Saturday, 8 August 2020

Real-estate developers are betting on a risky strategy to reimagine retail space as apartments or last-mile logistics in hopes of rescuing struggling shopping centers

With the retail apocalypse seeing acceleration from the pandemic, developers, and landlords are increasingly looking to redevelop retail into residential or industrial spaces.  The strategy has been around for over 15 years, but commercial real-estate experts told Business Insider that the pandemic has increased interest.  The fiscal restraints imposed by…

Buffett’s Grim View of Air Travel Realized in $10 Billion Charge

Warren Buffett’s dire airline predictions have hit close to home. After dumping his stakes in airlines earlier this year with a warning that the pandemic had unleashed fundamental change on that business, Buffett’s own Berkshire Hathaway Inc. took a roughly $10 billion impairment charge tied to Precision Castparts, its massive…

The average American savings balance by age, household size, and education level

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. The average American family has $40,000 in liquid savings, across…