in the Greater Toronto Area skyrocketed last month, climbing 33.2 percent from a year ago to $916,567. The... Read more

  • An oil derrick and wind turbines stand above the plains north of Amarillo, Texas on March 14, 2017. (REUTERS/Lucas Jackson)

    Oil Hits One-Month High Near $55 on Tighter Supplies

    LONDON—Oil hit a one-month high near $55 a barrel on Wednesday as a fall in U.S. crude inventories raised hopes OPEC-led supply cuts were clearing... Read more

  • (Courtesy of The Renaissance Group Inc.)

    Quality and craftsmanship set The Renaissance Group’s Custom Homes above the rest

    Pablo Sergio and his team believe that a custom home should be truly custom—a one-of-its kind original—different from the rest. That belief, along with a... Read more

  • Rendering of Abbey Lane townhouses. (Courtesy of  Poetry Living )

    Abbey Lane Towns: Contemporary upscale townhouses in Markham

    Abbey Lane Towns are bringing contemporary townhouse living to Markham, one of the most desirable places to live in the Greater Toronto Area. The 179... Read more

  • A sold sign in front of a west-end Toronto home on May 14, 2017. Sales and prices are down while listings are way up in the latest report from the Toronto Real Estate Board. (The Canadian Press/Graeme Roy)

    Toronto Housing Market Cools, But for How Long?

    The latest readings on Toronto’s housing market show definite signs of cooling, and the culprit for the extraordinary price gains—speculative investment—seems to be taking a... Read more

  • Oleg Chekhter, founder of Improve Canada. (Courtesy of Improve Inc.)

    Improve Canada Brings Home Improvement Twist to Traditional Marketplace Concept

    An exciting new retail concept in the Greater Toronto Area makes it simple for homeowners to find everything they need for their home renovations under... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Monetary Policy Report in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Cautious as Strong Economic Growth Expected to Moderate

    OTTAWA—The Bank of Canada remained cautious on the recent strong performance in the Canadian economy and held its target for the overnight rate at 0.5... Read more

  • A Stafford Home living room. (Courtesy of Stafford Homes)

    Luxury and Location set Stafford Homes Apart

    Stafford Homes in association with The Goldman Group take pride in raising the bar for residential development in any neighbourhood they build in. Their current... Read more

  • Westwood Gardens condominium towers. (Courtesy of Collecdev)

    Fresh Take on the Modern Condo Lifestyle Comes to Vibrant Richmond Hill

    Westwood Gardens will bring a fresh, modern perspective to condominium living in Richmond Hill, offering a rich quality of life within this vibrant suburban community... Read more

  • Genesis, a palatial residence and once one of the world's priciest properties, on Hong Kong's prestigious Victoria Peak. (AP Photo/Anat Givon)

    Christie’s: Global Sales of Luxury Homes Cooled in 2016

    LOS ANGELES—Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than... Read more

  • A single-family home in Toronto. (Epoch Times)

    TREB’s Foreign Buyer, Speculation Figures Questioned

    The Toronto Real Estate Board (TREB) reported on May 3 that the total number of transactions in April slipped 3.2 percent from a year ago... Read more

  • Kleinburg Crown Estates (Courtesy of Caliber Homes)

    Chinese Homebuyers Continue Flocking to Kleinburg Crown Estates

    Kleinburg is presently one of the GTA’s best-kept secrets, rivalling areas like Yorkville and Forest Hill, but with the arrival of Kleinburg Crown Estates, it... Read more

  • A sold sign is seen in front of a west-end Toronto home on April 9, 2017. Toronto’s overheating housing market should not be an impediment to kick-starting a private-label mortgage-backed securities market, according to two mortgage industry experts. (The Canadian Press/Graeme Roy)

    Stage Set for Private Mortgage-Backed Deals in Canada

    The time is ripe for the emergence of a residential mortgage-backed securities (RMBS) market in Canada. For some, RMBS bring back nightmares of the subprime... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Bank's Monetary Policy Report, in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Anticipates Toronto Housing Market Cooling

    OTTAWA—The Bank of Canada reiterated its expectation for Toronto’s raging housing market to cool due to the effects of stricter mortgage insurance eligibility, high levels... Read more

  • A single family home in Toronto. (Epoch TImes)

    Experts Weigh in on Toronto’s Scorching Housing Market

    TORONTO—The average selling price of all homes in the Greater Toronto Area skyrocketed last month, climbing 33.2 percent from a year ago to $916,567. The... Read more

  • (Courtesy of Centra Developments)

    Vaughan Boutique Townhouse Development Promises Spaciousness and Style

    The Greater Toronto Area’s housing crunch hasn’t just resulted in a diminution of affordable houses for sale; it’s also making newer ones narrower. But a... Read more

  • Rendering of the Teahouse Condos pool. (Courtesy of Lanterra Developments)

    From Architecture to Amenities, Lanterra has Redefined Urban Living

    When Mark Mandelbaum and Barry Fenton formed Lanterra Developments in 1999, they had a vision to create condominium buildings that would raise the bar for... Read more

  • A real estate sold sign hangs in front of a west-end Toronto property on Nov. 4, 2016. Prices in Ontario’s capital city continue to surge higher as the housing inventory dwindles. (The Canadian Press/Graeme Roy)

    Toronto’s Housing Market Can Learn From Vancouver’s Experience

    Recent data show Toronto’s housing market is heading down the same dangerous road Vancouver’s was on. While analysts agree the situation is improving in Vancouver,... Read more

  • Celebrating the strategic partnership of Toronto’s recently-rebranded Milborne Group and Miami-based Pordes Residential are (l-r) South Florida developers Manuel Grosskopf, President, Château Group; Edgardo Defortuna, President, Fortune International Group; Hunter Milborne, CEO, Milborne Group and Mark Pordes, President Pordes Residential. The brokerage firms are representing two luxury Greater Miami area properties, FENDI CHÂTEAU Residences and The Ritz-Carlton Residences, Sunny Isles Beach, Miami. 
(Arthur Mola)

    Miami Brokerage Woos Wealthy Canadian Buyers

    Top Toronto brokerage Milborne Group and Miami’s Pordes Residential have formed a strategic partnership to sell South Florida luxury real estate to wealthy Canadians. Their... Read more

  • Rendering of  The Peak Condos at Emerald City. (Courtesy Elad Canada, Inc.)

    The Peak Takes Emerald City to New Heights

    The name of the latest condo building at Emerald City, Elad Canada’s master-planned community at Sheppard Ave E. and Don Mills Rd., carries a double... Read more

  • Steve Gupta, president and CEO of The Gupta Group. (Courtesy The Gupta Group)

    Steve Gupta is a Vaughan Visionary

    Steve Gupta recognized the potential of Vaughan early on. More than a decade ago, the president and CEO of The Gupta Group and Easton’s Group... Read more

  • Penn Station, New York, circa 1911. (Public domain)

    The Grand Gateway in Waiting: Envisioning the New-Old Penn Station

    NEW YORK—Nostalgia and heartbreak for the original Pennsylvania Station has persisted since it was destroyed over half a century ago. The beauty of that beaux-arts... Read more

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