Business

Fed Upgrades Economy, Concerned About Falling Inflation

Fed chairwoman Janet Yellen speaks on Dec. 17, 2014 in Washington, DC. Her next press conference as head of the FOMC takes place on March 18. (Alex Wong/Getty Images)
Fed chairwoman Janet Yellen speaks on Dec. 17, 2014 in Washington, DC. Her next press conference as head of the FOMC takes place on March 18. (Alex Wong/Getty Images)

The Fed upgraded its assessment of the U.S. economy and labour market on Wednesday, but noted that falling inflation is a key concern and the...

Companies

Facebook’s Profit, Revenue Beat Expectations

NEW YORK—For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices. The world’s biggest online social …... Read More


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  • FILE - In this Wednesday, Oct. 8, 2014, file photo, a street sign for Wall Street hangs near the New York Stock Exchange. Global stock markets rose Tuesday, Jan. 20, 2015, and Shanghai rebounded from a dramatic dive the day before, after China's economic slowdown in the fourth quarter wasn't as sharp as feared and amid speculation that the European Central Bank will take steps to stimulate the economy. (AP Photo/Mark Lennihan, File)

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    NEW YORK—A mix of downbeat corporate and economic news pulled the stock market lower Tuesday, as health-care companies and housing stocks fell. Johnson & Johnson... Read more

  • People walk past an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 20, 2015. Asian stock markets rose Tuesday, and Shanghai rebounded from a dramatic dive the day before, after China's economic slowdown in the fourth quarter wasn't as sharp as feared. Japan's Nikkei 225 rose 1.5 percent to 17,265.40. (AP Photo/Eugene Hoshiko)

    Global Stocks Rise, Shanghai Rebounds From Monday Crash

    LONDON—Global stock markets rose Tuesday and Shanghai rebounded from a dramatic dive the day before, after China’s economic slowdown in the fourth quarter wasn’t as... Read more

  • (Shutterstock*)

    Dividend Outlook for 2015

    Video Transcript Jeremy Glaser: For Morningstar, I’m Jeremy Glaser. I’m joined today by Josh Peters. He is the editor of Morningstar DividendInvestor newsletter and also... Read more

  • A man exchanges money at a currency exchange office on the Champs Elysees in Paris on Jan. 6, 2015. Long a symbol of American economic might, the rising dollar is denting the earnings of US companies that operate overseas. (AP Photo/Christophe Ena)

    Buck Up, Profits Down: High Dollar Dents US Company Earnings

    WASHINGTON—The victims vary: Fast-food colossus McDonald’s. Technology giant Oracle. Medical device maker Cooper Cos. The culprit’s the same: A surging U.S. dollar. A symbol of... Read more

  • Specialist Charles Solomon works at his post on the floor of the New York Stock Exchange on Dec. 5, 2014. Oil’s slump didn’t just hit the stock market, but it shook up the junk bond market too. High-yield bonds are on track for their worst monthly performance in a year and a half after investors dumped risky securities issued by energy companies. (AP Photo/Richard Drew)

    Oil-Company Rally Snaps 5-Day Losing Streak

    NEW YORK—A surge in oil and gas companies pulled the stock market out of a five-day slump on Friday, as the price of crude swung... Read more

  • A man scratches his head passing by a sign at an exchange office in Moscow, Russia, Thursday, Jan. 15, 2015, showing the exchange rates of the ruble against the US dollar, top, and the euro. It's widely expected that Standard & Poor's will issue it's "Junk" rating for Russia later this week. (AP Photo/Ivan Sekretarev)

    Moody’s Investors Service Cuts Russian Government’s Bond Rating

    LOS ANGELES—Moody’s Investors Service has cut its rating on Russian government bonds one step closer to “junk” status. Several agencies have cut Russia’s credit rating... Read more

  • Money traders work in front of screens indicating the U.S. dollar is traded at 116.266 yen while the euro is at 135,132 yen at a foreign exchange brokerage in Tokyo Friday, Jan. 16, 2015. Asian stocks were sharply lower Friday after a surprise move by the Swiss National Bank to abandon its efforts to keep its currency artificially cheap shocked the market. Japan’s Nikkei 225 dropped 2.8 percent to 16,628.06 while South Korea’s Kospi fell 1.2 percent to 1,891.04. The dollar fell to 115.983 yen from 116.207 yen while the euro rose to $1.1634 from $1.1619. (AP Photo/Koji Sasahara)

    Wall Street Stocks Turn Higher in Afternoon Trading

    NEW YORK—Oil and gas companies fueled a rise in U.S. stocks Friday, setting up the market for its first gain in more than a week... Read more

  • A general view of Bank of America is seen in Washington, D.C., Dec. 30, 2014. (Jim Watson/AFP/Getty Images)

    Bank of America, Citigroup, Other Companies Weak Results Weigh on Stocks

    NEW YORK—Disappointing results from Bank of America, Citigroup and other companies nudged the stock market lower Thursday. Target rose after the retailer announced plans to... Read more

  • The central area of Songdo International Business District in Incheon, South Korea. (IFEZ)

    South Korea Will Hold Real Estate and Investment Expo

    To cope with the recent wave of real estate and business investment migration in South Korea, the “E-Invest Korea 2015 Real Estate Investment and Migration... Read more

  • Porte Cochere at 5959 Yonge. (Ghods Builders)

    Ghods Builders’ 5959 Yonge: Beyond the Comforts of Home

    Yes, today’s condo units may be well planned, but they are small. We are told we will love our new condo lifestyle because we don’t... Read more

  • RXR Realty CEO and Vice-Chairman of The Port Authority of New York & New Jersey Scott Rechler, Attorney General of New York State Eric Schneiderman, and Wharton & Garrison LLP Partner Meredith Kane at the 119th Annual REBNY Banquet in New York on Jan. 15, 2015. (Benjamin Chasteen/Epoch Times)

    NYC’s Real Estate Players Network at 119th Annual REBNY Banquet

    NEW YORK—Around 2,300 of the city’s most prominent real estate industry movers and shakers attended the 119th Annual REBNY Cocktail Party and Banquet on Thursday,... Read more

  • A Manhattan view from the Empire State Building in New York on July 1, 2014. (Samira Bouaou/Epoch Times)

    Blogger Nikolai Fedak on Saying Yes to New Development

    New York is a city full of skyscrapers, landmarks, over 300 neighborhoods, varied landscapes, experimental architecture, and iconic buildings. Each has its own set of... Read more

  • Manhattan views from the 27-foot-6-inch x 25-foot-7-inch great room, in the penthouse on the 33rd floor of 325 LEX . (Credit: Evan Joseph)

    Lexington Avenue Penthouse Asking $8.5 Million

    NEW YORK—The penthouse at the top of 325 LEX in Midtown has 1,136 square feet of private outdoor terrace, views of the Empire State Building... Read more

  • A rendering of the game room at The Charles, a luxury condominium tower made up of entirely full floor and multifloor residences on the Upper East Side. The game room is being designed to attract children and adults of all ages. (Williams New York)

    Attracting Families With Amenities Aimed at the Youngest Tenants

    NEW YORK—Children’s playrooms have become an increasingly popular amenity with developers over the last decade. Hundreds of new buildings have them, and for some families... Read more

  • Empire’s Wyndance estate in Uxbridge will have 125 homes. (Empire Communities)

    A Big Year Ahead for Empire Communities

    Empire Communities has a full slate of developments across the GTA and beyond as it heads into 2015. None is more mammoth, mind you, than... Read more

  • Aerial view of Manhattan looking south over Central Park on July 1, 2007, in New York City. (Stan Honda/AFP/Getty Images)

    Luxury Market Sales Expand More Than Overall NYC Market in Q4 2014

    NEW YORK—The strength of the condominium market and higher closing prices in the luxury segment drove up the average sales prices in Manhattan in the... Read more

  • Greenwich Village in New York, May 3. (Petr Svab/Epoch Times)

    Culture’s Role in the Rise and Fall of New York Neighborhoods

    New York City was already polarized by the time I returned in the late 1970s. The polar extremes back then were represented in popular culture... Read more

  • A four bedroom, four bathroom, full floor residence at The Charles at 1355 First Avenue, between 72nd AND 73rd streets, on the Upper East Side. Asking prices for the five remaining full-floor homes in the 31-story building start at $6,583,500. (Benjamin Chasteen/Epoch Times)

    Full-Floor Residences Only: Upper East Side’s the Charles Sets Luxury Development Trend

    NEW YORK—Gracious four-bedroom, four-bathroom residences with opulent living areas, floor-to-ceiling windows, exquisite finishes and hardware, and panoramic city views are among the hallmarks of elegance... Read more

  • Rendering of the private terrace outside a premium tower residence (17B) at One Riverside Park on Manhattan’s Upper West Side. (Credit: Extell Development Company)

    A Look Inside One Riverside’s Premium Residences

    Expansive terraces designed with entertaining in mind, private inset pools, a double-height living spaces across half and full floor layouts, are among the opulent luxuries... Read more

  • Beacon Condos will be a 35-storey tower with 274 residences, all with balconies. It will be a green building, with occupancy sensors in common areas to reduce electricity costs, energy-efficient lighting, water-wise fixtures and appliances, and low-VOC paints and finishes. (Sorbara Development Group)

    Beacon Condos Draws Buyers to North York City Centre

    As the snow begins to blow and the cold winds start to howl, it’s comforting to know that Beacon Condos, a new project by Sorbara... Read more

  • A rendering of the exterior of The Continental Park in Elmhurst, Queens. Developers are working with the co-op to add a private pond, a footbridge, a landscaped garden, and several seating areas at the building entrance. (The Continental Park)

    The Continental Park in Elmhurst Attracts Attention

    NEW YORK—A large co-op redevelopment in Queens has attracted overwhelming interest from prospective buyers desirous of its conveniences, such as quality finishings and in-house laundry,... Read more

  • A home for sale in Quincy, Mass., on July 10, 2014. Freddie Mac reports on average US mortgage rates for the week on Thursday, Oct. 16, 2014. (AP Photo/Michael Dwyer)

    Freddie Mac Loan Evictions on Pause for the Holidays

    Looking to bring some holiday relief to families in foreclosure, Freddie Mac is placing a moratorium on evictions from Wednesday, Dec. 17, 2014 through Jan... Read more

  • The 39th floor of the Pierre Hotel at the southeast corner of Central Park on East 61st, spans 4,786 square feet, and costs $500,000-a-month. (Michael Weinstein)

    See What You Get for $500,000/Month in NYC

    NEW YORK—The 39th floor of the Pierre Hotel is the most expensive residential rental in New York City. The six-bedroom, six-and-a-half bathroom apartment, at the... Read more

  • The dining area in the model three-bedroom, half floor, unit at One57. (Marco Ricca)

    (PHOTOS) Inside a Model Three-Bedroom Unit at One57

    Extell Development has released photos of a $27 million unit model three-bedroom, half floor unit, at One57. Interior designer Jamie Drake outfitted the unit (58B),... Read more

  • Toronto housing is one regional market that could be overvalued by roughly 20 percent, according to the IMF. (Epoch Times)

    Canadian Housing Roughly 10% Overvalued, Says IMF

    OTTAWA—The International Monetary Fund (IMF) issued a warning Wednesday, Nov. 26, that a hot housing market and mounting household debt represent key domestic risks to... Read more

  • The new development will be called the “Renny” in recognition of the former Harlem landmark. (Rendering Courtesy: BRP Development Corporation)

    Harlem Renaissance Ballroom Site to Become Luxury Apartments

    The Renaissance Ballroom site in northern Harlem is going to become a mixed-use development with more than 130 residential units, 17,500 square feet of retail space,... Read more

  • The exterior of Biyu at The Colours of Emerald City, a 13-storey mid-rise building that will have suites ranging from 506 square feet to 1,265 square feet with nine-foot ceilings, laminate flooring in principal rooms, and a choice of broadloom in the bedrooms. (Emerald City Developments)

    Emerald City Brings Big Changes to Don Mills and Sheppard

    Barbara Lawlor has been thrilled to witness the birth of ELAD Canada’s Emerald City. “It’s incredibly exciting to watch a new community come alive,” says... Read more

  • Tom Cruise's Telluride, Colo., home is on the market for $59 million. (Courtesy of Sotheby's International Realty)

    Tom Cruise Lists Mountain Estate in Telluride, Colorado for $59 Million

    Tom Cruise is looking to sell his estate in the mountains outside Telluride, Colorado, for $59 million, because he doesn’t have time to use the... Read more


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