Finance
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A market with no inventory where ‘cash is becoming king again’: How a decadelong surge in North Carolina’s housing market exploded in 2020
North Carolina’s low cost of living and high quality of life have brought homebuyers to the Tar Heel State for much of...
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These are the bankers, lawyers, and capital providers behind a $50 billion SPAC boom
One of Wall Street’s most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such...
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Morgan Stanley’s bond-trading bonanza — Payments tech salaries — Fannie Mae shakeup
Happy Saturday! Big bank earnings season was in full swing this week. From top execs laying out the rationale behind dealmaking to...
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How private equity titan Robert F. Smith became involved in a scheme that hid $43 million of taxes from the IRS over nearly a decade
Authorities say billionaire Robert F. Smith used an offshore trust to conceal $200 million that he earned from his first private equity...
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405Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.
Alex Wong / Getty Images Warren Buffett invested $5 billion in Bank of America in August 2011, providing a crucial vote of...
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Read the full letter private equity titan Robert F. Smith sent to investors about his $139 million tax evasion settlement
Robert F. Smith’s Vista Equity Partners this week paid $139 million to settle a federal investigation into his taxes. In a letter...
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Understanding the way compound interest works is key to building wealth or avoiding crushing debt. Here’s how to make it work for you
Compound interest occurs when previously earned interest is added to the principal amount invested or borrowed. It is commonly described as “interest...
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How this company saved thousands of flowers during the pandemic
COVID-19 crippled the wedding industry, canceling events across the country. Vendors like floral design company Sweet Root Village, which lost 80% of...
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Advertising and PR giant Dentsu is the latest corporate tenant to cast off glitzy NYC offices as more companies rethink their footprints
Dentsu is seeking to sublease a glitzy new office space it leased late last year on Manhattan’s West Side. The move is...
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Ghost kitchens are pitching themselves as the future of restaurants. These are the 15 companies in the space that you need to know.
With the pandemic increasing the amount of food delivery and hurting restaurants’ bottom lines, buzzy ghost kitchens see an opportunity to grow. ...