Joel Wiener’s bankruptcy culprit: Interest rates
The bankruptcy case of a massive portfolio for Joel Wiener’s Pinnacle Group is in full swing.
Pinnacle blamed the big bankruptcy on interest rates that “sky-rocketed” in recent years, Bloomberg reported. The portfolio of rent-stabilized units also ran into problems due to the 2019 change to state housing law that limited rent increases,
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Read MoreThe 'best kept secret' savings accounts for more competitive interest rates
Amid a wave of savings interest rate cuts from high street banks and building societies following the Bank of England’s latest base rate reduction, a number of challenger and specialist banks continue to dominate the best-buy tables.
These providers have remained competitive throughout recent market turbulence –
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Read MoreSocial Security June payment schedule: Here’s when recipients will get their checks
No privileges, no luxuries – Peter Buffett, son of magnate Warren Buffett, renounced his inheritance to live by his own rules
Imagine being the kid of one of the richest men in the world and deciding that money isn’t going to define your life. Sounds like a rebellious teenager’s dream, right? Well, Peter Buffett, son of investing legend Warren Buffett, actually did it.
At 19, Peter took his $90,000 inheritance,
Read MoreS&P 500 Falls 0.53% to 5939.30 — Data Talk
The S&P 500 Index is down 31.51 points or 0.53% today to 5939.30
–Largest one-day point and percentage decline since Wednesday, May 28, 2025
–Snaps a three-trading-day winning streak
–Off 3.33% from its record close of 6144.15 hit Wednesday, Feb. 19, 2025
–Up 2.71% from the Election Day close of 5782.76 on Tuesday,
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Read MoreThe Burst
Is Amazon the BEST Deal in the Market Now?
Investors with the foresight to buy Amazon stock during its May 1997 IPO have realized astonishing returns. Since its launch, Amazon stock has gained more than 125,700 percent, and it is preparing for a stock split that is likely to deliver additional returns.
However, recent events have some investors thinking that Amazon’s winning streak is over,
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Read MoreThe Ivy
Alert: 1 Leading Worldwide Broker Has 45.4% Upside
Investment Alert: Buy Interactive Brokers (IBKR) Under $75/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
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