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Gen Z’s self-sabotaging spending on ‘caviar bumps,’ luxury holidays, and designer bags is being driven by housing market rebellion and influencer lifestyle envy
Success
Gen Z’s self-sabotaging spending on ‘caviar bumps,’ luxury holidays, and designer bags is being driven by housing market rebellion and influencer lifestyle envy
By Orianna Rosa RoyleFebruary 3, 2024
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’
Finance
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’
By Lionel LimJanuary 28, 2024
Christmas shoppers outside the Selfridges department store on Oxford Street on 20th December 2023, in London, England.
Companies
London’s historic luxury department store, Selfridges, is hunting for cash following the implosion of its property titan co-owner
By Libby Cherry, Lucca de Paoli and BloombergDecember 29, 2023
Entrepreneur Rene Benko
Companies
Once a luxury property billionaire rubbing shoulders with Europe’s elite, Rene Benko’s empire is now coming apart at the seams with his two biggest vehicles filing for insolvency
By Libby Cherry and BloombergDecember 28, 2023
Low clouds obscure the tops of downtown skyscrapers in Los Angeles
Finance
Commercial real estate values will suffer a $480 billion wipeout next year—and that’s following a $590 billion loss in 2023, research firm says
By Alena BotrosDecember 19, 2023
Businesswoman Barbara Corcoran says now is the perfect time to buy a home.
Finance
‘Shark Tank’ star Barbara Corcoran insists now is ‘the very best time’ to buy a house despite interest rates hitting a 23-year high
By Eleanor PringleOctober 17, 2023
China’s central bank governor sees growth improving, ‘manageable’ debt risks, and ‘signs of recovery’ in real estate market
Asia
China’s central bank governor sees growth improving, ‘manageable’ debt risks, and ‘signs of recovery’ in real estate market
By BloombergOctober 14, 2023
How many ‘vacant homes’ does China have right now? A former statistics official has an eye-opening prediction
Finance
How many ‘vacant homes’ does China have right now? A former statistics official has an eye-opening prediction
By Will DanielSeptember 25, 2023
Silvio Berlusconi’s heirs near deal on $7.5 billion business empire 
Europe
Silvio Berlusconi’s heirs near deal on $7.5 billion business empire 
By Antonio Vanuzzo and BloombergSeptember 9, 2023
Country Garden just confirmed the ‘worst fears’ about China’s property market
Economy
Country Garden just confirmed the ‘worst fears’ about China’s property market
By Pearl Liu and BloombergAugust 12, 2023
Country Garden was once a role model for China's ailing property developers.
Finance
China hailed a property developer with $64 billion in revenue as a role model. Now the country’s property crisis threatens to send it into default too
By Nicholas GordonAugust 10, 2023
U.S. turns up its economic war on Russian oligarchs with harsher tools
Finance
U.S. turns up its economic war on Russian oligarchs with harsher tools
By Fatima Hussein and The Associated PressMarch 13, 2023
MacKenzie Scott
MPW
MacKenzie Scott casually gave away a couple of mansions worth $55 million to charity
By Alice HearingSeptember 9, 2022
china-property-realestate-market-crash
Real Estate
Chinese property developers slump 87% in the first half of 2022—and it’s possible the housing market still hasn’t ‘bottomed out’
By Grady McGregorSeptember 2, 2022
Scammers are targeting a new generation of homebuyers
Commentary
Scammers are targeting a new generation of homebuyers
By Diane TombJune 24, 2022
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Investing
New LA Angels owner Stan Kroenke is quietly America's largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezosplaceholder alt text
By Sasha RogelbergSeptember 2, 2026
Success
The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economyplaceholder alt text
By Emma BurleighAugust 30, 2026
Success
One of MacKenzie Scott's latest donations takes her HBCU giving to well over $1 billionplaceholder alt text
By Sydney LakeSeptember 2, 2026
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