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This CryptoPunk NFT Just Sold For $928,532 in ETH

CryptoPunks are a generative art collection, and one of the first ever applications of NFTs for digital art. There are only 10,000 Punks in existence, and some of them are thought to be lost forever. read more.....»»

Category: blogSource: benzingaNov 24th, 2021

Four Cabarrus County industrial buildings sell for more than $122M combined

The buildings, which total around 1.25 million square feet, sold for a total of $122.3 million, county real estate records show. They were sold by EQT Exeter to another entity also affiliated with EQT Exeter......»»

Category: topSource: bizjournals4 hr. 31 min. ago

Putin Denounces Ukraine"s Use Of Turkish Drones In Erdogan Call

Putin Denounces Ukraine's Use Of Turkish Drones In Erdogan Call In a Friday phone call Russian President Vladimir Putin told his Turkish counterpart Tayyip Erdogan that Ukraine is using Turkish-made drones against pro-Russia separatists in the war-torn Donbass region. Putin put the Turkish leader on notice over the "destabilizing" activity of the continued drone transfers from Turkey to Ukraine. Putin further denounced the Turkish drone usage as "destructive" and "provocative" behavior on the part of Ukrainian authorities, citing specifically that Turkish-made Bayraktar drones have increasingly turned up in the conflict. Putin is reportedly also angry that the Turkey-to-Ukraine drone and weapons pipeline is still open and going strong, according to new reports. Bayraktar TB2 drone A spokesperson for Erdogan later confirmed that the drone issue was raised, but gave no further details. A follow-up statement from Turkish Foreign Minister Mevlut Cavusoglu, however, rejected the notion that Turkey can be held responsible for the Ukrainian military's deployment of Turkish-made drones. Further at issue is that recent drone sales from Turkey have been found to be much bigger than previously disclosed, outraging the Kremlin: Turkey has sold Ukraine significantly more of the armed drones that drew a rebuke from Russia than previously disclosed, with further deals in the pipeline, Bloomberg reported.  Baykar, an arms manufacturer based in Istanbul, has sold dozens of drones to Ukraine since 2019, together with control stations and missiles, according to several officials and an executive at a Turkish defense company with close government ties. Orders for at least two dozen more drones are under way, the people said, asking not to be named due to the sensitivity of the subject.  As Reuters reviews, Turkish drones have recently become featured in a flair-up of fighting: In October, Russia accused Ukraine of destabilizing the situation after government forces used a Bayraktar TB2 drone to strike a position controlled by Russian-backed separatists. Ukraine used the Bayraktar drone "for one tidy shot" at a gun system, and since then enemy soldiers are afraid of doing duty at such systems as they understand "how this could end," Ukraine's defense minister Oleksii Reznikov said on Friday. We noted in late October that Russia began intensely investigating recent reports of Turkish attack drones being deployed for the first time in Ukraine’s eight-year civil war. The Ukrainian Armed Forces (UAF) under the command of the Kiev government claimed that the drones were used at that time in combat against ethnic Russian rebels. #Ukraine tests Turkey-made Bayraktar TB2 attack drones in the Sea Breeze-2021 military exercises. The drones are armed with MAM-C guided munitions. pic.twitter.com/fYcRz9gdNJ — Ali Özkök (@Ozkok_A) June 30, 2021 And the now confirmed Turkish drone deployments mark a dramatic escalation in the smoldering war, as it marks the involvement of NATO member Turkey in the conflict. Up to now, the United States and other NATO states have been supplying lethal weaponry through Kiev to prosecute its war against the breakaway self-declared republics of Donetsk and Luhansk. Over the past year as reports started to surface, Moscow began suggesting it could sever all military level relations and cooperation with Turkey. Turkey, for example, relies on Russia for technical support for the S-400 anti-air missile defense systems supplied a couple years ago.  Tyler Durden Sat, 12/04/2021 - 23:00.....»»

Category: blogSource: zerohedge6 hr. 31 min. ago

​​​​​​​Wall Street Firms Tell Employees To "Dress Down" As Violent Crime Rages 

​​​​​​​Wall Street Firms Tell Employees To "Dress Down" As Violent Crime Rages  As New York City political elites brag about their "urban utopia," reality shows it's nothing like that. Rather a dystopia as defunding the police and other progressive policies have resulted in a surge of violent crime. The city saw its most significant year-over-year increase in shootings and homicides in more than half a century between 2019 and 2020. Violent crime continues to plague the city today, as top Wall Street firms tell their employees to "dress down" to avoid being targeted.  Outgoing Mayor Bill de Blasio's progressive policies doomed the city as successor, Mayor-elect Eric Adams, a former police officer and Brooklyn Borough President, is expected to deal with soaring violent crime.  At the Bank of America Tower in Midtown Manhattan, senior executives have told employees to "dress down" to avoid being targeted by thieves, according to NYPost, who quoted one bank employee who spoke with On The Money. Execs told employees to avoid wearing the bank's insignia on clothing as they commute to work.  Employees have been extra cautious about potential attacks after someone recently spotted a man wielding a knife near the office building. Bank of America is not the only financial firm in Midtown and Lower Manhattan to advise employees about surging crime and how they need to take precautions to avoid becoming a victim.  Citibank has offered employees private shuttles to avoid public transportation as violent crime becomes a significant problem. The city reported a 15% increase in felony assaults in November, compared with the same period last year. Another Wall Street source told On The Money the fear of being targeted on the commute home has "been a topic of conversation on the floor frequently over the last few months." "Some people I work with have been accosted … I'd say it's becoming frequent, if not common," the source said. "There's probably a dozen incidents that I saw, or have been involved in," the person said — mostly verbal, but some physical, the person said. According to Kastle Systems today, whose electronic access systems secure office buildings in the metro area, only 28% of NYC employees are back in the office compared with 35% last month. The decline is due to the spread of the new COVID-19 variant.  Rising violent crime in the metro area could be the golden opportunity for some employees who've returned to the office but want to return to remote working status. Their excuse is that commuting to work is a life-or-death situation.  It's not just Wall Street bankers frightened about being targeted. College students are on alert after a Columbia University student was stabbed to death on Thursday.  Columbia University Student Dies in Stabbing Near Campus New York is back.... 1970s New York — zerohedge (@zerohedge) December 3, 2021 NYC is becoming a liberal hellhole where violent crime will only worsen under progressive policies. For bankers who want to dress down, try incorporating the 'homeless' clothing line sold by elite clothing brands (Gucci makes $900 pair of sneakers that look like someone pulled them out of a garbage can).  Tyler Durden Sat, 12/04/2021 - 17:00.....»»

Category: personnelSource: nyt15 hr. 31 min. ago

Next10, INC. Record-Breaking November 2021 - $3.3 Million

LAS VEGAS, Dec. 3, 2021 /PRNewswire/ -- Next10, Inc. dba Ultimate Holdings Corporation, (OTC:NXTN), ("UHC"), is thrilled to announce that during the month of November 2021, UHC's subsidiary, Ultimate Logistics, LLC, had a record-breaking November exceeding $3.3 Million Dollars in gross revenue. This is the highest gross revenue month for Ultimate Logistics, LLC since their inception. The company is on track to exceed $30 million dollars in gross revenue for 2021, which is a 50% increase over 2020's gross revenue.   In preparation for new semi-tractors being purchased, UHC sold used semi-tractors at a considerable profit during November, which was instrumental in the record-breaking month. By December 31, 2021, UHC will have added 19 new tractors and 11 – 53' refrigerated trailers  to their fleet. UHC will have more than 95 newer model semi-tractors ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzinga17 hr. 46 min. ago

How an invite-only club helps people with a net worth of at least $100 million manage their wealth in a socially responsible way

R360 is an invite-only networking and investment club for the uber-rich. A three-year membership costs $180,000. R360 managing partner Michael Cole (left) and founder Charlie Garcia (right).R360 R360 is an invite-only club for individuals with a net worth of $100 million or more.  The Denver-based club offers access to investment opportunities and exclusive getaways.  Its founder and managing partner told Insider that members want to become "responsible stewards." There's rich and then there's uber-rich. R360, a Denver-based invite-only investment and networking club caters to people in the latter category.There are three things people need to do to become members of the club, which launched this year, its founder Charlie Garcia and managing partner Michael Cole told Insider. First, they must have attained a net worth of $100 million or more. Second, participants must be able to afford a three-year fee of $180,000. And third, they must meet the strict requirements set out by a membership committee, who always get the final say."We are very focused that they align with our purpose and most importantly, our values," Garcia said. The purpose of R360 is to create an "oasis" for these high-net-worth individuals and their families to flourish, according to Garcia. The core values of the group include honor, entrepreneurial grip, curiosity, and generosity of spirit, he added.Essentially, the goal of the club is for members is to become knowledgeable across six kinds of capital: financial, intellectual, spiritual, human, emotional, and social.Both Garcia and Cole said they have been involved in working with wealthy families for decades and found common ground with them all, inspiring the evolution of R360. When people achieve a wealth of $100 million or more, "the issues they face, the concerns they have, the risks they worry about and their opportunities are just frankly unique than someone of lesser wealth," Cole said. A lot of those individuals grew up very poor or were very lower-middle class, according to Garcia. "They had an entrepreneurial gene and a fear of being poor. The one thing they didn't want is to have their families experience what they experienced," he said.Many go on to achieve great wealth due to this mentality and when they do so, become "immigrants to the land of great wealth," Garcia said. "They want to make sure that they're responsible stewards and that they raise socially responsible children," he continued.  According to Cole, the uber-rich tend to feel very isolated over time, too. This is sometimes due to their lack of trust in people because they might feel like they're being "sold."As a result, Garcia said he had a keen interest in working with such individuals to help direct their ability, skills, and wealth towards a significant legacy for themselves and those around them. Members visited Necker Island in the Caribbean.Todd VanSickle/APBringing a group of like-minded individuals together in similar circumstances, where they can let down their guard and be open and vulnerable, was another reason to create the exclusive club, the pair said."These individuals have a great desire to learn from, to share with, and collaborate with people in similar circumstances to them," Cole said. Therefore, having a facilitated model that focuses on more than just making money was a gap that R360 filled. While there isn't a headquartered private space, members still receive various perks. These include access to experts at Ivy League universities and medical schools such as Harvard, Columbia, and Massachusetts Institute of Technology.Group trips to exotic locations that are "fun with a purpose" are part of the package too.In July, Cole said about 30 members went on a five-day retreat on Richard Branson's private Necker Island. There, they were treated to a lineup of influential speakers. They also played tennis with Branson and visited parts of the island that are home to endangered species. R360's key ambition is to curate a league of 1,000 of the rarest individuals to inspire and challenge future generations, Garcia said.   Read the original article on Business Insider.....»»

Category: topSource: businessinsider17 hr. 47 min. ago

A Jefferies analyst sees Tesla rising 30% in 12 months, even as Elon Musk sells stock. Here"s why he has the most bullish call on Wall Street.

Tesla could become the 'everything energy company' in the same way Amazon is the 'everything store,' according to Jefferies' Philippe Houchois. Tesla CEO Elon Musk walks in front of a Model Y image in Shanghai.Aly Song/Reuters Jefferies' Philippe Houchois has the most bullish Tesla forecast on Wall Street, seeing a 30% rise in the next 12 months. He says Tesla could eventually become the "everything energy company," in the same way Amazon is the "everything store." Houchois thinks Tesla's profit margins will stay strong, even as it takes on legacy auto rivals by releasing cheaper models. Elon Musk may be selling Tesla stock at a rapid pace — but one veteran strategist sees the share price jumping another 30% over the next 12 months and recommends that investors buy it.Philippe Houchois, autos analyst at Jefferies, has the most bullish 12-month price target on Wall Street at $1,400. That compares with Tesla's Friday morning price of $1,074.He reckons Tesla will continue to rapidly scale up production and maintain strong profit margins, even as it produces cheaper models to better compete with legacy car companies.In the future, Houchois told Insider, Tesla could even become the "everything energy company," in the same way Amazon is the "everything store."Tesla's stock price has skyrocketed roughly 1,500% over the last two years. Investors, flush with cash from the huge coronavirus-era stimulus packages, have piled into the company, betting that it will lead the green revolution in transport.There is still an army of skeptics who say that Tesla's stock price — it's now the biggest carmaker in the world by market capitalization — is all out of proportion. Critics argue that Tesla has a long history of underdelivering, and that its market valuation is based on highly speculative predictions about future sales.Yet Houchois said: "​​The way Tesla is structured — or their strategy — is they basically challenge, at multiple levels, the way the industry operates: the way cars are designed, the way cars are sold, the software."He's been impressed with Tesla's recent results. It delivered its ninth-straight profitable quarter in the third quarter, with an operating margin (a key measure of profitability) of 14.6%, up 10 percentage points from two years earlier.Houchois pointed out that Tesla is more than twice as profitable as Volkswagen. And he sees numerous factors, including Tesla's direct-sales model, as helping preserve its strong margins.The analyst said Tesla's self-professed aim of ramping up production to 20 million cars by 2030, from an estimated 890,000 in 2021, is "outrageous" and won't happen. That said, he's willing to consider a scenario where Tesla produces more than 8 million cars by that point, giving it a roughly 10% share of the global market.Houchois, who's worked on Wall Street for more than 15 years, said Tesla's plans to produce a cheaper car would help it seize market share from older companies.The automaker has long planned a $25,000 car, which could come in 2023. But critics say Tesla's history of delays — the Roadster 2, Cybertruck, and Semi rollouts have all been pushed back — mean it's far from certain to arrive any time soon.Tesla is a clean-energy company as well as a car company, however, and Houchois said this gives it an edge in a world fast transitioning away from fossil fuels, with the two focuses complementing each other."It's almost like the way that Amazon, from a book-seller, became the 'everything store.' Then the long-term bullish story is Tesla becomes 'everything energy.'"Many others on Wall Street are far from convinced. JPMorgan analyst Ryan Brinkman, for example, has a 12-month target price of $250.He said in his last note in October that Tesla's target to deliver 20 million cars by 2030 is "extreme blue-sky" thinking. "And yet, something much more than this seems already baked into the shares, given Tesla's market capitalization today."Read more: GM and Ford are behind Tesla and nearly all their competitors in the race to go carbon neutral, a new report reveals — but the automakers have plans to change thatRead the original article on Business Insider.....»»

Category: topSource: businessinsider17 hr. 47 min. ago

The Upshots Of The New Housing Bubble Fiasco

The Upshots Of The New Housing Bubble Fiasco Authored by MN Gordon via EconomicPrism.com, “The free market for all intents and purposes is dead in America.” - Senator Jim Bunning, September 19, 2008 House Prices Go Vertical The epic housing bubble and bust in the mid-to-late-2000s was dreadfully disruptive for many Americans.  Some never recovered.  Now the central planners have done it again… On Tuesday, the Federal Housing Finance Agency (FHFA) released its U.S. House Price Index (HPI) for September.  According to the FHFA HPI, U.S. house prices rose 18.5 percent from the third quarter of 2020 to the third quarter of 2021. By comparison, consumer prices have increased 6.2 from a year ago.  That’s running hot!  But 6.2 percent consumer price inflation is nothing.  House prices have inflated nearly 3 times as much over this same period. Here in the Los Angeles Basin, for example, things are so out of whack you have to be rich to afford a 1,200 square foot fixer upper in a modest area.  Yet the clever fellows in Washington have just the solution. Massive house price inflation has prompted the FHFA, and the government sponsored enterprises (GSEs) it regulates, Fannie Mae and Freddie Mac, to jack up the limits of government backed loans to nearly a million bucks in some areas. Specifically, the baseline conforming loan limit for 2022 will be $647,000, up nearly $100,000 from last year.  In higher cost areas, conforming loans are 150 percent of baseline – or $970,800.  What gives? If you recall, ultra-low interest rates courtesy of the Federal Reserve following the dot com bubble and bust provided the initial gas for the 2000s housing bubble.  However, the housing bubble was really inflated by Fannie Mae and Freddie Mac.  The GSEs relaxed lending standards and, thus, funneled a seemingly endless supply of credit to the mortgage market. The stated objective of these GSEs was to make housing affordable for Americans.  But their efforts did the exact opposite. The GSEs puffed up the housing bubble to a place where average Americans had no hope of ever being able to afford a place of their own.  Then, when the pool of suckers dried up, about the time rampant fraud and abuse cracked the credit market, people got destroyed. If you also recall, it wasn’t until credit markets froze over like the Alaskan tundra in late 2008 that the Fed first executed the radical monetary policies of quantitative easing (QE).  To be clear, QE had nothing to do with the last housing bubble; ultra-low interest rates and GSE intervention did the trick on their own.  QE came after. But now, in the current housing bubble incarnation, the Fed’s been buying $40 billion in mortgage backed securities per month since June 2020.  Is there any question why house prices have gone vertical over this time? The Fed is now tapering back its mortgage and treasury purchases.  This comes too little too late.  And with Fannie Mae and Freddie Mac now jacking up their conforming loan limits, house prices could really jump off the charts. We’ll have more on the current intervention efforts of these GSEs in just a moment.  But first, to fully appreciate what they are up to, we must revisit the not too distant past… Socialized Losses A moral hazard is the idea that a person or party shielded from risk will behave differently than if they were fully exposed to the risk.  A person who has automobile theft insurance, for instance, may be less careful about securing their car because the financial consequence of a stolen car would be endured by the insurance company. Financial bail-outs, of both lenders and borrowers, by governments, central bankers, or other institutions, produce moral hazards; they encourage risky lending and risky speculation in the future because borrowers and lenders believe they will not carry the full burden of losses. Do you remember the Savings and Loan crisis of the 1980s? The U.S. Government picked up the tab –  about $125 billion (a hefty amount at the time) – when over 1,000 savings and loan institutions failed.  What you may not know is the seeds of crisis were propagated by Franklin Delano Roosevelt during the Great Depression when he established the Federal Deposit Insurance Company (FDIC) and the Federal Saving and Loan Insurance Company (FSLIC). From then on, borrowers and bank lenders no longer had concern for losses – for they would be covered by the government.  The Savings and Loan crisis confirmed this, and further propagated the moral hazard culminating in the subprime lending meltdown. Obama’s big bank bailout of 2008-09 socialized the losses.  Then the Fed’s QE and ultra-low interest rates furthered the moral hazard.  These are now the origins of the current housing and mortgage market bubble…and future bust. By guaranteeing mortgage securities up to nearly $1 million in some areas the government encourages risky lending by banks and speculation by investors.  Banks are less prudent about who they loan money to because the loans will be securitized and sold to investors.  Similarly, investors speculate on these securities because they are guaranteed by the government. Once again, the government is promoting a “heads, I win…tails, you lose” milieu where banks and investors reap big profits taking on big risks and where the losses are socialized by tax payers.  It also sets the stage for massive grift… The Anatomy of a Swindler FDR – the thirty-second U.S. President – was responsible for setting up Fannie Mae.  But another FDR – Franklin Delano Raines – was responsible for running it into the ground. The son of a Seattle janitor, FDR grew up knowing what it was like to have not.  He concluded at a young age it was better to have. Yet it was while mixing with Ivy Leaguers at Harvard University and Harvard Law School where he really refined his thinking.  He came to believe the government should be responsible for supplying the have nots with tax payer sponsored philanthropy. FDR came out of school with the wide eyed ambition of a lab rat.  He was determined to sniff out his way to wealth…and once and for all, find that ever illusive cheese at the end of the maze. The first corner he peered around smelled remarkably prospective.  But he came up empty.  Three years in the Carter Administration didn’t offer the compensation he’d dreamed of. To have was better, remember.  The next corner FDR peered around was much more lucrative.  He did an 11 year stint at an investment bank. But it was in 1991 when FDR got his big break.  For it was then that he became Fannie Mae’s Vice Chairman.  And it was then that he garnered hands on access to muck with the lives of millions.  Still, he wasn’t quite sure how to go about it. To learn such tips and tricks, FDR studied one of the true masters of our time…Bill Clinton.  From 1996 to 1998, he was the Clinton Administration’s Director of the U.S. Office of Management and Budget.  There he discovered you must have a vision…a mission…a delusion that is so grand and so absurd, the world will love you for it. One evening, in the autumn of 1997, it came to him in a flash.  Staring deep into the pot of his chicken soup, just as it approached boil, he hallucinated an image of a house.  Suddenly a small part of the grey matter of his brain opened up… For where Hoover had foreseen a chicken in every pot and a car in every garage, FDR now foresaw much, much more.  A chicken and a car were not good enough.  In FDR’s world, everyone should also get a house with a pot to cook the chicken in and a garage to park the car in.  And he knew just how to give it to them. Yet best of all, FDR also knew he could become remarkably rich pawning houses to the downtrodden.  So in 1999, he returned to Fannie Mae as CEO and got to work on his master plan… Fraudulent Earnings Statements It was a pretty simple four point plan… If low interest rates make housing more affordable, then even lower interest rates make housing even more affordable. So, too, if 20 percent down put housing out of reach for some, then 10 percent down was better. And zero percent down was optimal. Similarly, if a borrower’s credit score doesn’t meet the requisite credit standard, just relax the standard. And lastly, if a borrower’s income is too low to qualify for a loan, just let them state what ever income it is that they must have to get the loan. With the ground rules in place by 1999, FDR began the pilot program that would ultimately ruin the finances of the western world.  It involved issuing bank loans to low to moderate income earners, and to ease credit requirements on loans that Fannie Mae purchased from banks. FDR promoted the program stating that it would allow consumers who were, “A notch below what our current underwriting has required,” get a home. Here’s how it worked… Banks made loans to people to buy houses they really couldn’t afford.  Fannie Mae bought the bad loans and bundled them together with good ones as mortgage backed securities.  Wall Street then bought these mortgage backed securities, rated them AAA, and then sold them the world over…taking a nice cut for their services. FDR had a heavy hand in the action too.  By overstating earnings, and shifting losses, he pocketed the large bonuses a janitor’s son could only dream of.  According to a September 19, 2008 article by Jonah Goldberg, titled, Washington Brewed the Poison, FDR “…made $52 million of his $90 million compensation package thanks in part to fraudulent earnings statements.” Efforts to reform the scheme were stopped by the Democrats in Congress, who weren’t ready to give up the gravy train of money that flowed from Fannie Mae to their campaigns.   “Barack Obama, the Senate’s second-greatest recipient of donations from Fannie and Freddie after [Christopher] Dodd, did nothing.” Now, just 13 years later, Fannie Mae and Freddie Mac are at it again… Here We Go Again On June 23, 2021, in Collins v. Yellen, the Supreme Court decided the President could remove the FHFA director without cause.  The next day, President Biden replaced Trump’s director of the FHFA, Mark Calabria, with a temporary appointment. FHFA, as noted above, regulates government-backed housing lenders Fannie Mae and Freddie Mac.  Prior to getting his pink slip, Calabria had been working to reduce the harm these GSEs could do to the economy. Biden’s replacement immediately reversed course, reinstituting the social engineering policies that brought down the housing market in 2008.  Acting Director Sandra Thomas: “There is a widespread lack of affordable housing and access to credit, especially in communities of color.  It is FHFA’s duty through our regulated entities to ensure that all Americans have equal access to safe, decent, and affordable housing.”  One could mistake these words for those of Franklin Delano Raines.  Certainly, the madness it fosters will be Raines like.  The Wall Street Journal reports: “The problem the [Biden] administration sees is that housing and rental prices are too high.  The fact that the administration’s own policies have caused an inflationary trend in housing along with food, energy and gasoline, among others, is no deterrent. “[…] the administration wants people who would otherwise rent to become homeowners.  These young families would take on the risk and the burden of a mortgage, which the government—through Fannie Mae and Freddie Mac—will make much cheaper.  Investors, of course, will buy these risky mortgages from Fannie and Freddie because they are backed by the government.  “Here we go again.  The only difference between what the administration is proposing, and what brought about the 2008 financial crisis is that the economy is already in an inflationary period, induced by the administration’s other policies.  This will make homeownership even riskier.  In addition, Fannie and Freddie will be buying mortgages of up to $1 million, instead of $450,000. “But the government’s lower underwriting standards drive down standards for private lenders, too.  Banks and other mortgage lenders—if they want to stay in the business—have to offer their mortgages on similar terms.  People who own homes then dive into the market to take advantage of the low down payments, and housing prices rise even faster. This encourages cash-out mortgages, in which homeowners reduce the equity in their homes, sometimes to buy a boat.  “The process goes on for years until prices are so high that sales growth falls and homeowners can’t sell their homes to pay off their mortgages.  Housing prices then collapse, mortgages go unpaid.  Banks, other lenders, and even Fannie and Freddie incur losses and another financial crisis begins.” But wait, there’s more… The Upshots of the New Housing Bubble Fiasco House prices are already in bubble territory in many places across the county.  At these prices, who’s buying? Wall Street.  Pension funds.  BlackRock Inc.  And many, many others… Institutional investors have securitized the residential real estate market.  Hundreds of firms are competing with regular house buyers.  They’re also bidding up house prices. Invitation Homes, for example, is a publicly traded company that was spun off from BlackRock in 2017.  Invitation Homes gets billion dollar loans at interest rates around 1.4 percent – about half the rate of what regular house buyers get.  Often times they just pay in cash. According to a recent SEC disclosure, Invitation Homes’ portfolio of houses is worth $16 billion.  The company collects about $1.9 billion in rent per year.  Thus it takes only about eight years of rental payments to pay back a typical house that Invitation Homes has bought. Invitation Homes now owns over 80,000 rental houses and has a market capitalization of $24.6 billion.  The company has deep pockets.  Regular house buyers cannot compete. No doubt, this is an ugly situation.  The ugliness hasn’t been created by institutional investors.  They’re merely scratching for yield in a world where capital markets have been destroyed by the Fed.  Of course, there’s no situation that’s too ugly for Washington to not make even uglier. According to a recent White House fact sheet: “As supply constraints have intensified, large investors have stepped up their real-estate purchases, including of single-family homes in urban and suburban areas. […].  Large investor purchases of single-family homes and conversion into rental properties speeds the transition of neighborhoods from homeownership to rental and drives up home prices for lower cost homes, making it harder for aspiring first-time and first-generation home buyers, among others, to buy a home. […] “President Biden is committed to using every tool available in government to produce more affordable housing supply as quickly as possible, and to make supply available to families in need of affordable, quality housing – rather than to large investors.” This logic validates FHFA jacking up the limits for conforming loans.  Indeed, the clever fellows in Washington want to make housing more affordable by allowing more and more people to take on massive subsidized mortgages.  The logic makes perfect sense…so long as you have the intelligence of a box of rocks. We all know where this goes.  We all know where this leads. First time house buyers, competing with institutional investors, will use the government’s relaxed lending standards to chase prices higher and higher.  Then, once the mortgage market is sufficiently riddled with fraud and corruption and tens of millions of Americans are tied into loans they cannot repay, the impossible will happen… House prices will go down! …along with the hopes and dreams of those that got sucked into this wickedness. Sandra Thomas will be flummoxed.  Congress will socialize the losses once again.  And populace rage will be channeled into some new Occupy Wall Street movement.  Then things will really get ugly. These – and many more – are the upshots of the new housing bubble fiasco. Tyler Durden Sat, 12/04/2021 - 09:20.....»»

Category: smallbizSource: nyt19 hr. 31 min. ago

Here are the highest-priced Phoenix-area luxury homes sold in October

October was yet another big month for luxury real estate sales in the Valley, with the top-selling home selling for $21.5 million. Click to see inside two of the most expensive residences to sell during the month......»»

Category: topSource: bizjournalsDec 4th, 2021

Report: Oahu condos sold at record pace in November

Single-family homes were on the market for a median of 12 days, while condos were on the market for a median of 10 – a record low......»»

Category: topSource: bizjournalsDec 4th, 2021

Evil Is The Root Of All (Fiat) Money

Evil Is The Root Of All (Fiat) Money Authored by Egon von Greyerz via GoldSwitzerland.com, “So you think that money is the root of all evil. Have you ever asked what is the root of all money?” -Ayn Rand Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary principles, mostly backed by gold or silver. Since 1913 and especially 1971 there is no discipline and no morals when it comes to the issuing of money as unlimited amounts of fake fiat money is printed at will. In today’s fiat money world, there is only one answer to Rand’s question “What is the root of all money?”, namely: “Evil is the root of all fiat money.” – Egon von Greyerz On the IMF (International Monetary Fund) website there is an article stating that “Money is something that holds its value” – Hmmm….. The meeting of bankers and politicians on Jekyll Island in November 1910 laid the foundations for the Federal Reserve Bank. Three years later in 1913 the Fed was founded. From that moment on, private bankers were running the US monetary system including the printing of money. But the British pound, backed by gold until 1931, was the global currency of choice until then. CURRENCY SYSTEMS ARE EPHEMERAL The Bretton Woods Agreement in 1944 established a new currency system based on the dollar. From that time, all major currencies were pegged to the US dollar and the dollar itself was pegged to gold at $35 per ounce. The dollar thus became the world’s reserve currency bolstered by big gold reserves. These were accumulated gradually from the early 1900s to the late 1940s. The US received payment in gold during WWII from its sales of arms and other supplies. As the chart below shows, the gold holdings grew from virtually nothing in the early 1900s to 22,000 metric tonnes by 1947. Over the following 25 years, 14,000 tonnes were sold and the US gold reserves are now alleged to be 8,000 tonnes. The 14,000 tonnes sold would today be worth a handsome $840 billion which certainly would have been useful in propping up the ailing finances of the US treasury. Most of the US gold was sold at a measly $35 per oz which tells that the US made an opportunity loss of $794 billion. And the people in charge of the Treasury and the Fed are supposed to be money experts. This tells us again that they don’t understand gold and they don’t understand history. They clearly don’t understand money either. Still they are only hired hands and temporary custodians of US gold and the US finances and never have to directly suffer the consequences of their actions. As Ayn Rand said: “You can avoid reality, but you cannot avoid the consequences of avoiding reality.” In the current era of the golden calf and instant gratification, no leader, politician, central banker or commercial banker ever has to suffer the consequences of his own actions. Profits are always privatised and losses, without fail, socialised. Whatever deficits or debts a President or Prime Minister causes, the consequences when he retires are fees in the millions for just selling his name. And the bankers continue to collect their bonuses and options whatever losses they incur. So most of these individuals don’t ever have to bear the consequences of their actions. Instead normal people bear the consequences through taxes and decreasing benefits like pensions, healthcare and a much lower standard of living. US – 90 YEARS OF DEFICITS Since 1930, the US government has had budget deficits every year, except a couple of years in the 1950s and 1960s. The Clinton surpluses were fake due to false accounting. So for 90 years, the most powerful economic power in the world has been living on borrowed money and borrowed time. The consequences are blatant and for most people to see, if they care to look. But their government won’t tell them and the media is too ignorant to understand it. Probably not even 1% of Americans understand that their leaders and bankers are destroying their money on a daily basis. How many Americans would understand that since 1971 their US dollar has lost 98% of its purchasing power? Virtually nobody realises that the dollar only buys 2% of what it bought in 1971. And what did President Nixon tell his American compatriots in 1971 when he took away the gold backing of the dollar: “THE EFFECT OF TODAY’S ACTION will be to stabilise the dollar.” A DOLLAR FALL OF 98% SO FAR – ANOTHER 100% TO GO Hmmmmmm! The chart below shows how the dollar was stabilised. A 98% fall of the dollar doesn’t look very stable to me. Instead it looks chaotic and catastrophic! US DEFICITS ARE GROWING EXPONENTIALLY Back in 2016 when Trump was elected I forecast that the US debt would be $28 trillion at the beginning of the next presidential period in early 2021.  Few forecasters predicted an $8 trillion increase for the period after Obama. But I am no genius. The trick was easy. Just look at history. Since Reagan became president in 1981, US debt has on average doubled every 8 years. A simple extrapolation meant $28 trillion debt at the halfway stage and $40 trillion in 2025. But as the table shows below, I have now revised my forecast and am projecting $50 trillion by 2025. The US government is currently spending $7 trillion annually but the tax revenue is ONLY $4 trillion. So there is a neat annual deficit of a mere $3 trillion or 43% of the US budget. How can anyone believe that the US can repay a debt of currently $29 trillion and rising to $50 trillion with an annual deficit of $3 trillion – a deficit which is rising exponentially. The simple answer is that they never will repay it. Instead it will increase uncontrollably. As I said at the beginning of the article – Evil is the root of all fiat money as a 50 fold increase in the US debt since 1981 can only be achieved through corrupt means. And don’t believe that the Fed will really taper the $120 billion a month that they are printing. They have declared a $15 billion tampering programme but that is a FAKE TAPER as my colleague Matt Piepenburg wrote about. As expected they are cooking the books, giving with one hand and taking back with the other one – Plus ça change….. (the more it changes, the more it stays the same).  COVID – YET ANOTHER VARIANT WITH OMICRON So now the world has yet another Covid variant. It seems as every time Covid recedes another variant is invented appears. European countries are starting to lock down again. In the UK there were initially only 2 cases of the Omicron variant. Still, based on those 2 cases Switzerland implemented a 10 day quarantine for UK visitors and more countries are likely to follow. At this point, nobody knows the severity of the Omicron variant but still countries are locking down. It is believed that Omicron has around 32 mutations and that current vaccines might not be effective. So now Big Pharma will come up with a new vaccine to be taken in addition to boosters and normal annual flu vaccines. It is a wonderful position  for Big Pharma to be both expert advisor and beneficiary of Covid. The billions and trillions will keep rolling in. CONSEQUENCES We are not medical experts (there seems to be few impartial ones around) but we do understand the economic CONSEQUENCES. In September 2019, major central banks gave the signal that they “would do what it takes” to keep the financial system afloat. Covid which officially arrived early in 2020 was of course the most perfect excuse for starting yet another massive programme of unlimited money printing. Some people even believe that it was started deliberately but that could hardly be possible?? Whatever the severity of new Covid variants, it is crystal clear that the world will suffer economically, financially as well as socially. In other words, all these additional problems are landing on a world which is morally and financially bankrupt. All the king’s soldiers and all the king’s printed money will not put this Humpty Dumpty world together again. A PERFECT RECIPE FOR DISASTER Let’s look at the ingredients: Global debt of $300 trillion growing exponentially – it was $100t in 2000 Rapidly increasing deficits in most major and developing economies $1.5t+ derivatives which will be worthless when counterparties fail An Epic Everything bubble in all asset classes – Stocks, Bonds, Property An asset bubble which will implode since it is based on fake money Social and Moral decadence No statesmen as leader in any Western country – so no chance of rescue A flu of relatively modest proportions which will lock down the world for a 3rd year A financial system which is on the verge of collapse Inflation which will lead to hyperinflation Fiat Money of ZERO value which is created hand over fist A currency system which will lose 100% from here as history tells us The above factors are the inevitable consequences of a financial and currency system that was doomed to fail when it was first devised by a few bankers on Jekyll Island in 1910. As I said at the beginning of the article – Evil is the root of all fiat money! Greed is a cardinal sin and the bankers and politicians at Jekyll Island were definitely clear of the consequences of their actions. With more than 100 years of reaping the benefits and creating extraordinary fortunes for a few, they needn’t worry. But the rest of the world, that just has debt and no savings, is in for an extended period of misery. It is clearly very appropriate that the decision to take control of the money took place on Jekyll Island. If we look up the meaning of Jekyll we find: “A person with very different sides to their personality – one good and the other EVIL”! Clearly the appearance that the Fed would like to project to the world is the goodness of being the guardian and saviour of the financial system. The purpose agreed at Jekyll Island was the EVIL purpose to take control of the monetary system for the benefit of the private bankers who would own and control the Fed. MANY OF THE BEST THINGS IN LIFE ARE FREE I don’t like being a Cassandra predicting doom and gloom that few will believe. But these are the consequences that history teaches us time and time again. But sadly everyone thinks it is different today. Since every currency system in history has collapsed, it is quite a certain bet that this one will too. For the few who have savings, wealth preservation in physical gold and silver is essential as insurance against yet another failed currency and financial system. And for everybody it is important to remember that the most important things in life are family and friends. Helping others in difficult times is critical. Remember also that many wonderful things in life are free, conversations, books, music and nature. Tyler Durden Fri, 12/03/2021 - 21:40.....»»

Category: blogSource: zerohedgeDec 4th, 2021

The 4 best resistance bands for building strength and muscle rehabilitation

Whether you're building muscle or rehabbing an injury, these are our top tested picks for resistance bands with handles, resistance loop bands & more. Prices are accurate at the time of publication. Resistance bands are as effective as free weights at building muscle and strength. The best resistance bands won't snap, roll, or irritate your skin, and come as a set for more choices. Our top pick, TheraBands, are latex-free, highly versatile, and won't snap over time. Resistance bands are an incredibly diverse and affordable addition to your home gym set-up. They can be used therapeutically for muscle rehab and stability training, or in lieu of dumbbells for serious strength building."There are literally thousands of exercises you can do with a resistance band, with the band placed in numerous patterns around the body," Keaton Ray, PT, DPT, CSCS, physical therapist and co-founder of MovementX, Inc in Portland, OR tells Insider. As a certified barre and mat pilates instructor myself, I've tested a lot of resistance bands to help challenge and build muscle. And studies show they really do work for building strength and mass (more in that in our FAQ section, below). Different types play toward specific goals and movements — looped bands and fabric bands provide resistance for more restrictive movements (clam shells, glute bridges), while the more versatile resistance bands with handles rival the work dumbbells do for compound movements (bicep curls, rows, lunges). We also prefer a resistance band set for more versatility.At the end of this guide, I lay out what types of resistance bands there are, how to use resistance bands, and everything you should consider when buying one. Until then, here are our top picks among the many resistance bands I've tested.The best resistance bands:Best resistance bands overall: TheraBandBest resistance loop bands: Fluidity Best fabric resistance band: Sweat The TechniqueBest resistance bands with handles: SPRI Total Body Resistance KitBest resistance bands overallTheraBand resistance band set is ideal for both rehabilitation and strength building.KBYC photography/ShutterstockTheraBand Non-Latex Resistance Bands are super versatile for both therapeutic use as well as strength training, and they're thin and lightweight enough to take anywhere.Pros: Latex-free, lightweight, extremely versatile in function, inexpensive, resistance band setCons: Not super heavy resistanceTheraBands were my first experience with resistance bands and I've never looked back. Incredibly thin and lightweight while somehow maintaining their strength and durability, this resistance band set does an excellent job helping you develop muscle strength.I've used them around my thighs during squats and between my arms while working my triceps, but the possibilities (and potential muscle groups) are virtually endless.Rather than being permanently looped, TheraBands are one straight piece of latex-free rubber, which makes them highly versatile. You can still tie the band together to make it a looped band, or grip it or wrap it around your hands to use it like a resistance band with handles. There are also eight levels of resistance to choose from, and this set comes with the three mid-level weights, which offers you a range of lighter therapeutic work to strength building. Whether you're making your barre workout just a bit harder or using them for some quick HIIT moves, TheraBands do the trick. That said, if you're looking for serious resistance, you may need something a bit heftier.They're also highly durable — while they look as though they'll snap at any moment, I've had mine for years and they're only just starting to show small tears. My old gym also used these, and despite constant usage by hundreds of clients, the TheraBands withstood the test. They're also latex-free, which is great for folks with allergies or sensitivities. They're highly portable and fit in a small, included carrying case, making them great for travel. --Lulu Chang$17.39 FROM AMAZON$17.39 FROM WALMARTBest resistance loop bandsFluidity resistance loop bands are ideal for short ranges of motion.FluidityFluidity bands are durably looped for building strength on small range-of-motion movements, and made with natural latex, which is gentle on the skin and eco-friendly.Pros: Eco-friendly, non-toxic, durableCons: Individually sold, only three levels of resistance available, no travel bagResistance loop bands are ideal to provide strength-building or rehabilitation-level resistance on smaller ranges of motion, like looping them around your quads to build strength during clamshells or during squats to keep your knees tracking outward. They're also a great addition to your warm-up routine as they help provide low-weight activation to your muscles during moves like with lat pulls and crab walks.Fluidity resistance loop bands are one of the most durable resistance bands I've found. They're made of 100% natural rubber latex, which is a non-toxic and eco-friendly material. As a certified Barre instructor, I have encountered several scenarios where students reacted to the synthetic latex in most bands, but natural latex is much more sensitive on the skin. The bands are also 60 inches by 6 inches, which makes it a great option for any rehab or stretching exercises you may want to perform. These resistance loop bands are sold individually and you have three resistance levels to choose from. This is nice if you have a separate pack you're looking for a single addition to, but I do wish Fluidity sold a pack of all three for more versatile use. That being said, the resistance levels are well-balanced; when I tested this out on the lightest Fluidity flat band, I estimated the resistance to be anywhere between 8-10lbs. $12.00 FROM FLUIDITYBest fabric resistance bandsSweat The Technique makes durable, reliable fabric resistance bands great for glute exercises.Sweat The TechniqueThe Sweat The Technique Ultimate Booty Band Set is made of fabric so they won't stretch over time and fit a wide range of body sizes, and I loved the strength of these bands and the fun colors.Pros: Washable, durable, fit a range of bodies, resistance band setCons: Limited range of motion making them not ideal for all workouts, contain latex, no washing/care instructionsFabric resistance bands are great as they take much longer to stretch out over time compared to rubber bands, and they won't snap in half. Fabric resistance bands are also washable so they're easy to clean, they don't curl up like rubber resistance bands, and they fit a wide range of body types comfortably.Since fabric bands are stronger than latex bands, they also offer more resistance. That means they're less ideal for warm-ups or therapeutic use, but they're an excellent option for shorter ranges of movement like squats or hydrants. I like Sweat The Technique's fabric bands in particular because, for starters, they're a female- and Black-owned company. What's more, when I tested these over bare legs and over workout pants, I was pleasantly surprised the bands didn't move at all during the workout. Unlike with other bands, I didn't have to fidget with or adjust them. But made from a spandex, polyester and latex blend, they still have enough give to make them easy to get on and off.You can buy just a single band or a full resistance band set. I like the Ultimate Booty Band Set, which comes with a medium and heavy option in a sleek travel bag; however, I do wish this set came with a light and an extra heavy option to better accommodate progression over time. The brand does offer the Long Power Band Set, which has more resistance options. However, these are longer and more ideal for stretching, powerlifting, or pull-ups, and less ideal for glute work, which is what most people want a highly-resistant fabric band for.  Best resistance bands with handlesSPRI Total Body is one of our favorite resistance band sets and the best resistance bands with handles we’ve found.SPRIThe SPRI Total Body Resistance Kit comes with five levels of resistance up to ultra heavy, and includes accessories like ankle straps and door attachments, making it an incredible value for about the price of a single dumbbell.Pros: Super versatile, comes with multiple attachments, durable productCons: Handled resistance bands can be a bit confusing if you are a beginner Working out with resistance bands can build similar strength gains to resistance training with free weights, reports a 2019 study in SAGE Open Medicine The SPRI Total Resistance Band Kit includes five bands that range from very light to ultra heavy. I found this spectrum to be incredibly diverse and helpful when I used them to workout, and a great deal for the price. The set also comes with two handles, one ankle strap, and one door attachment, adding to the diversity of what moves you can do with this equipment.Obviously, it can be a little annoying to stop the flow of your workout to swap the handles onto a new resistance band, so you do have to be a little more strategic about pairing exercises that require similar weights. But considering all this kit comes with, it has great value. That's especially true if you want to add some strength training to your current workout regime but don't want to invest in a pricey set of dumbbells.$29.98 FROM SPRI$29.98 FROM AMAZONWhat else we consideredAlyssa Powell/Business InsiderWhat else we recommendPure Energy Fitness Kit ($68): Although I did like this kit, it was too expensive for me to recommend to the average reader. However, it does come with ankle weights (which probably contributes to the higher price), and it's made with natural latex and free of other problematic materials like PVC, BPA, and lead phthalates. What we don't recommendGymbandit ($14): I love the colors of these bands and the variety of resistance strengths, but they curled up during my workouts and the lighter resistance bands started to tear after a few sessions with clients.How I testedAs a certified barre and mat pilates instructor, I tested out several resistance bands during my weekly barre and workout sessions with clients. I also incorporated these bands into my own at home workouts. Specifically, I looked at: Durability of the band: The best resistance band won't snap or tear with time and will offer the same amount of resistance, use after use. Scalability with your training: A resistance band set should progress with you and your workouts, so it's smart to look for bands that offer a variety of resistance levels. Comfort during a workout: A lot of flimsy resistance bands will curl around your legs or ankles during a workout, which can be annoying. I prioritize bands that stayed flat and in place, and those that didn't irritate my skin or rubbed against it too much with movement.Affordability: At the end of the day, we're looking to make an investment and to avoid having to replace bands several times during the year.What to look for in a resistance band setWhen shopping for bands you are going to have a couple of options depending on the style of workout you are looking to perform. You will first need to consider if you want a latex or fabric band, these options typically come as a loop band. Latex bands can be beneficial if you are looking to perform a variety of moves because they are less restrictive. You can get a wider range of motion with these bands. For example tricep extensions should be performed with a latex band instead of a fabric band. If you are looking to do shorter ranges of motion like squats or squat tap outs a loop band is more ideal. Another thing to consider is if you prefer bands with interchangeable handles or fixed handles. Interchangeable handles allow you to change the resistance so you can tack on additional weight either by adding more resistance or switching your handles to a band that offers more resistance. Bands with interchangeable handles can become complicated especially when you are crunched for time and looking to squeeze a quick workout. If more time permits this is an excellent option for adding to your cardio routine or working out at home. Bands with handles also allow you to mimic some moves that are performed on weight machines at the gym like a lat pull down.Take into consideration the level of resistance for either rehabilitation, muscle activation, or strength building. Rehabilitation centers around stability training. For this, you want bands that are light enough, don't cause any pain, and let you control your movement, Dr. Ray explains. If a band provides too much resistance, you won't be able to achieve a full range of motion in the exercise you are performing, she adds.If you're looking to build mass or strength though, you'll want heavier resistance and a few different options so you can progress resistance levels. While going too heavy too soon can cause injuries and muscle imbalances, not using enough resistance also won't build muscle effectively. For weightlifters, Dr. Ray suggests incorporating light-to-medium bands into your warm up and cool down. This will help to activate stabilizing muscles which in return will provide a safer and more productive weightlifting session. The thickness of a band is also an important consideration especially if you are looking to build strength in your workout routine. I have noticed the thicker the band, the higher the resistance. I have also discovered that many bands that are marketed as heavy or extra heavy are actually not very thick, and that nearly always translates to poorer resistance. Lastly, is the price point. If you are looking to stay within a specific price range, opting for a single durable band with more versatility (like a band with handles or a flat band) might be a better choice in comparison to one single loop band. FAQsDo resistance bands really work?Yes, resistance bands work to both build strength back slowly after an injury, and, for weight lifters, to build strength as effectively as dumbbells. Dr. Ray adds resistance bands help add load to movements (aka, weight beyond just body weight), which research shows helps build muscle. "For example, a squat with a theraband around your knees is much more effective at building muscle and stability than a side-lying clamshell or leg lift," she explains.Dr. Ray also points out that because resistance bands are so low impact, they're a great way to start strength training for the first time. This is also what makes them ideal for rehabilitating from an injury or specifically targeting deep stabilizing muscles on a recovery day. Of course, for the most well-rounded functional fitness, you want to challenge your muscles in different ways, so you should also use dumbbells, kettlebells, barbells, to build strength in addition to band exercises. What types of resistance bands are there?There are several types of resistance bands that include:Figure 8 bands: Ideal for strengthening your arms, chest, shoulders, and back with either single arm and double arm workouts. It can also be used for a total body workout as well as focusing on your lower body with leg and glute exercises. Loop bands: These bands are great for activating muscle groups which help to improve muscle balance, control, and stability by simply waking up under-active muscles. Therapy bands: Therapy bands are good for rehabilitating muscles and offering a lighter resistance when dealing with an injury. Mini Resistance bands: These are smaller loop bands ideal for traveling, keeping in your gym or a set at the office. Also a great option for those that like to workout when far away from home. Ring bands: Can be used for stretching and/or intensifying a workout by utilizing the rings in the band. Lateral bands: Padded ankle cuffs connected to a resistance tube provides additional resistance when doing lateral conditioning exercises. Fabric bands: These bands are made from fabric and often include a strip of non-slip material which helps keep them in place. Excellent for short ranges of movement.Pull up bands: This type of band can help you achieve a pull-up. How do beginners use resistance bands?Resistance bands are ideal for building strength in beginners to resistance training since they tend to be much safer than free weights. Start by using a lighter band and work your way up to heavier resistances over time. If the resistance starts to get too comfortable, it's time to increase the resistance. Aim to switch your bands every month or sooner. As your strength increases, opt for a heavier band or add more repetitions to an exercise. Dr. Ray suggests starting with 3 sets of 10 repetitions of any exercise. If these are too hard, you need a lighter resistance band. If they're easy, grab a heavier one.A few moves you can try to get you started include a high plank with leg lift (modification come down to your knees and perform the leg lift one side at a time), modified side plank with leg lifts and fire hydrants. Where should resistance bands be placed? This depends on what muscle groups you are working. If you want to target your glutes, for example, place the band around your legs just above your knees; then, perform squats or lateral tap outs. This helps provide control and resistance when you lower into the squat. You can also loop the bands around your forearms or above your elbows to provide resistance to your upper body, or around your ankles for lower body exercises."You can get creative with where you place the band on your body, or you can anchor it to the wall," Dr. Ray adds. Looping a band around an anchored bar or handle, like a door handle at home or a squat rig at the gym, is another way to provide resistance.Are resistance bands good for therapy?One of the most common use for resistance bands is for rehabilitation or muscle therapy. During rehab, you need to start contracting muscle tissue and moving your joints through gentle ranges of motion. This helps to lower inflammation, increase blood flow, and stimulate healing, Dr. Ray explains.Light resistance bands are very helpful here, since they're very gentle on your body but allow your muscle fubers to work against gentle force and begin the slow process of regrowing muscle fibers.By the end stage of tissue recovery, you'll start to progress away from resistance bands and begin loading tissues with heavier weights that more closely mimic activities such as carrying heavy groceries or lifting your children. This should always be done under the direction of a physical therapist so you don't damage your tissue, muscles, and joints further.How often should you use resistance bands? Use resistance bands at the same frequency you would dumbbells or any other form of weight. Like with any workout, it's a good idea to allow your body to rest in between each session if you are working the entire body.Another option is alternating between the upper and lower body a few times a week. This allows the muscle fibers to rebuild and become stronger without causing harm. Read the original article on Business Insider.....»»

Category: smallbizSource: nytDec 3rd, 2021

DiDi Global (DIDI) to Exit U.S. Exchange, List in Hong Kong

DiDi Global (DIDI) plans to delist from NYSE, five months after its massive IPO. DiDi Global’s DIDI tenure as a U.S.-listed company turned out to be rather short. Barely five months after its debut as a publicly-traded company in the U.S. stock market, this Beijing-based ride-hailing giant announced its decision to get delisted from the New York stock exchange and pursue a listing in Hong Kong.Per the press release, DIDI’s board authorized its management to undertake necessary procedures and file the relevant application(s) for delisting its ADSs from the New York Stock Exchange. At the same time, it is to be ensured that ADSs get converted into freely tradable shares of DiDi Global on another internationally recognized stock exchange. The board also authorized DIDI to pursue a listing of its class A ordinary shares on the Main Board of the Hong Kong Stock Exchange.The decision to pull out of the New York Stock Exchange and shift to Hong Kong is probably due to the crackdown by Chinese regulators on firms including DiDi Global on issues regarding cybersecurity as China aims to tighten its control over internet data to safeguard national security.DiDi Global went ahead with its U.S. IPO on Jun 30, ignoring requests by the Chinese regulators to put the same on hold. We remind investors that DIDI had raised $4.4 billion from its U.S. IPO. However, the stock lost value after the Cyberspace Administration of China ordered the removal of its app (Didi Chuxing) from the country’s app stores following its IPO.The internet controller of China attributed this decision to detecting some grave issues that emanated from Didi Global's usage of customers' personal information. The crackdown by the Chine regulatory authorities wiped off billions of dollars of DIDI’s valuation.DiDi Global’s latest move to delist in the United States implies that it finally gave in to the demands of China and bowed to its governmental pressures. Significantly, the Chinese government had opposed DIDI’s decision to trade publicly in the U.S. stock market.DiDi Global is known as the “Uber of China”. DIDI bought Uber’s UBER China operations in 2016. Uber went public in the United States in May 2019. UBER’s IPO price was $45. During the process, UBER issued and sold 180 million shares of its common stock.Despite worries over the newer variants of coronavirus, Uber’s mobility business is improving. In October, Mobility gross bookings crossed $44 billion annual run rate, reflecting a rise of 14% month over month. This accounts for an 85% recovery from the October 2019 (pre-pandemic) levels. UBER expects total gross bookings to be $25-$26 billion in the fourth quarter, indicating 46-52% growth from the prior-year reported number.Another prominent ride-hailing company in the United States is Lyft LYFT. LYFT made its trading debut on the Nasdaq in March 2019. Its IPO price was $72 a share.Lyft's performance improved sequentially over the last few quarters, courtesy of the recovery in ride volumes. LYFT’s forecast for the fourth quarter of 2021 is encouraging. Revenues for the period are expected to rise 63-65% from the year-earlier reported figure. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DiDi Global Inc. Sponsored ADR (DIDI): Get Free Report Lyft, Inc. (LYFT): Free Stock Analysis Report Uber Technologies, Inc. (UBER): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

The Margin: Tesla’s $1,900 ‘Cyberquad’ EV for kids sold out, restocked and sold out again

The all-electric ATV was inspired by Tesla's Cybertruck.....»»

Category: topSource: marketwatchDec 3rd, 2021

Nasdaq Composite loses perch at 15,000 as stock-market benchmark falls to 7-week low

The Nasdaq Composite was facing a fresh selloff Friday, capping a tumultuous week for the benchmark, as investors sold technology and technology-related shares, amid growing concerns that higher borrowing costs are in store for the U.S. economy. The Nasdaq Composite was trading 2.6% lower at 14,979, falling below 15,000 for the first time since Oct. 15, FactSet data show. The decline for the index comes amid a broader decline in the S&P 500 index and the Dow Jones Industrial Average , after a weaker-than-expected November jobs report was seen as unlikely to stay the hand of a Federal Reserve that seems intent on tamping down inflation. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatchDec 3rd, 2021

7 questions potential camper van or RV owners should ask themselves before purchasing one

The price of camper vans ranges from a few thousand dollars to hundreds of thousands of dollars, depending on the build. The Last Resort Mercedes-Benz Sprinter conversion by Advanced RV.Advanced RV Camper vans have skyrocketed in popularity throughout COVID-19. There are several routes potential owners can take, from building one yourself to purchasing prebuilt units. Here's a guide potential camper van owners should ask themselves before making the investment.  Converted camper vans have become a popular living and travel trend across the US, and skyrocketing RV sales throughout COVID-19 has proven that tiny homes on wheels are here to stay.For some, the freedom a van provides a sense of freedom and mobility that isn't possible with a traditional house. And since the start of COVID-19, the #VanLife community has expanded to include remote workers, digital nomads, travelers, minimalists, and more. The number of people who have realized their passion for tiny homes on wheels has grown to include a large community across social media: on Instagram, #VanLife currently has over 11.6 million hashtagged posts, while #campervan has over 4 million hashtagged posts.The camper van community has also been featured in the national spotlight. In March 2020, camper van conversion company Boho Vans was featured on "Shark Tank", where company owners Brett Ellenson and David Sodemann secured Barbara Corcoran's investment of $150,000 cash upfront and a $150,000 line of credit for a 10% stake.With all of this attention, it's no surprise that camper van conversion companies and RV makers have seen a surge in sales and client inquiries during the coronavirus pandemic. In June, Thor Industries — a major RV maker that owns brands like Jayco and Airstream — reported a $14.32 billion order backlog. Shortly after, Bob Martin, Thor's president and CEO, told CNBC's Jim Cramer on "Mad Money" that the company was "pretty much sold out for the next year."There are many ways to purchase a camper van, from doing it yourself to seeking help from a conversion company. Here are the seven questions you should ask yourself if you're looking to purchase your own tiny home on wheels.Why do you want a camper van?Boho Camper Van's Houston.Justin OrtonEstablishing your reasons for wanting to purchase a camper van will allow you to figure out what you want inside of your van. For example, if your plan is to live in the van from Saturday to Sunday for weekend warrior adventures, you might not need a large battery pack or water tanks.But if you plan on living in your van full-time and off-grid, your build may require a larger battery pack, solar panels, or an inverter.More importantly, clarifying why you want a camper van is important because the final product could potentially amount to a more than $100,000 investment for a custom build. If you want a camper van for an occasional annual trip, the big-ticket price might not be worth it. But if you plan on using the camper on a weekly or daily basis, or for extended periods of time, it may be."Have patience with yourself and do research in order to get comfortable and to know that it's something you want," Gianna Bachowski of Our Van Quest told Insider. "Sometimes, you have to get a little uncomfortable, so trusting in that process is important."What's your budget?Wayfarer Vans.Wayfarer VansThe big budget question also affects how you want your camper van to be converted.If your budget is in the single-digit thousands, you may want to consider doing your own conversion or purchasing a conversion kit, such as the $5,196 to $11,394 kit from Wayfarer Vans.If you want a camper van just to be able to sleep in your car, maybe owning an entirely outfitted van might not be the best choice. Lean towards options like an inflatable car tent or a bed-in-a-box instead of a converted van.And if you're just investing in a camper van because you want a full kitchen on the road, there are also kitchen units that are designed to be placed in the trunk of a car.For those who want a custom converted van, the possibilities are endless, but so is the possible price tag: some fully converted campers could eventually amount to the price of a small home.If you have a higher budget but don't want to design a custom build, several companies also offer fully converted and designed vans at a higher cost. For example, Advanced RV has an over $400,000 camper van based inside a 170-inch Mercedes-Benz Sprinter cab.For those who want a full conversion but don't want to cough up life savings, there's an in-between option. There are several companies in the market that offer less expensive non-custom conversions done in-shop. By having a set universal interior design, companies can streamline their production and material sourcing process, therefore decreasing the price of the final conversion.What van base do you want?The Last Resort Mercedes-Benz Sprinter conversion by Advanced RV.Advanced RVKnowing what vehicle base you want is important if you plan on using a van conversion company: several companies will only convert certain van models. It's important to note that some conversion companies may even require clients to supply their own van or van purchases for the conversion.Many camper vans are built on the wildly popular Mercedes-Benz Sprinter. However, the Sprinter is undeniably more expensive than a Ram ProMaster, another popular camper body.While the 2021 Mercedes-Benz Cargo Sprinter currently starts at $$36,355, the 2022 Ram ProMaster City has an MSRP of $$25,065.Several conversion companies also use the Ford Transit van as the starting base. A 2021 Ford Transit Cargo has an MSRP of $35,270.When do you want your camper to be ready?Boho Van's Encore.Micah AdamsKnowing when you want your camper to be ready to go could affect how you go about converting your van.If you plan on doing it yourself, setting a time you want to complete your conversion project by will allow you to create a week-by-week or month-by-month schedule. However, if you plan on using a company to create a custom camper, the wait could be between several months to over a year, depending on the time it takes to convert the van and the company's potential waitlist length. For example, Vansmith told Insider in May that it's normally booked two to three months in advance but spends about five to eight weeks creating its builds.A general rule of thumb is that conversion companies that work with a set interior design will be able to deliver a finished van faster than companies that focus on custom conversions.For example, Campovan spent four months on its custom Sprinter-based camper with a Japanese soaking bathtub, while Cascade Campers — which has a uniform conversion process across all of its vans — only spends three days on its builds, albeit the final product won't be to spec.What are your must-haves and things you would like?Freedom Vans' Fitz Roy build.Freedom VansIt's important to have a list of items you absolutely need, and amenities that you would like but don't consider essential. Vans are undeniably small, and it's important to plan according to the size of the space, especially since it might be difficult to fit larger items, like a toilet. Having a list of must-haves before starting the building process will allow you to design your van around items that you consider a necessity.In the end, sacrifices in the "must-have" list may have to be made, but that doesn't mean there aren't workaround alternatives. It's important to remember that what may be a "must-have" in an actual home might not be as important in a camper van. For example, an indoor and enclosed shower space may take up too much precious interior space, but if you consider a shower unit necessary, it might be worth implementing an outdoor shower instead."It is a small space, so what we try to do is figure out what kind of gear [would you] be hauling, and then what are your top gear needs, and then just get creative," co-owner of Freedom Vans, a camper van conversion company, Kyleigh Rogers told Insider. "Every person's needs are so different.""There are some compromises in the small space, but if you're willing to have more modular [design], you can fit more things in there," Rogers continued.Could any of the amenities you want play double duty? Using some creativity could help conserve space. In the end, the goal is to optimize the small van to fit as many features as you want, while still creating a space that doesn't feel cramped.For example, instead of creating a "living room" and seating area, make the passenger and driver seats swivel so they can face the interior space. Or if you find that there isn't room for a heating unit, make your diesel cooktop work double duty as a heater to warm the interior of the van, like what Campovans implemented in its custom Sprinter build.What's your preferred interior style?2020 Airstream Atlas.AirstreamIf you're looking to find a conversion company, it's important to note that different shops have different design styles. While you're creating your vision board for your own camper van, make sure you have an idea of how you want to style the interior of your van and try to find a company that best reflects this. If that's not possible, look for a conversion company that can create everything custom and from scratch.When it comes to picking a company, Rogers notes that it's important to find one that not only compliments your vision but also communicates well with you. "Even after getting the van, if you have questions about it or if something happens, you want to feel comfortable like reaching out to [the company] and talking to them about it," Rogers said.Where do you plan on taking your camper?Ready.Set.Van.Ready.Set.Van.It's important to outfit your camper according to where you may want to travel to. For example, if you plan on staying in tropical places, a heater may not be as necessary as an air conditioning unit or fans. Maybe even consider an awning so you can lounge outside your van in the shade.But for those who want to brave the winter winds in a van, extra insulation and a heater may be key.If you plan on trekking through uncharted terrains in your camper van, you might need exterior protective gear, such as a grille bar, or systems that could improve the van's handling off-road, such as better tires or a suspension lift kit.Read the original article on Business Insider.....»»

Category: dealsSource: nytDec 3rd, 2021

State Department phones were hacked with software from Israel-based company: report

NSO Group was recently blacklisted by the Biden administration amid allegations it supplied spyware to foreign governments for malicious purposes. An Israeli woman uses her iPhone in front of the building housing the Israeli NSO group, on August 28, 2016, in Herzliya, near Tel Aviv.Jack Guez/Getty Images At least nine State Dept. officials had their phones hacked with software from the NSO Group, Reuters reported. NSO Group, an Israel-based company, was recently blacklisted by the Biden administration.  An NSO spokesperson disputed the allegations, stating that the company would cooperate "with any relevant government authority." The iPhones of at least nine State Department employees were hacked using software from NSO Group, an Israel-based company that sells one of the world's most effective spyware systems, according to a new report from Reuters.The hack targeted US officials who live in or focus on Uganda, the report said, but the perpetrator of the breach is unknown. The Washington Post reported that 11 officials were alerted by Apple in recent months that their phones had been hacked with the NSO software, which is known as Pegasus. "If our investigation shall show these actions indeed happened with NSO's tools, such customer will be terminated permanently and legal actions will take place," an NSO spokesperson told Reuters. The spokesperson added that the company will "cooperate with any relevant government authority and present the full information we will have."In a statement to Insider, an NSO spokesperson said, "Once the inquiry was received, and before any investigation under our compliance policy, we have decided to immediately terminate relevant customers' access to the system, due to the severity of the allegations. To this point, we haven't received any information nor the phone numbers, nor any indication that NSO's tools were used in this case.""To clarify, the installation of our software by the customer occurs via phone numbers. As stated before, NSO's technologies are blocked from working on US (+1) numbers. Once the software is sold to the licensed customer, NSO has no way to know who the targets of the customers are, as such, we were not and could not have been aware of this case," the spokesperson added. Researchers believe Pegasus systems can break into smartphone devices via multiple routes, some of which need no action by the smartphone owner, and grant the hacker access to call records, photos, and web browser histories or even turn the phone into a listening device.A State Department spokesperson in a statement to Insider said the department could not confirm the report but added that it "takes seriously its responsibility to safeguard its information and continuously takes steps to ensure information is protected.""Like every large organization with a global presence, we closely monitor cybersecurity conditions, and are continuously updating our security posture to adapt to changing tactics by adversaries," the spokesperson added."As part of its commitment to put human rights at the center of U.S. foreign policy, the Biden-Harris Administration is taking action to stem the proliferation and misuse of digital tools used for repression. This effort is aimed at improving citizens' digital security, combating cyber threats, and mitigating unlawful surveillance," the spokesperson said, pointing to the administration's recent blacklisting of the NSO Group. Last month, the US Commerce Department blacklisted NSO and another Israeli firm, Candiru. The Israeli firms were blacklisted "based on evidence that these entities developed and supplied spyware to foreign governments that used these tools to maliciously target government officials, journalists, businesspeople, activists, academics, and embassy workers," the department said in a statement. NSO Group's spyware has allegedly targeted the smartphones of journalists and dissidents, including those close to the late Saudi journalist Jamal Khashoggi, who was murdered in a Saudi consulate in 2018.In a statement on Friday, the National Security Council said, "We have been acutely concerned that commercial spyware like NSO Group's software poses a serious counterintelligence and security risk to US personnel, which is one of the reasons why the Biden-Harris Administration has placed several companies involved in the development and proliferation of these tools on the Department of Commerce's Entity List."Apple has also sued the NSO Group for allegedly targeting and surveilling iPhone users with the Pegasus spyware. The Israeli embassy told Reuters that using spyware on US officials would represent a "severe violation" of its rules. Read the original article on Business Insider.....»»

Category: dealsSource: nytDec 3rd, 2021

Crow adding to northeast industrial portfolio with new LeHigh Valley property

Crow Holdings Industrial, the industrial development company of Crow Holdings, announced its plans to develop a new 652,080-square-foot, state-of-the-art logistics property in Ontelaunee, Pennsylvania. Construction on the project is slated to begin in December. Leasing for the property is being handled by a JLL team led by Jeff Lockard. Crow Holdings purchased... The post Crow adding to northeast industrial portfolio with new LeHigh Valley property appeared first on Real Estate Weekly. Crow Holdings Industrial, the industrial development company of Crow Holdings, announced its plans to develop a new 652,080-square-foot, state-of-the-art logistics property in Ontelaunee, Pennsylvania. Construction on the project is slated to begin in December. Leasing for the property is being handled by a JLL team led by Jeff Lockard. Crow Holdings purchased the 59.6-acre property in November 2021 from the Greater Berks Development Fund (GBDF), the economic development arm of the Greater Reading Chamber Alliance (GRCA). After acquiring the property as part of a larger parcel in 2019, GBDF worked with local authorities to rezone the site for industrial use, and subsequently sold it to Crow Holdings to facilitate the creation of this logistics facility.  “Tenant demand continues to surge, but what truly set this property apart is its incredible access to labor,” said Johanna Chervak, vice president of Crow Holdings. “We looked at several different properties in the market, and there was nothing that even approached this site’s access to the Reading labor pool via Routes 61 and 222 and  I-78. Coupled with its location in Ontelaunee — a municipality that recognizes the economic value of logistics development — this deal checks all the boxes for a successful industrial project.” The property is strategically located within the Reading market, one of the most sought-after locations for industrial development in southern Pennsylvania.  Situated less than a quarter of a mile from Route 61, it offers convenient access to every major roadway, including I-78 and Route 222. “Greater Berks Development Fund continues to play a role in identifying opportunities for growth of the Berks County economy and we are appreciative of the investment to be made by Crow Holdings,” said Dan Langdon, GRCA chairman. The Class-A logistics facility will feature a 40 ft. clear height, 182 dedicated trailer parking stalls, 124 loading docks and 4 drive-in doors. It will also feature 484 spaces for car parking. For Crow Holdings, this project — its first in the Lehigh Valley — is the most recent example of the company’s national expansion. Three years after launching its Northeast operations in 2018, the Crow Holdings team has built a development pipeline of more than 11 million square feet of industrial space in New Jersey and Pennsylvania, including Millstone 8 Logistics Center, a two-building, 1.2-million-square-foot property in Millstone, New Jersey; and Crow Holdings at Carteret, a three-building, 1.2-million-square-foot property in Carteret, New Jersey. Since 1948, Crow Holdings has been investing in the industrial sector, and has grown to become a market leader across both its institutional real estate asset management business and its development business. Over the past 22 years, Crow Holdings operating companies have developed or acquired more than 170 industrial properties with an additional 54 currently in development, representing over 115 million square feet of industrial space across the U.S. The post Crow adding to northeast industrial portfolio with new LeHigh Valley property appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklyDec 3rd, 2021

Cathie Wood"s ETF Is Unraveling

Cathie Wood's ETF Is Unraveling Cathie Wood's ARKK is sinking. Her flagship ETF, the ARK Innovation Fund, which was already having a dismal year, lagging major indices about 35%, is plunging to end the week today. Heading into the close, it's down about 6.3% and was down well below $100. On Friday, the damage got worse. Among Wood's woes were her holdings in Docusign, which by mid-day was down an astonishing 41%.   Additionally, Wood "bought the dip" by purchasing 2.1 million shares of Ginko Bioworks on Thursday, Bloomberg reported. On Friday, the stock fell by as much as 16%, at one point marking a 28% loss in just 5 days, amounting to $5 billion in value lost.  Bloomberg noted that ARKK hit some ugly technical indicators on Friday, as well. The stock's RSI plunged to 20 and saw a "trading range breakdown" according to technical analysis prepared by William Maloney, the voice of the U.S. equity squawk for Bloomberg. ETF expert Eric Balchunas put the performance in perspective on Friday. I'll zoom in just for the haters and show the since ATH returns, down 36%. That said, it's had multiple 30%+ drawdowns bf. This is what you get with high TE strategy. But for "fundamental" active mgrs saying I told you so, sorry to say your real competition is Vanguard, not ARK. pic.twitter.com/maS8R74LUt — Eric Balchunas (@EricBalchunas) December 3, 2021 Recall, we had just written at the end of November about how ARK was running headfirst into one setback after another this year. Wood's Ark Genomic Revolution ETF had been suffering outflows in November as its returns lagged, falling 27% year to date by the end of November. We noted the fund suffered about $520 million in outflows, YTD, at the time. That fund compares to the NASDAQ Biotechnology Index, which at the time was up 10.49%. ARKG currently trades at a level lower than where it was a year ago. Key components like Exact Sciences and Teladoc are down 37% and 45%, respectively, this year.   Nate Geraci, president of The ETF Store, told Bloomberg: “It’s interesting that typically loyal Ark investors have been bailing on the ETF. The fund’s assets have been chopped in half since February. While I don’t believe the ETF is experiencing some of sort of ‘doom loop,’ clearly the outflows are putting downward price pressure on the underlying holdings and testing the will of remaining fund owners.” One day after we published this article, Wood took to CNBC and, sounding like a guy standing next to the scratch off lottery ticket dispenser at your local 7-11, claimed she was "really concerned" that investors leaving her funds at the end of November were leaving on "downward momentum" and that they'd miss the next swing higher. Since then, ARKK is down about another 10%.  As a reminder, Wood called the pullback "one of the best buying periods for her strategy," Yahoo News/Bloomberg reported during the last week of November. The "asset manager" said during a webinar organized by Bloomberg Intelligence last week: “Our concern for our clients is so significant that I get really upset when I think that they’re selling at the low or the other way around is buying into the high. At the high late last year and into January and February, I was saying, ‘We’re going to have a correction, keep some powder dry, keep some powder dry.’” She also reaffirmed her allegiance to Tesla's Elon Musk, who has peeled off billions of dollars worth of stock over the past two weeks. Wood commented:  “Tesla wants to save us from ourselves – wants to save humanity. Elon Musk is so convinced that we need to change our ways in terms of transportation and the environment that he’s dedicated his life to it.” Zero Hedge contributor Quoth the Raven also wrote last week about how Tesla has been one of the sole saving graces of an otherwise laggard group of companies behind ARKK: I kept arriving at the one key question any potential investor in ARK’s Innovation Fund should be asking themselves: how have Cathie Wood’s returns been, without the help of Tesla? After all, Tesla is only one component in an ETF that holds dozens of names. You can find the full list here. Over the last year, the market has started to understand why asking about Wood’s other positions is such an important question. What should be worrisome to Wood’s investors is not only that her flagship fund has vastly underperformed the major market indexes YTD, but also that it has done so while her flagship ETF component, Tesla - weighted at a monstrous 10% of ARKK - has done nothing but go up. In other words, Tesla has been saving ARKK from a complete and total meltdown. It is underperformance that only a visionary “active manager” could put together. At least it seems for now that Tesla is still holding the ship up. But how long will the $1000 level last? "Wood and her investors better hope that Tesla does not collapse, and I’m guessing that the number one tea leaf they probably don’t feel like attempting to read is an explanation for Elon Musk selling billions of dollars in stock over the last few weeks," QTR wrote: At first, Musk tried to write his sales off as selling for tax purposes. But with another Form 4 hitting last night for a cool billion in stock, my guess is that other questions will soon start to surface. Namely, complex questions like: “Does the company hiring an ex-SEC and ex-DOJ attorney as its managing counsel for litigation have anything to do with Musk’s stock sales?” We also documented that Musk has now sold over $10 billion in Tesla stock in less than a month this morning. His latest share sale was reported last night on a Form 4, where the world's richest man casually peeled off about $1.01 billion worth of stock via exercising options and stock sales.  Musk has been claiming that the purpose of recent stock sales has been to offset tax liabilities, but Musk's sales have shown no signs of stopping just yet. He has now sold 10.1 million shares since November 6, when he disclosed his intent to sell in a Twitter poll. In total, his sales amount to $10.9 billion, according to Bloomberg. While Musk has been dumping stock to his loyal followers, Tesla has held somewhat steady, an anomaly we pointed out weeks ago when Musk first began his sales. If Musk keeps selling, one has to ask: how much further underwater can the ARKK go before it starts taking on real water? Tyler Durden Fri, 12/03/2021 - 15:03.....»»

Category: blogSource: zerohedgeDec 3rd, 2021

The 13 best places to buy furniture online, for every style and every budget

Whether you need a sturdy sofa or elegant dining table, here are the best furniture stores for all styles and budgets. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Pottery Barn Plenty of furniture stores offer online shopping. With so many options, we rounded up a list of the best furniture stores for a range of shoppers. Some of our picks include Pottery Barn, Wayfair, Ballard Designs, One Kings Lane, and more. Shopping for furniture can be difficult. With possible shipping delays, shortages, and other factors, it's not always easy to find furniture you love. Whether you're looking for a couch or desk, you'll find lots of options at well-known furniture stores like Pottery Barn or Crate & Barrel. But there are also some other stores you may be less familiar with. One Kings Lane, AllModern, and Kaiyo are all great options for furniture stores that you might not think of right away.Here are the best furniture stores in 2021Target Urban OutfittersWayfair Grandin RoadWorld MarketAllModernKaiyoOne Kings LanePottery BarnCrate & BarrelBallard DesignsDear Keaton Serena and LilyTargetTargetTypical price range: $100 to $5,000Best for: Affordable furnitureDesign service: NoShipping costs: Free for orders over $35Experiencing shipping delays: Shipping delays reportedAverage shipping time: 3 to 5 business daysWhite glove delivery: Yes, $40 up to $200 depending on weightIn-store pickup: YesReturn policy: Return within 90 daysRestocking/return fees: NoneFinancing options: Affirm, Sezzle, PayPalShop furniture at Target.Target is the one-stop-shop for everything you need from groceries to household items. The retail giant has affordable prices in most categories of items sold, including furniture. Target often does furniture and home decor collaborations with Jungalow, Studio McGee, and Magnolia offering some of the trendiest and stylish designs for your home. Target has a solid selection of seating, side tables, dining tables, desks, and more. Although Target doesn't have design services, if you shop from the collaborations, you'll be able to find furniture and home decor that match, as well as style idea posts for more inspiration. Plus, if you need to return furniture or don't want to deal with shipping fees, Target has in-store pick up and returns for furniture items. Worth looking at:Opalhouse designed with Jungalow Siena Upholstered Anywhere Chair$220.00 FROM TARGETThreshold designed with Studio McGee Thousand Oaks Wood Scalloped TV Stand$400.00 FROM TARGETProject 62 Astrid Mid-Century Round Dining Table with Fixed Top$250.00 FROM TARGETUrban OutfittersUrban OutfittersTypical price range: $150 to $2,300Best for: Young adults, college studentsDesign service: NoShipping costs: $100 flat rateExperiencing shipping delays: Possible shipping delays reportedAverage shipping time: 2 to 4 weeksWhite glove delivery: NoIn-store pickup: YesReturn policy: Return within 30 days, cannot return items in-storeRestocking/return fees: NoneFinancing options: AfterPayShop furniture at Urban Outfitters.Urban Outfitters is better known as a trendy clothing retailer for teens and young adults. However, the company has a lesser-known online furniture collection that is mid-priced and offers a huge selection of stylish furniture. Whether you're furnishing a dorm, apartment, or new house, the furniture collection at Urban Outfitters has a variety of furniture for every room in your home. From art deco to boho chic, there are many pieces of unique furniture for under $1,000 at Urban Outfitters. Worth looking at:Urban Outfitters Castella Chair$499.00 FROM URBAN OUTFITTERSUrban Outfitters Isobel Storage Console$729.00 FROM URBAN OUTFITTERSUrban Outfitters Ophelia Side Table$159.00 FROM URBAN OUTFITTERSWayfairWayfairTypical price range: $150 to $10,000+Best for: College students, furnishing a new houseDesign services: NoShipping costs: $5 for orders un $35, free shipping over $35Experiencing shipping delays: Possible delays on bigger furniture itemsAverage shipping time: 8 business daysIn-store pickup: Online only White glove delivery: Yes, price varies by furniture sizeReturn policy: Return within 30 days Restocking/return fees: Return fee will be deducted from refund and depends on where you liveFinancing options: Affirm, Citizens Pay, Fortiva Retail Credit, Acima, KatapultShop furniture at Wayfair.Wayfair is an affordable way to shop for furniture online and have it delivered to your doorstep. Prices for furniture vary by size, but in general Wayfair has a massive selection of furniture to choose from that won't break the bank. Since Wayfair doesn't manufacture furniture itself, it sells furniture from tons of different suppliers. Although Wayfair vets its suppliers, the quality of furniture can vary, so it's important to do your research and read reviews on items you're considering. A lot of the furniture comes disassembled, so you will likely need to do some light labor to get certain furniture items put together. Furniture that needs assembly comes with hardware so you don't need to worry about screws and bolts.Wayfair is ideal for younger people like college students who can't afford expensive items but still want good quality furniture. Worth looking at:Andover Mills Newt Low Profile Platform Bed$225.99 FROM WAYFAIRGeorge Oliver Bryoni 3 Legs End Table$81.99 FROM WAYFAIREtta Avenue Bram 4 - Person Dining Set$509.99 FROM WAYFAIROriginally $599.99 | Save 15%Grandin RoadGrandin RoadTypical price range: $150 to $2,000Best for: Dining room and living room seating, seasonal decorDesign service: NoShipping costs: $10 to $80 or 8% of the total purchase for orders $1,000 and overExperiencing shipping delays: No shipping delays reportedAverage shipping time: 3 to 7 business daysWhite glove delivery: Yes, minimum $199 feeIn-store pickup: NoReturn policy: Return within 90 daysRestocking/return fees: Shipping will not be refunded, return fee of $100 or 10% of the purchase price for white-glove delivered returnsFinancing options: Only with a Grandin Road credit cardShop furniture at Grandin Road.Grandin Road is well-known for having a solid selection of seasonal and holiday home decor, but the company also sells quality, affordable indoor and outdoor furniture.If you've been on the hunt for seating, especially dining or living room chairs, then Grandin Road is the place for you. You can find many different styles, with many options for under $400. Grandin Road doesn't have a huge selection of sofas, but it does offer many choices for chairs, bar stools, ottomans, and benches. You should take a look at the sale section of Grandin Road as it's usually well-stocked with good furniture deals. Worth looking at:Grandin Road Julien Bar & Counter Stool$109.00 FROM GRANDIN ROADGrandin Road Valencia Side Chair, Set of Two$269.10 FROM GRANDIN ROADGrandin Road Phoebe Swivel Chair (Velvet)$404.10 FROM GRANDIN ROADWorld MarketWorld MarketTypical price range: $200 to $3,000Best for: Accent furniture, mid century modern furniture Design service: NoShipping costs: $5 to $60, 10% of purchase price for orders over $600Experiencing shipping delays: None reportedAverage shipping time: 7 to 14 business daysWhite glove delivery: NoIn-store pickup: YesReturn policy: Return within 30 days Restocking/return fees: Shipping non-refundable Financing options: AfterPayShop furniture at World Market.World Market not only has some of the best home decor at affordable prices, but the retail giant also sells an impressive selection of chic and trendy furniture as well. Prices of the furniture pieces vary, but in general, the items are budget-friendly. One of World Market's best categories for furniture are its selection of accent and task chairs for your bedroom or living room. The chairs come in all sorts of styles, colors, and materials. If you've been in the market for an accent chair, World Market is the place to go. Other great selections of furniture at World Market include its mid-century modern collection or farmhouse collection.Worth looking at:World Market Tyley Upholstered Chair$249.99 FROM WORLD MARKETWorld Market Wide Natural Rattan Nylah Bookshelf$279.99 FROM WORLD MARKETWorld Market Wood and Metal Multi Level Coffee Table$279.99 FROM WORLD MARKETAllModernAllModernTypical price range: $200 to $8,600Best for: Modern, mid-century modern furniture Design service: NoShipping costs: Free for order $35 and overExperiencing shipping delays: None reportedAverage shipping time: 1 to 2 weeks, each item lists estimated delivery time, larger items may take longerWhite glove delivery: Yes, $120In-store pickup: NoReturn policy: Within 30 daysRestocking/return fees: Must pay for your own shippingFinancing options: Affirm, Citizens Pay, Fortiva Retail Credit, Acima, KatapultShop furniture at AllModern.AllModern is an affordable furniture company that is operated by its parent company, Wayfair. Although owned by Wayfair, AllModern has a more curated selection. Minimalist, modern farmhouse, mid-century modern, and Scandinavian are just a few of the styles of furniture that AllModern carries. AllModern offers convenience and affordability, with free shipping over $35.There have not been any reports of delayed shipping, likely due to the fact that each item shows an estimated delivery time before you even put it in your cart. This transparency will give you an idea of when you can expect an item to arrive. Due to the site's popularity, items can quickly go out of stock. Worth looking at:AllModern Kaitlin 89'' Sofa$1180.00 FROM ALLMODERNOriginally $1497.00 | Save 21%AllModern Boynton Bed$535.00 FROM ALLMODERNOriginally $918.00 | Save 42%AllModern Aramis Writing Desk$280.00 FROM ALLMODERNKaiyoKaiyoTypical price range: $200 to $10,000+Best for: Pre-loved furniture, vintage furnitureDesign service: NoShipping costs: $149 and up Experiencing shipping delays: No shipping delays reportedAverage shipping time: 2 to 6 weeks White glove delivery: Only for those who live in New York, New Jersey, Connecticut, or PennsylvaniaIn-store pickup: Warehouse pick up in North Bergen, New Jersey or Hyattsville, MarylandReturn policy: Must inspect item when it arrives and you can reject the delivery for a returnRestocking/return fees: $40 return fee if item is rejected through shipping, $20 return fee from warehouse pick up Financing options: NoneShop furniture at Kaiyo.For those looking for an environmentally friendly way to shop or sell furniture, Kaiyo is an excellent option. The furniture retailer will review, inspect, and clean incoming used furniture to sell online. You can order for delivery or pick up in one of the warehouses in New Jersey or Maryland. Since Kaiyo sources all kinds of furniture, you can find a range of brands and styles. We saw Ballard Designs, Pottery Barn, West Elm, and hundreds of other high-quality furniture manufacturers. Besides keeping furniture out of landfills, one of the best perks is that you can get items that are gently used for discounted prices. One thing to note is that shipping can get expensive if you don't live in the New York City metropolitan area. To ship a $400 table to Seattle, it would have been $600 just for shipping. Worth looking at:Ballard Designs Tailored Storage Ottoman$227.00 FROM KAIYOOriginally $799.00 | Save 72%Emmerson Reclaimed Wood Dining Table$619.00 FROM KAIYO$1099.00 FROM WEST ELMArticle Burrard Loveseat$745.00 FROM KAIYOOriginally $1299.00 | Save 43%One Kings LaneOne Kings LaneTypical price range: $300 to $10,000+Best for: High-end eclectic and modern furniture Design services: Yes, $295 to $995Shipping costs: Free unless order is big or bulky. Orders $300 to $3,000 cost 10% of purchase, orders over $3,000 cost 5% of the purchase priceExperiencing shipping delays: Listings have estimated shipping times which are several months outAverage shipping time: Several weeks to months depending on itemWhite glove delivery: Yes, $249-$349In-store pickup: NoReturn policy: Returnable within 30 days of purchase or deliveryRestocking/return fees: 15% return fee and $300 return fee for white-glove delivered itemsFinancing options: NoneShop furniture at One Kings Lane.One Kings Lane is an excellent choice for luxury furniture. Although at the top tier of our pricing guide, One Kings Lane has beautiful, eye-catching furniture in a variety of styles. We even found a good amount of pieces below $1,000, though many are above. Looking for vintage and eclectic furniture? One Kings Lane has a solid selection of one-of-a-kind furniture and designs. For more modern furniture, you can likely find the style you're looking for as well. The high-end furniture store only sells online with an appointment-only showroom in New York. Something to note is that it may be hard to judge colors and materials with the only option to order online. Worth looking at:One Kings Lane Larkspur Console$1395.00 FROM ONE KINGS LANEOne Kings Lane Capri Sofa$2795.00 FROM ONE KINGS LANEOne Kings Lane Capello Dresser$429.50 FROM ONE KINGS LANE Originally $575.00 | Save 25%Pottery BarnPottery BarnTypical price range: $300 to $10,000+Best for: Living room seating, kids furniture, those with sustainability in mind Design services: Yes, freeShipping costs: 10% of the total cost of purchases $200 and over, surcharge may be added for bigger items Experiencing shipping delays: Some customers are experiencing delays with furniture Average shipping time: 7 to 10 business daysWhite glove delivery: Yes, $149-$249 In-store pickup: YesReturn policy: Return within 30 days of receiving or purchasing an item, custom furniture is non-returnableRestocking/return fees: NoneFinancing options: Affirm, Key Rewards credit cardShop furniture at Pottery Barn.Pottery Barn is another staple furniture store that offers in-store and online shopping for high-quality pieces. While Pottery Barn is still on the more expensive end of the price spectrum, it has a lot of solid pieces of furniture for under $1,000. Pottery Barn is known for having exceptional seating, including couches, chairs, and loveseats. While it won't be the cheapest place to buy a couch, it's less expensive than some of the other furniture competitors. Plus, Pottery Barn tags furniture that is Fair Trade or sustainably sourced for the environmentally conscious shoppers.In addition to the huge selection of modern furniture featured at Pottery Barn, Pottery Barn Kids is one of the best places to shop for children and teens' rooms. PB Kids has cute decor as well. With services like free interior designing and white glove delivery, Pottery Barn is one of the best places to shop for furniture. Worth looking at:Pottery Barn Edison Daybed Sleeper$599.00 FROM POTTERY BARNPottery Barn Garby Metal Nightstand, Set of 2$299.00 FROM POTTERY BARNPottery Barn Kids Sloan Bookrack$249.00 FROM POTTERY BARN KIDSCrate & BarrelCrate & BarrelTypical price range: $300 to $10,000+Best for: customizable furniture, those looking for a variety of materials to choose from Design services: Yes, freeShipping costs: Orders $220 or more will cost 10% of the total furniture price for standard shippingExperiencing shipping delays: Delays for custom and non-custom furnitureAverage shipping time: 3 to 5 business days without delaysWhite glove delivery: Yes, $79 to $299In-store pickup: YesReturn policy: Must contact Crate & Barrel within 7 days of purchase or delivery and the furniture must be returned within 30 days in-store. No returns for custom furniture. Restocking/return fees: Financing options: Only with a Crate & Barrel credit cardShop furniture at Crate & Barrel.Crate & Barrel is one of the most well-known furniture stores in the US. The high-end furniture store offers a huge selection of furniture from rugs to sectionals. Crate & Barrel has an impressive selection of custom furniture. You can choose from a library of materials, colors, and fabrics, making it a great place to shop for custom furniture.Quality furniture comes with a high price tag, and Crate & Barrel is no exception. While you can usually find home decor and kitchenware for under $100, you'll be hard pressed to find any furniture in the lower hundreds. If you have a larger budget for furniture, Crate & Barrel is an excellent place to start designing a space. There are free design services offered, and you can book a one-on-one appointment with a Crate & Barrel Design Pro. If you're looking to furnish a space, be sure to take into account current shipping delays with furniture, especially custom pieces. Worth looking at:Crate & Barrel Miro Glass Coffee Table with Black Wood Base$499.00 FROM CRATE & BARRELCrate & Barrel Wells Sofa with Natural Leg Finish$1599.00 FROM CRATE & BARRELCrate & Barrel Libby Accent Chair$499.00 FROM CRATE & BARRELBallard DesignsBallard DesignsTypical price range: $500 to $10,000+Best for: European-style furniture, solid wood materials Design service: Yes, freeShipping costs: $200 and under will be 15% of the purchase, orders over $200 will be 10% of the purchaseExperiencing shipping delays: Delays have been reportedAverage shipping time: 3 to 7 business daysWhite glove delivery: Yes, $35In-store pickup: NoReturn policy: Return or exchange within 90 daysRestocking/return fees: Depending on the size returns are free or a $9 shipping feeFinancing options: Only through the Ballard Designs credit cardShop furniture at Ballard Designs.Ballard Designs has a huge selection of high-end furniture that will transport you to the French countryside. The European-inspired furniture company is known for its eclectic and unique collections with pieces made of quality materials including solid wood. This kind of furniture comes with a high price tag, but Ballard Designs offers a variety of services to make it worth your money and time. With complimentary design services, you can work with an interior designer to get the style you want for any room in your home. There have been consistent shipping delays, so be sure to look at stock shipping estimates before you check out. Ballard Designs also has a generous return policy of 90 days. Worth looking at:Ballard Designs Brunello Dining Table$1439.10 FROM BALLARD DESIGNSOriginally $1599.00 | Save 10%Ballard Designs Grace 2 Drawer Open Shelf Side Table$639.20 FROM BALLARD DESIGNSOriginally $799.00 | Save 20%Ballard Designs Montrose Live Edge Bar with Stools$1793.99 FROM BALLARD DESIGNSOriginally $3499.00 | Save 49%Dear KeatonDear KeatonTypical price range: $800 to $6,600Best for: Resort-style, globally inspired furnitureDesign service: NoShipping costs: $9 to $25, or 10% of the purchase for orders over $250Experiencing shipping delays: None reportedAverage shipping time: 2 to 4 weeks, white-glove delivery 4 to 6 weeksWhite glove delivery: YesIn-store pickup: NoReturn policy: Return within 14 daysRestocking/return fees: 20% restocking feeFinancing options: NoneShop furniture at Dear Keaton.Dear Keaton is branded as a "resort-living" furniture retailer, and the furniture pieces will remind you of sand, surf, and tropical weather. Wicker and rattan are common materials. In addition to indoor furniture, Dear Keaton sells a solid selection of outdoor furniture to match your indoor look. The home decor section is also full of chic accessories and accent pieces for your relaxed resort style.Dear Keaton is on the higher end of the price spectrum, and most of the larger furniture pieces have an additional fee for shipping and handling. Worth looking at:Dear Keaton Sadara Club Chair$1496.00 FROM DEAR KEATONDear Keaton Castara Cane Bed$1299.00 FROM DEAR KEATONDear Keaton Chatham Dining Table$2792.00 FROM DEAR KEATONSerena & LilySerena and LilyTypical price range: $800 to $10,000+Best for: Coastal, light and bright-colored furniture Design service: Yes, freeShipping costs: $10 to $229 or 6% of the total purchase if the order is over $4,000Experiencing shipping delays: Delays have been reported around the holidaysAverage shipping time: 7 to 10 businesses days, 2 to 4 weeks for white glove deliveryWhite glove delivery: Yes, price varies In-store pickup: NoReturn policy: Return within 30 days of deliveryRestocking/return fees: $15 return shipping fee, white-glove delivered items will be charged a 15% return feeFinancing options: AffirmShop furniture at Serena & Lily.Serena & Lily is a luxury online furniture store that features coastal pieces for your home. Blue, white, light grey, and wood or natural colors are prominent tones. A mix of nautical and boho-chic styles, the furniture retailer specializes in everything from bed frames to dining tables. If you're not sure what you're looking for, Serena & Lily has complimentary design services to help guide you through furnishing or decorating your home. Serena & Lily notes on its website that, especially around the holidays, customers should expect shipping times to be longer than usual. Worth looking at:Serena & Lily Del Rey Bed (Queen)$2998.00 FROM SERENA & LILYSerena & Lily Driftway Console$1798.00 FROM SERENA & LILYOriginally $2298.00 | Save 22%Serena & Lily Sunwashed Riviera Dining Chair$248.00 FROM SERENA & LILYOriginally $298.00 | Save 17%Other great furniture guides to check outCrate & BarrelBest bed framesBest couches and sofasBest end tableBest desksBest online interior design serviceRead the original article on Business Insider.....»»

Category: smallbizSource: nytDec 3rd, 2021

Zillow Sees Stock Bump After Selloff of iBuying Properties

Zillow is getting a slight reprieve from its recent iBuying woes. The real estate giant is enjoying a modest stock rebound following a Dec. 2 announcement that it has sold or is in the process of selling more than half of its remaining iBuying inventory as it continues to wind-down Zillow Offers.  “We are pleased […] The post Zillow Sees Stock Bump After Selloff of iBuying Properties appeared first on RISMedia. Zillow is getting a slight reprieve from its recent iBuying woes. The real estate giant is enjoying a modest stock rebound following a Dec. 2 announcement that it has sold or is in the process of selling more than half of its remaining iBuying inventory as it continues to wind-down Zillow Offers.  “We are pleased with the progress of our wind-down efforts and recognize that no longer operating Zillow Offers will allow us to have a more capital-efficient balance sheet and business moving forward,” said Zillow Group Co-Founder and CEO Rich Barton in a statement.  The company’s share price ticked up more than 6% early Friday morning, breaking from a month-long slump that followed Zillow’s shocking announcement in November that it was officially sunsetting its iBuying business in November.  Zillow had built up a cache of nearly 10,000 homes that it overpaid for through Zillow Offers, which largely contributed to the demise of its iBuying arm.  On Thursday, Zillow stated that more than 50% of its remaining supply of digitally purchased homes had already sold, is under contract or reached a disposition agreement. Barton also indicated that Zillow plans to use part of the funds the company built up to support Zillow Offers to repurchase up to $750 million of its Class A common stock, Class C capital stock or a combination of both. As a result, the company has bumped its Q4 2021 revenue outlook up to a range of $2.3 billion to $2.9 billion, from $1.7 billion to $2.1 billion. “We are pleased with the significant Zillow Offers inventory wind-down progress we’ve made in such a short time,” said Allen Parker, Zillow Group CFO, in a statement. “We will continue to be disciplined in our inventory wind-down strategy and evaluate a variety of options to best optimize net cash flows to the company.” Jordan Grice is RISMedia’s associate online editor. Email him your real estate news to jgrice@rismedia.com. The post Zillow Sees Stock Bump After Selloff of iBuying Properties appeared first on RISMedia......»»

Category: realestateSource: rismediaDec 3rd, 2021