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Warriors owner Joe Lacob is selling this unbelievable Billionaires Beach mansion in Malibu for a whopping $44 million

The billionaire’s opulent oceanfront abode is sleek and modern with a ‘whiff of James Bond-villain vibe.’

Hedge funds have refrained from investing in the rebound rally, Goldman says

Hedge funds have overall cut their exposure to equity markets since the unwinding of the yen carry trade in early August, analysis from Goldman Sachs’ prime brokerage division shows

Treasury yields hold near 2024 lows ahead of jobless claims, Powell speech

The 10-year Treasury yield sat around the 3.80% mark, after Fed minutes showed most officials believed an interest rate reduction next month is justified.

Don’t worry: Retirement might be better than you think — it was for these retirees 

More than half of nonretirees don’t think they’ll have enough money in retirement.

Tim Walz promises middle-class tax cuts and help for homebuyers in DNC speech

Democratic presidential nominee Kamala Harris’s running mate, Tim Walz, promised financial help for Americans hurt by inflation while attacking the Republican ticket’s proposals, as he delivered a speech Wednesday night at his party’s convention.

Shares of Chinese EV maker Xiaomi jump after earnings, margins beat expectations

Xiaomi shares rose sharply in Hong Kong after the smartphone and gadget maker posted an earnings beat and margins from its new electric-car business topped estimates.

Bronfman boosts last-minute offer for National Amusements and Paramount, WSJ reports

In the latest twist for the media-industry merger drama that refuses to end, Edgar Bronfman Jr. has upped his offer to media heiress Shari Redstone’s National Amusements and a piece of Paramount Global — just before a key deadline for rival bids, according to a report on Wednesday.

Wolfspeed stock rises on big boosts to revenue from EVs and AI

Shares of Wolfspeed gained after the silicon carbide technologies company projected its electric-vehicle revenue would triple in the current quarter, while its overall business would see a boost from artificial-intelligence data center and solar investments.

Disney taps Morgan Stanley’s Gorman to oversee selection of Bob Iger’s successor

Walt Disney Co. on Wednesday said its board had named Morgan Stanley veteran James Gorman to head the succession-planning committee seeking a replacement for Bob Iger, who has said he will step down as the media and amusement-park giant’s chief executive in 2026.

Would lower real-estate commissions lead to higher home prices? Economists are split.

Changes in real-estate commissions are set to have a profound impact on the U.S. housing market.

Bitcoin’s recovery is dragging. Here’s why crypto investors aren’t buying the dip just yet.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Zoom sees more sales from some of its biggest customers, and stock rises

Communications tech company also guided for a better current quarter, and a better year.
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