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At that point, I could see that the problem wasn't Facebook. Those Facebook groups gave me a real writing career that has allowed me to stay afloat through single motherhood as an expat. The advice I get from Facebook groups is often better and faster than I get from the accountant I have on retainer. Sometimes, my Facebook expat network and work collide, like the time I bought a secondhand kids' bike, and the seller's husband became my favorite content writing client ever. AdvertisementIf I moved again, I'd join a few Facebook local groups with the word "expat."
Persons: , I'd, He'd, Nicola Prentis, I'm, cutie, Tobey, hadn't Organizations: Service, Business, Facebook, Cosmopolitan Locations: Istanbul, Turkish, Madrid, Spain, Girona, Barcelona, Brisbane, Australia
One strategy, known as buying "subject-to," allowed her to bypass a down payment and inherit a relatively low interest rate for her second property. According to Casey, subject-to deals aren't all that common, mostly because of a lack of understanding about how they work, even among real estate professionals. He can take that money from the escrow if she misses a mortgage payment. "I don't necessarily care about the purchase price; I care about your interest rate. I care about not having to put down a down payment, Casey continued.
Persons: Casey, , She's, that's, you've, Nyasia Casey, he's, Zeona McIntyre, Zeona McIntyre McIntyre, she's Organizations: Business Locations: New York City, Baltimore, Boulder
Read previewNyasia Casey drained nearly all her savings to acquire her first property in 2021: a $105,000 single-family home in Baltimore. AdvertisementUsing 'subject-to' financing to bypass a down payment and inherit a low interest rateWhile researching creative financing, Casey learned more and more about "subject-to loans," when the buyer takes over the existing financing. This was a major advantage for Casey, who didn't have much cash on hand when she was looking to buy her second property. Another benefit of subject-to for the buyer, especially in a high-interest-rate environment, is that they could inherit a low interest rate. In Casey's case, she inherited the seller's 4.5% rate when rates were hovering around 8%, she said.
Persons: , Casey, It's, doesn't, Nyasia Casey, he's, that's, you've Organizations: Service, Business, Housing Authority, Baltimore City, YouTube Locations: Baltimore, New York City
And these short sellers pile up on top of each other with their biased opinions," Capablanca said. But because of the increased number of short sellers, a stock can blow past that and remain elevated over multiple days. So even if the market seems dead, nothing is there to trade, they will force a trade," Capablanca said. This rule helped him avoid Vivos Therapeutics (VVOS), a stock that many short sellers he knew tried to short. Such an outcome could lead to a continued elevated price, driving short sellers out for weeks, he said.
Persons: David Capablanca, lockdowns, Capablanca, it's, POL Organizations: Capablanca, Guardian, Yahoo, Traders, Therapeutics, Yahoo Finance, shorting C4 Therapeutics
The CFP National Championship tickets are fetching an average of nearly $3,000 each, data shows. The Michigan vs. Washington game has the costliest ticket average since 2017. Tickets on SeatGeek cost over $44,000 in one section. AdvertisementMany fans attending the Football Playoff National Championship likely paid a pretty penny to see the Huskies and the Wolverines face off. A win by Michigan or Washington will be the first time either team has won a national title since the 1990s.
Persons: , SeatGeek Organizations: Washington, Service, Football, Huskies, Wolverines, Axios, Business, CFP, Michigan Locations: Michigan, Axios . Michigan, Washington, Alabama, Georgia
Nov 28 (Reuters) - Chinese artificial intelligence software developer SenseTime Group (0020.HK) said on Tuesday that a short-seller report by Grizzly Research LLC is 'without merit' and will review the allegations against the company. Earlier on Tuesday, the short-seller's report alleged the AI firm was artificially inflating revenue through revenue fabrication schemes. Shares of the company fell as much as 9.7% to trade at HK$1.30 per dollar, hitting its lowest since last November. Reporting by Archishma Iyer in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Archishma Iyer, Nivedita Organizations: SenseTime, HK, Grizzly Research, Thomson Locations: Bengaluru
Activity is now at a 13-year low as rising borrowing costs take their toll on the US housing market. Mortgage rates have cleared 7.5% this year, driven higher by the Federal Reserve’s war on inflation. AdvertisementThe spike in mortgage rates dragged on the US housing market once again last month, as activity plunged to a 13-year low even as prices ticked up. Soaring mortgage rates, driven to their highest level since the turn of the century by the Federal Reserve's war on inflation, have fueled the housing-market slowdown. As a result, existing homeowners have opted to cling to the historically low mortgage rates they locked in over the last 15 years rather than move house.
Persons: , Freddie Mac, Lawrence Yun, Yun Organizations: National Association of Realtors, Federal, Service, Biden Administration, NAR
Legendary short seller Jim Chanos, who has decided to convert his hedge funds to a family office after nearly four decades, said he remains a firm believer in short-selling in this era of rampant corporate wrongdoings. In his final message to investors, the short seller best known for his bet against Enron before its bankruptcy in 2001, said there are still more than enough short opportunities for investors. Chanos has also bet against Tesla and Coinbase in recent years, but these positions turned out to be volatile and tough at times. The founder of Chanos & Co. said Coinbase runs an unsustainable model as it makes money from increased commission rates for retail investors. "It is no secret that the long/short equity business model has come under pressure and interest in fundamental stock pickers has waned," Chanos wrote in the letter.
Persons: Jim Chanos, Chanos, , Tesla, Coinbase, — CNBC's Scott Wapner Organizations: Enron, Digital Realty Trust, Big Tech, Chanos, Wall Street Locations: China
Adani has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. India's Supreme Court is also overseeing the market regulator's probe of Hindenburg's allegations. If India's Supreme Court allows the agency's latest request, it would then need to seek an order from Singapore's Court of Appeal to release the material. The Singapore court declined requests from Reuters last month to inspect related case documents, saying in written responses that the files were sealed. The stance adopted by Adani's companies in Singapore "created impediments" and the investigation "remains stalled", the revenue agency told India's Supreme Court in 2021 filings.
Persons: Adani, Hindenburg, Gautam Adani, Narendra Modi's, Modi, Lucien Wong, Adani's, Arpan Chaturvedi, Aditya Kalra, Sudarshan Varadhan, David Crawshaw Organizations: Adani Group, Revenue Intelligence, Adani, Adani Enterprises, Reuters, India's, Ministry of Finance, Ministry of Home Affairs, Hindenburg Research, Investigators, Singapore Attorney, Thomson Locations: India, DELHI, Singapore, Adani, Gujarat, Indonesia, SINGAPORE, Singapore's, Mumbai, New Delhi
Renown short seller Jim Chanos will be converting his hedge fund Chanos & Co., to a family office and advisory business, CNBC has learned. Chanos is moving to the family office model as the stock market has rallied in 2023. As recently as January of this year, he also had short bets on Tesla, pointing to rising competition in the electric vehicle market. You have [Chinese automaker] BYD and others just taking massive market share," Chanos said. Still, Tesla shares have rallied 90% this year as investors crowded into the so-called Magnificent 7 tech stocks.
Persons: Jim Chanos, Chanos, CNBC's Scott Wapner, Tesla Organizations: Renown, CNBC, Enron, Chanos, Wall Street Locations: China, U.S
Derrick Chou self-listed his New York City home in order to skirt real-estate agent commissions. He said he saved about $40,000, but had to deal with the "grunt work" agents usually handle. He also found himself besieged by relentless real-estate agents. It sold within the year to a buyer who also did not use a broker — a rarity in New York's competitive and inventory-starved real-estate market. Five years later, with two kids, Chou said he would work with an agent if he were to sell again.
Persons: Derrick Chou, , brokerages, Chou, it's Organizations: New, New York City, Service Locations: New York, York City, New York City
Millionaire Marcel LeBrun is building a tiny-home village in Canada, just north of the Maine border. AdvertisementAdvertisementIt's been nearly two years since 12Neighbours, a tiny-home village in Canada, welcomed its first resident. Marcel LeBrun at the 12Neighbours tiny-home village. Take a look inside the 12Neighbours tiny-home village. A resident of the 12Neighbours tiny-home village.
Persons: Millionaire Marcel LeBrun, , Marcel LeBrun, LeBrun, " LeBrun, 12Neighbours, Marcel LeBrun LeBrun, Marcel LeBrun Every, Randy, Mark Osborne didn't, Marcel LeBrun Samantha Seymour, Marcel LeBrun 12Neighbours, who've, we're, Seymour Organizations: Residents, Service, Fraser Institute, Brunswick, Marcel LeBrun Village, Canadian Broadcasting Company, CBC, New, New Brunswick Housing Locations: Canada, Maine, Fredericton , New Brunswick, Maine , New Brunswick, Fredericton , New, New Brunswick, overpriced, 12Neighbours
A jury found Tuesday that real-estate agents and brokerages kept their commissions artifically high. The verdict, she added, is "a wake-up call for real-estate agents." The seller might no longer pay out both agents' commissions after the sale closes. Currently, home sellers often list their properties for higher sums because they expect to pay broker fees. AdvertisementAdvertisement"NAR and corporate real-estate companies have had a stranglehold on real-estate commissions for too long," the plaintiffs' lawyer, Michael Ketchmark, said outside the courtroom Tuesday, according to the Journal.
Persons: brokerages, , Sissy Lappin, James Rodriguez, Rodriguez, Bernstein, Keller Williams, Michael Ketchmark Organizations: Service, National Association of Realtors, NAR, Wall Street, Keller, Keller Williams Realty Locations: Houston , Texas, Midwest
Lordstown Motors logo and decreasing stock graph are seen in this illustration taken, May 2, 2023. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns for $10.2 million. LAS Capital, majority-owned by Burns, will acquire Lordstown's intellectual property, business records, and machinery including assembly lines for electric vehicle motors and batteries. The sale does not include any rights to pursue legal claims against Lordstown's directors, officers or equity owners, which will remain with the bankrupt company, Lordstown Motors' attorney David Turetsky said at the court hearing. Several investor groups have already brought claims against Lordstown and its directors, alleging that the electric truck startup misled consumers and investors about its ability to ramp up electric vehicle production.
Persons: Dado, Stephen Burns, Burns, Mary Walrath, David Turetsky, Apple's, Jennifer Madden, Madden, Foxconn, Lordstown, Lordstown's, Julio Rodriguez, Dietrich Knauth, Alexia Garamfalvi, David Evans Organizations: REUTERS, Lordstown Motors, LAS Capital, Lordstown, Hai Precision Industry, LAS, U.S . Department of Transportation, Foxconn, Capital, Thomson Locations: Wilmington , Delaware, Delaware, Taiwan's, Lordstown, Ohio
Combs helps Warren Buffett manage Berkshire Hathaway's vast portfolio of stocks and other investments, and serves as CEO of Berkshire-owned Geico. He compared digging into a company to detective work, and underlined the value of having a short seller's eye when analyzing businesses. (Exploring different fields and taking risks is a great way to make your mistakes early and find your passion, Combs said.) If your dream is to make it to manager and you're perfectly fine there, that's pretty much where you're going to stop. (Berkshire doesn't short but Combs finds his short-selling skills help him identify companies' weaknesses.)
Persons: Todd Combs, Combs, Warren, , Warren Buffett, didn't, You've, you've, Steve, Charlie, Tom Brady, Steph Curry Organizations: Berkshire Hathaway, Service Locations: Berkshire, Warren
SummaryCompanies Cuts annual profit forecastSuspends dividendsShares fall to record lowOct 12 (Reuters) - Mobico's (MCG.L) shares fell by a third to a record low on Thursday after the British transport company cut its annual profit forecast and suspended dividends, as high costs hit the group's efforts to improve profitability. The company, which changed its name from National Express to Mobico earlier this year, said it was planning to sell its North America school bus business in early 2024 to cut debt. The company was hit hard during the pandemic as lockdowns restricted travel and governments had to support transport operators. Mobico's school bus business in North America has faced high costs and labour shortages. "The profit warning just goes to show it takes more than a name change to prompt a recovery in a company's fortunes," Mould added.
Persons: Russ Mould, AJ Bell, Mobico, Mould, Radhika Anilkumar, Nivedita Bhattacharjee, Miral Fahmy, Sharon Singleton, Jane Merriman Organizations: National Express, North America, U.S, Stagecoach, Thomson Locations: British, North America, Britain, Europe, North Africa, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Jose real estate is a 'strong' seller's market, says Coldwell Banker Realty's Anna FineColdwell Banker Realty's Anna Fine joins 'Power Lunch' to discuss the rebounding of the San Jose real estate market, the relationship between the stock market and its buyers, and more.
Persons: Anna Fine Organizations: San, Anna Fine Coldwell Locations: San Jose
Albuquerque real estate is a seller's market, says Tracy Venturi
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlbuquerque real estate is a seller's market, says Tracy VenturiTracy Venturi, Owner of Venturi Realty Group of Real Broker, joins 'Power Lunch' to discuss rising home prices in the Albuquerque real estate market, what's behind its popularity, and more.
Persons: Tracy Venturi Tracy Venturi Organizations: Venturi Realty, Real Locations: Albuquerque
Marketplace Pulse reported in February that Amazon sellers are paying as much as 50% of their revenue to Amazon in fees, a point that is echoed in the FTC's suit. "Amazon also recognizes that sellers believe 'that it has become more difficult over time to be profitable on Amazon,'" the FTC filing reads. According to the filing, Amazon's ads reach 96% of Americans between the ages of 25 and 54 each month. "According to an internal Amazon study, Amazon's sellers live 'in constant fear' of Amazon arbitrarily interfering with their ability to sell on Amazon, which 'put[s] their businesses and livelihoods at risk,'" the complaint reads. "When Amazon detects elsewhere online a product that is cheaper than a seller's offer for the same product on Amazon, Amazon punishes that seller," it reads.
Persons: David Zapolsky, Zapolsky, Nessie, Douglas Farrar Organizations: Federal Trade Commission, FTC, Marketplace, Amazon, Amazon Prime
As of September 2023, the average 30-year fixed mortgage rate sits just above 7%. San Diego-based real estate investor Kent He, for example, owns three investment properties and financed his latest one with a 2.5% interest rate. Here are the creative financing strategies He and other investors are using to get lower rates and, consequently, lower mortgage payments. Courtesy of Zeona McIntyreThe big benefit for the buyer, especially in today's high-interest-rate environment, is that they could inherit a low interest rate. "I have sold some homes that went $50,000 to $100,000 over what the market rate would be because they're able to give this low interest rate and low down payment," she said.
Persons: Kent, Zeona McIntyre, McIntyre, She's Locations: San Diego, Boulder
We waived the inspection contingencies in our offers, but we still scheduled pre-offer inspections. Not only did we bring extra cash toward a low appraisal, but we made our earnest money non-refundable. But having low appraisal money in the double digits definitely gave us a leg up. We made our earnest money non-refundableEarnest money is a percentage of your down payment that you make upfront, sort of like a safety deposit. Our earnest money deposit was $10,000, and we marked on our offer letter that we forfeited our earnest money.
Persons: I've Organizations: Service Locations: Wall, Silicon
SAM FIORANI, PRODUCTION FORECASTER AT AUTO FORECAST SOLUTIONS:"This is more of a symbolic strike than an actual damaging one ... DEMOCRATIC U.S. REPRESENTATIVE ELISSA SLOTKIN OF MICHIGAN:"I'm looking forward to joining our auto workers on the picket line this weekend. DONALD TRUMP, FORMER U.S. PRESIDENT:"The all Electric (car) is a disaster for both the United Auto Workers and the American Consumer. The targeted strike is intended to give UAW flexibility strike fund duration." SUZANNE CLARK, CEO OF US CHAMBER OF COMMERCE"The UAW strike and indeed the 'summer of strikes' is the natural result of the Biden administration's 'whole of government' approach to promoting unionization at all costs."
Persons: MARY BARRA, who's, we've, Shawn, Fain, DAN IVES, KOJI ENDO, LEE JAE, ARTHUR WHEATON, It's, ELISSA SLOTKIN, JAY TIMMONS, MONICA BOSIO, Stellantis, MARTINO, AMBROGGI, DONALD TRUMP, CHRIS MCNALLY, COLIN LANGAN, AT WELLS, PATRICK ANDERSON, JOHN MURPHY, Ford, ROBERT STREDA, DBRS, SUZANNE CLARK, Biden, Joseph White, David Shepardson, Trevor Hunnicutt, Peter Henderson, Heekyong Yang, Daniel Leussink, Giulio Piovaccari, Mehr Bedi, Medha Singh, Anne Marie Roantree, Jamie Freed, Savio D'Souza, Arun Koyyur Organizations: United Auto Workers, UAW, General Motors, Ford, Chrysler, Ford Bronco, Chevrolet, CNBC, GM, SBI, EUGENE, South, CORNELL SCHOOL, Company, DEMOCRATIC U.S, ELISSA SLOTKIN OF, NATIONAL ASSOCIATION, American Consumer, ISI, AT, Detroit, Thomson Locations: Chevrolet Colorado, Detroit, United States, ELISSA SLOTKIN OF MICHIGAN, China, Washington, San Francisco, Seoul, Tokyo, Milan, Bengaluru
TikTok Shop, the social media app's e-commerce platform, officially came out of beta in the US on Tuesday. TikTok Shop is meant to be an end-to-end shopping destination, with in-feed and live video shopping, a dedicated shop tab in the TikTok app, an affiliate marketing program, and in-app checkout. TikTok's app store filters apps according to a seller's current e-commerce platform, including Shopify, WooCommerce, BigCommerce, Magento, Salesforce Commerce Cloud, and Amazon. Being on TikTok's app store also helps third-party software providers get discovered by sellers who might want to use their products. "We love an app store because the app store is saying: this is a trustworthy provider," Hallock said.
Persons: TikTok, Rick Watson, Watson, Anne Hallock, Hallock Organizations: Shop, RMW Commerce Consulting, Partners, TikTok Locations: Salesforce
The chief executive officer of Berkshire Hathaway , with his legendary keen eye for value, thinks that bargains are rarely found in the IPO market. 'Ridiculous' commission Both Buffett and Munger have called the underwriting fees that investment banks charge for IPOs "ridiculous," saying they inflate IPO prices. Better in auction market The investment icon likens the stock market to an auction market where extraordinary bargains pop up now and again. By contrast, the IPO market resembles a negotiated deal where cheap securities are hard to come by. "In my view — you're way more likely to get incredible bargains in an auction market.
Persons: Warren Buffett, Berkshire Hathaway, Buffett, Charlie Munger, Buffett's, Munger, Goldman Sachs, Benjamin Graham, they're Organizations: Arm Holdings, Berkshire Hathaway, Oracle, Wall, Columbia University, Berkshire, BNSF Railway, Apple, Clayton Homes Locations: Omaha, Alleghany, It's
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. LAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes to drive more online sales and close a wide gap with rival Amazon . Walmart also hired another Amazon veteran, Jare' Buckley-Cox, as vice president of Walmart Fulfillment Services. Walmart is the nation's largest retailer, but it lags far behind Amazon in online market share and e-commerce sales. Walmart's annual online sales were less than one-fifth of Amazon's last year, according to Insider Intelligence.
Persons: Doug McMillon, Manish Joneja, Sellers, Jare, Buckley, Cox, John David Rainey, Amazon's Organizations: Walmart, LAS, Amazon, Wednesday, Walmart Marketplace, Joneja, eBay, Intelligence Locations: Chile, North America, U.S
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