Business

Nasdaq Tops 5000, Highest Close of the Century

In this March 9, 2000 file photo, Charles Molineaux delivers a live broadcast from the Nasdaq MarketSite, showing that the Nasdaq composite index soared to its first close above 5,000, in New York. After fifteen long years, the Nasdaq is close to topping its all-time high of 5,048.62, set on March 10, 2000. (AP Photo/Stuart Ramson, File)
In this March 9, 2000 file photo, Charles Molineaux delivers a live broadcast from the Nasdaq MarketSite, showing that the Nasdaq composite index soared to its first close above 5,000, in New York. After fifteen long years, the Nasdaq is close to topping its all-time high of 5,048.62, set on March 10, 2000. (AP Photo/Stuart Ramson, File)

NEW YORK—For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000. Major U.S. indexes rose...


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  • Traders work on the floor of the New York Stock Exchange on February 6, 2015, in New York. Wall Street stocks moved mostly higher on February 6, after the January US employment report showed strong job and wage gains. (Jewel Samad/AFP/Getty Images)

    Wall Street Indices Rise on Technology, Energy Stock Gains

    NEW YORK—Stocks rose Thursday as technology and energy stocks notched gains. Cisco Systems was the biggest gainer in the technology sector after reporting better-than-expected earnings... Read more

  • Traders work on the floor at the New York Stock Exchange in New York, Monday, Feb. 9, 2015. (AP Photo/Seth Wenig)

    Wall Street Stocks Close Lower on Weak China Data, Greece Worries

    NEW YORK—U.S. stocks are closing lower on weak Chinese trade data and more worries about Greece’s finances. The Dow Jones industrial average fell 95 points,... Read more

  • The Marketing Corner: Driving Consistency

    Most Americans have a favorite restaurant. It’s their go-to in a pinch when they don’t want surprises or for special occasions. The bottom-line on these... Read more

  • Stocks advanced modestly in early trading Friday, adding to the mammoth gains already posted this week, as investors cheered data that showed employers hired more Americans and employee wages are growing. (AP Photo/Richard Drew)

    Wall Street Stocks Rise Slightly on Strong Jobs Data

    LONDON—U.S. stocks advanced modestly in early trading Friday, adding to the mammoth gains already posted this week, as investors cheered data that showed employers hired... Read more

  • Health care stocks were leading early gains in U.S. trading Thursday, Feb. 5, 2015, while the energy sector also rose as the price of oil recovered from a stumble. (AP Photo/Mark Lennihan, File)

    Oil, Health Care Stocks Bolster Wall Street in Early Trading

    NEW YORK—U.S. stocks rose broadly Thursday, helped by a rebound in the price of oil and a rise in health care stocks following Pfizer’s $16... Read more

  • Wall Street Stocks Show Mixed Results to Oil Drop, Ending 4-Day Rally

    NEW YORK—U.S. stock indexes flipped between slight gains and losses on Wednesday as oil prices plunged, ending a four-day rally. Stronger profits for Disney drove... Read more

  • The Condo Store Thrives in ‘Deal-Driven Market’

    For top Toronto broker Mark Cohen, 2014 was a rather exciting year in local real estate. “It was a deal-driven market,” the managing partner of... Read more

  • Ballantry Homes Is Bullish on the GTA

    Ballantry Homes’ Mark Lawrence has full confidence that the GTA housing market will remain strong in 2015 and beyond, as Ontario reasserts its economic dominance... Read more

  • The Gowanus Canal from the Carroll Street Bridge. (Laura Cooksey/Epoch Times)

    Gowanus: A Destination Neighborhood Undergoing Rapid Transformation

    NEW YORK—Nestled between Park Slope and Carroll Gardens—two of Brooklyn’s most established, mature brownstone neighborhoods—Gowanus is a destination neighborhood in the middle of an economic... Read more

  • Rendering of Soul Condos, part of a condo and townhouse development by FRAM Building Group at Fairview Mall Drive in Toronto that will ultimately include five mid-rise buildings and townhouses, 1,000 units in all. (Cornerstone Marketing Realty)

    Cornerstone Marketing Powered By Cultural Connections

    After years of helping other companies sell condominiums, industry vet Johnson Cheng struck out on his own in 2013, partnering with protégé Shab Rajabzadeh to... Read more

  • A Toronto single-family home isn’t a good representation of Canada’s national housing market. (Epoch Times)

    Canada’s Housing Market Cooling but Not in Toronto, Vancouver

    Canada’s housing market has been cooling, led by Alberta, but Toronto and Vancouver are surging forward fuelled by lower borrowing costs. Recent trends have seen... Read more

  • Back L-R: Milborne Real Estate’s Charles Jaque, Scott Davie, Hunter Milborne, and Robert Van Every. Front L-R: Anne Lambrou, Amanda Milborne, and Cara Hirsch. (Milborne Real Estate)

    Milborne Real Estate Satisfies Condo-Hungry Market

    Hunter Milborne and his sales force settle into chairs around a table in the ballroom of the Westin Prince in North York. They’ve just received... Read more

  • Construction started in January for YC Condos, Canderel's 66-storey project at Yonge and Grenville in Toronto. The condo building will be the first in Canada to offer Samsung digital home technology. (Courtesy of Canderel)

    Canderel Goes Big With Condos in Toronto, Montreal

    The launch of construction on YC Condos during the first week of January marked the start of a busy year for Canderel. One of the... Read more

  • Kitchen at Minto Queen's Landing. (Minto Communities)

    Minto Wins Big at Home-Builder Awards

    For Minto Communities, what happens in Vegas certainly doesn’t stay in Vegas. Indeed, the company has been proudly boasting about the 19 awards it won... Read more

  • Garrison Point, located just east of Liberty Village, is a five-building project that includes a public park. (Cityzen Development Group)

    A Full Slate for Cityzen Development Group in 2015

    Sam Crignano is feeling optimistic about the year that lies ahead. The president and CEO of Cityzen Development Group will be overseeing the rollout of... Read more

  • Exterior of The Pinnacle on Adelaide, a 46-storey, 587-unit building at Adelaide and John in Toronto.
(Pinnacle International)

    Pinnacle International Prefers to Play Big

    Pinnacle International has a distinct advantage over its Toronto condo development competition, according to the firm’s vice-president of sales and marketing Anson Kwok. “We build... Read more

  • Market analyst and broker Andrew Brethour, president of PMA Brethour Realty Group. (PMA Brethour)

    PMA Brethour: Low-Rise Activity Will Increase This Year

    For the first time in nearly a decade, the GTA will see an increase in low-rise home activity this year, as builders jump the Greenbelt... Read more

  • The High Line disappears into luxury high-rise apartment buildings in New York, Wednesday, Sept. 17, 2014. The last stretch of the elevated walkway opens to the public Sunday, Sept. 21. (AP Photo/Kathy Willens)

    What to Know About your Next NYC Rental

    Last month in Part 1 of this series I outlined the considerable costs associated with getting in the door of a NYC rental. Moving costs... Read more

  • Abington House

    Think Coffee to Open New Location Near Hudson Yards

    NEW YORK—A new luxury rental tower, Abington House at the Highline in West Chelsea is getting its first retailer sometime in the next couple of... Read more

  • The Brooklyn borough of New York is shown in this April 20, 2010, aerial photo. The Manhattan skyline is in the distance. Mayor Bill de Blasio has an ambitious plan is to build or preserve 200,000 affordable units of housing over the next 10 years for lower-income New Yorkers, a staggering number that would house a population bigger than cities such as Atlanta or Minneapolis. (AP Photo/Mark Lennihan)

    What to Know About Your Next NYC Rental

    You may be surprised to learn that about 70 percent of all NYC residents rent rather than own, the exact opposite ratio of just about... Read more

  • Aerial views of housing in Calgary. (The Canadian Press/Jonathan Hayward)

    Headwinds Gather Steam Against Alberta’s Housing Market

    More signs of a housing correction in Alberta emerged this week as the real estate market continued to adjust to the price of oil hovering... 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


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