The ‘urban doom loop’ threatening cities like New York and San Francisco

Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. “Because cities have to balance their budget, they now need to cut spending,” said Stijn Van Nieuwerburgh, professor of real estate at Columbia Business School, who studies the long-term effects of COVID-19 policies….

Read More

DOJ scrutinizing Kazakh Freedom Holding after hit by short sellers

Freedom Holding CEO Timur Turlov speaks during a press interview in Moscow, Russia, Oct. 10, 2019. Maxim Shemetov | Reuters Freedom Holding, a Nasdaq-traded Kazakh financial firm that’s been the target of prominent short sellers, is being investigated by federal prosecutors and Securities and Exchange Commission counsel over compliance issues, insider stock moves, and an…

Read More