0 Real Estate Due to safety and health concerns and restrictions associated with the COVID-19 crisis, the program was conducted as distance-learning. Press Release Desk Posted Reply Press release from Horizons at New Canaan Country School: September 17 2020 This past summer, Horizons at New Canaan Country School brought back their ninth grade summer program for rising tenth graders to give students a productive outlet and opportunity to continue learning and grow their Horizons connections. Due to safety and health concerns and restrictions associated with the COVID-19 crisis, the program was conducted as a five-week distance-learning program. The class participated in a Mock Stock Trading Challenge, a stock simulation game facilitated by peer instructor, Henry Benton of New Canaan, who developed and facilitated the financial literacy program and is currently a senior at New Canaan High School. The goal of the … [Read more...]

The Democratic Senatorial Campaign Committee (DSCC) is planning to donate $10 million toward voter protection efforts in the 2022 midterm elections, CNN reported Tuesday. Committee officials told CNN that the Democratic effort to push back on Republican-led voter restriction laws will be called "Defend the Vote." The three-pronged effort will highlight voter suppression efforts led by the GOP, support litigation in crucial states and fund voter protection organizers. The stated $10 million allotted for this program could increase as the midterm election approaches. ADVERTISEMENT Explaining the new program, Sen. Gary Peters Gary Peters Absences force Senate to punt vote on Biden nominee Senate Democrats investing M in Defend the Vote initiative Senior Biden cyber nominees sail through Senate hearing MORE (D-Mich.) said, "Republicans have launched an unprecedented campaign to restrict voting rights, but we are fighting back — and the DSCC will use … [Read more...]

New York (CNN Business) Bitcoin and ethereum are the Coke and Pepsi of crypto : Their combined value of about $1 trillion accounts for nearly two-thirds of the overall $1.6 trillion in digital currencies worldwide. But just as some soft drink fans prefer Dr Pepper, there are also plenty of other alternatives in crypto — more than 10,000 of them, according to research site CoinMarketCap . Many of these "altcoins" have legitimate niche use cases for specific industries. They aren't started-as-a-joke cryptos like Elon Musk's beloved dogecoin and its canine cousin Shiba Inu. One of the better performing pairs of cryptos this year are two related tokens that are geared toward online content creators — Theta and Theta Fuel. Theta has soared almost 400% in 2021 while Theta Fuel is up an astounding 1,700%. Both run on a blockchain known as the Theta Network and allow PC users with un-utilized bandwidth to share video streams with others on the … [Read more...]

New York (CNN Business) The CEO of one of Wall Street's top investment banks has a message for employees in its New York offices. You need to come back to work this fall. Morgan Stanley ( MS ) chief James Gorman said at an investing conference earlier this week that it's time for the bank's New York workers to head back to the office now that more people are getting vaccinated for Covid-19 and life is slowly returning to normal. "If you can go to a restaurant in New York City, you can come into the office. And we want you in the office," Gorman said. Gorman made the comments Monday at an annual conference about financial payments and commercial real estate. He joked that he was doing so from the company's New York office — and while wearing a suit and tie to boot. JUST WATCHED A return to the office brings 'some anxieties, some anticipation' Replay More Videos ... MUST WATCH … [Read more...]

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business) Signs of rising inflation around the world are keeping investors on edge. But in some corners of markets , pressure is easing, raising hopes that Peak Fear may have passed and central banks will be confident enough to sit tight. What's happening: The price of lumber, fed by a construction boom, has dropped 40% from the all-time high it reached in early May, while copper prices have fallen back 11%. Corn prices are 14% lower. Long-term bets on commodities just overtook bullish bets on bitcoin as the most crowded trade in markets, according to Bank of America's latest survey of global fund managers. That could be a sign that the commodities surge, which is causing prices to rise, may have run its course. Broader economic data closely monitored by policymakers is telling a different … [Read more...]

By Hanna Ziady , CNN Business Updated 0914 GMT (1714 HKT) May 13, 2021 It wasn't long ago that real estate experts were bracing for the worst. The coronavirus pandemic had sent large parts of the world into lockdown, shuttering businesses, costing tens of millions of workers their jobs and putting the housing market into a deep freeze . The number of people asking lenders for more time on their mortgage payments surged as the global recession hit. "This time last year we thought it was going to be 2008 all over again," said Kate Everett-Allen, the head of international residential research at real estate consultancy Knight Frank. The fear was that house prices would collapse, as they reliably had done in past economic downturns. An increase in bankruptcies and unemployment would squeeze disposable incomes and make it difficult for highly indebted homeowners to keep up with their mortgages. Those fortunate enough to own second homes would be forced to sell to … [Read more...]

What do homebuyers have to do to get a house in this cutthroat real estate market ? Offer sellers a Caribbean vacation ? Bid $1 million over the asking price? Pay a competing bidder hundreds of thousands of dollars to walk away? What about buying two homes just to live in one? More from Financial Empowerment How much house can I afford? How does inflation affect my standard of living? How much do I need to save for retirement? Believe it or not, these are real offers. And sometimes, they actually work. "You hear about buyers throwing sweeteners into the mix -- wine, dinners -- to get the house," said Esty Perez, an agent with Knipe Realty in Portland, Oregon. "Then, along comes a buyer that is like, 'Hold my beer.' Let me take this up." Perez said one of his clients was in a bidding war on a $530,000 home, and offered $25,000 over the asking price. Read More The other top offer was only $15,000 over. But that … [Read more...]

DALLAS (AP) — The developer of a long-planned — and controversial — high-speed rail line that would get passengers from Dallas to Houston in 90 minutes announced Tuesday that it signed a $16 billion contract with an Italian company to build the project, in what could be a step toward realization. Webuild, based in Milan, will oversee heavy construction of the planned 236-mile (380-kilometer) project for developer Texas Central, the companies said in a news release. Webuild will operate through U.S. subsidiary Cheshire, Connecticut-based Lane Construction Corporation. Nearly half the distance the bullet train will cover — at speeds up to 200-mph (320-kph) — will be elevated to reduce the impact on property owners, the companies said. Residents have fought the high-speed train, which has been discussed for decades and would rely on acquiring land through eminent domain to construct the rail line. Trey Duhon, who heads a group called Texans Against High-Speed Rail, criticized … [Read more...]

Don’t blink. Photo-Illustration: Intelligencer; Photos: Getty Images Moderate Democrats want bipartisan bonafides and pork for their constituents. Progressives want green jobs and a bigger welfare state. And Republicans want to drink liberal tears. The $4 trillion question is this: Will the moderates team up with progressives to disappoint Republicans — or join Mitch McConnell in his quest to make Bernie Sanders severely depressed? That is one way to summarize the current state of bipartisan infrastructure talks. Here is another, somewhat more detailed synopsis: A group of ten senators — five Democrats and five Republicans — have agreed on the outlines of a $1.2 trillion infrastructure bill . Only $579 billion of that sum would constitute new spending, while the rest would involve reallocating unspent coronavirus aid. That makes the bill’s total new investment in public goods about one-fourth as large as Joe Biden’s initial proposal. Meanwhile, unlike the president’s … [Read more...]

WASHINGTON (AP) — U.S. home construction rose 3.6% in May as builders battled a surge in lumber prices that have made homes more expensive The May increase left construction at a seasonally adjusted annual rate of 1.57 million units, the Commerce Department reported Wednesday. Applications for building permits, looked to for indications of activity ahead, fell 3% in May to a seasonally adjusted annual rate of 1.68 million units. Housing has been one of the standout performers during the pandemic-triggered recession. But many economists believe that the surge in home building and sales over the past year may begin to slow, especially for single-family homes. “We expect starts to mostly move sideways over the balance of 2021,” said Nancy Vanden Houten, lead economist for Oxford Economics. “Strong demand, a need for inventory and homebuilder optimism will keep a floor under activity, but builders continue to face supply constraints that may hamper or at least postpone … [Read more...]