The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
For U.S. homeowners, the bad news in 2018 has been mounting, with rates on the rise and swaths of the real estate sector turning into a buyer's market. In some of the country's hottest segments, price gains have cooled definitively, with prices slashed and turnover stagnating.
The phenomenon has even been chronicled on Instagram by an account called Cheap Old Homes, underscoring how many gems have suddenly become (relatively) more affordable, depending on the location. In softer markets like formerly white-hot Seattle, 22 percent of listings are at a reduced price and—for the first time in four years – a buyer was able to negotiate to buy house for less than the listed price.
The rising inventory and falling prices means that discerning buyers can score deals on high-end property, for less than they could have otherwise. Recently, CNBC canvassed a few markets where luxury prices have dropped. In five major cities cited by Realtor.com, prices on luxury properties are now considerably lower than the firm's luxury price index, which feature homes in the top 5 percent of that market's range.
15 Central Park West is located in an exclusive Manhattan enclave that features a private restaurant that's only for residents, a 14,000 square foot fitness facility and a large swimming pool. On the 28th floor sits a 3 bedroom, 4 bathroom unit that's selling for $26.9 million – a price tag that's dropped by nearly $2 million in the last month.
In Austin, new builds like this $569,000, over 1,500 square-foot house have helped ease a tight housing market more toward the buyer's favor. In a relatively compact footprint, this "modern farmhouse" feels spacious with soaring ceilings, three bedrooms and two full baths, plus one half bath.
Earlier this year, a slump in Southern California home sale was deemed a warning sign to the rest of the country. Maybe that's why one can find this level of luxury in Del Rey at $1.7 million — which is $300,000 below the average Los Angeles luxury home. In the 2,162 square feet new-build contemporary are three bedrooms and three full baths plus one half bath: It also includes niceties like wide-plank floors, skylights, and a fireplace.
In terms of space-challenged Manhattan real estate, this $1.1 million brownstone co-op in the Carnegie HIll area on the Upper East Side hits all the right notes. It has ample room (for one person or couple, that is), exclusive outdoor space, and even a functional, onyx-framed fireplace. A private garden makes any smaller residence feel larger, and there's a lot to love at a price tag that's nearly $300,000 below New York City's average luxury price around $1.4 million.
In a luxury Miami high-rise, water views are a must. This $730,000 high floor condo apartment on ritzy Brickell Avenue is 1,500 square feet, and delivers on panoramic Miami views with floor-to-ceiling windows in the living room and both bedrooms. A balcony spans the three rooms-with-views.