Closing on a house is like the final act in a play with a happy ending. After months of shopping, negotiating and financial plot twists comes the resolution: You sign the final mortgage papers, get the keys to the house and officially become the new owner.Signing the paperwork on closing day takes about an hour or two, but the process to get there is much longer. From the time your offer is accepted and loan processing begins, closing on a house takes roughly 30 to 60 days.Average time to close on a houseThe average time to close on a purchase…
Author: insighter
It’s been four years since Deadpool star Ryan Reynolds and It’s Always Sunny In Philadelphia co-creator Rob McElhenney purchased Wrexham AFC—at the time, a non-league soccer team little-known in the U.S.—and American family offices are still scrambling to grab a piece of sports franchises, according to Anushka Gupta, who leads Apex, the American branch of Goldman Sachs’s family office subsidiary. While Reynolds and McElhenney found their way to professional sports in 2020 through what was then a fifth-tier soccer team based in Wales, for which they paid $2.5 million, American family offices are looking for entry points among emerging sports,…
India’s Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party’s win in country’s general election, in New Delhi on June 4, 2024. Arun Sankar | Afp | Getty ImagesIndian Prime Minister Narendra Modi declared victory in the country’s election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties.Ongoing vote counts suggest that Modi’s Bharatiya Janata Party (BJP) is likely to win just 239 seats — down from 303 in 2019 — and would have to seek power-sharing…
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesRecent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped finance sanctioned Iranian entities and terrorist groups, and that relevant evidence was ignored by American authorities.London-based Standard Chartered, which primarily serves clients in emerging markets, was previously punished with more than a combined $1.7 billion in fines after admitting in 2012 and 2019 to violating sanctions on Iran and other blacklisted countries.The bank denies it ran transactions for any organizations designated as terrorists.The latest court filings, provided by former Standard Chartered Bank…
Maui is a popular Hawaiian vacation destination for a reason. The island boasts beautiful beaches, year-round warm weather, welcoming locals and a rich culture to learn about and experience during your trip. But it’s also a very expensive island to visit, with hotel rooms averaging more than $550 per night before taxes and fees in the first quarter of 2024, according to data from Hawaii Tourism Authority.If you’re looking to book a Maui vacation without breaking your budget, below we dive into the best hotel on Maui to book with points, including the best hotels on Maui for families and…
In an election year, economic concerns always matter. It’s no different this year, and why would it be? And on paper, the economy is doing fine, but that’s not really how it feels for typical Americans, and there’s a reason for that: Housing. Throughout the pandemic-fueled housing boom and in the aftermath, housing affordability deteriorated at its fastest pace. Home prices skyrocketed, rents soared, and mortgage rates followed, to put it simply. A lot of people can’t afford to buy a home and some can barely afford rent, and that’ll influence voters when they head to the polls. We’re already…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAlmost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million.The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his 5 million shares of GameStop and 120,000 call options even after a 21% rally. He made a whopping $79 million on paper on Monday — a single trading day.Gill, whose handle is “DeepF——Value” on Reddit and “Roaring…
Keith Gill (Roaring Kitty/DeepFuckingValue) revealed a massive $181.4 million position in GameStop stock and call options, sending the stock surging in value.Gill’s return to social media last month had already sparked a rally in GameStop shares, but his recent portfolio reveal reignited the “meme stock” frenzy, with the stock skyrocketing from $22.91 to over $40 at market open on June 3rd.Gill’s involvement in the GameStop saga dates back to 2019 when he invested $53,000 in the struggling retailer, attracting a following of retail investors that led to a short squeeze in January 2021, sending the stock soaring over 1,000%. Keith…
Former U.S. President Donald Trump’s campaign attorney Kenneth Chesebro is shown in a police booking mugshot released by the Fulton County Sheriff’s Office, Atlanta, Aug. 23, 2023.Source: Fulton County Sheriff’s OfficeA 2020 Trump campaign aide and two attorneys who did work for the campaign have been indicted on forgery charges related to the so-called fake electors scheme to undo President Joe Biden’s electoral victory in that state.The charges against former campaign aide Mike Roman and attorneys Kenneth Chesebro and Jim Troupis are the last in a series of criminal prosecutions related to former President Donald Trump’s attempt to reverse his…
Alice Zhang is CEO and cofounder of Verge Genomics. I started my biotech company Verge Genomics out of graduate school in 2015. Our north star is to leverage artificial intelligence and patient data to treat some of today’s biggest unmet medical challenges, including ALS, Parkinson’s disease, and dementia. In the company’s early days, I was told that “scientists can’t run companies,” or “you need drug development experience to be a CEO.” But a startup with a fresh culture that allows it to move faster and incorporate technology more deeply can become a dominant player. At Verge, we have become obsessed…
Ira L. Black – Corbis | Corbis News | Getty ImagesThe U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC.The SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency’s existing products, Guzman said in a phone interview.”An ongoing challenge for small businesses who are trying to go after that contract, perhaps to help us rebuild infrastructure … or a manufacturing facility that’s trying to expand…
TikTok is practically inescapable these days, but that doesn’t mean you can buy its stock.Can you buy TikTok stock?No. Neither TikTok, nor its parent company ByteDance, are publicly traded companies, so you cannot purchase stock in either of them. However, there are some ways to gain exposure to TikTok or buy shares in other social media platforms.Is there any way to invest in TikTok?While you can’t directly invest in TikTok stock, there are a few roundabout ways to gain exposure to it.The first is to invest in publicly traded companies that hold privately held shares of ByteDance, such as SoftBank…