News about finance, currency, securities 3

 America's super-rich spend more than 40 billion USD to buy luxury houses Last year, more than $40 billion flowed into U.S. residential properties valued at $10 million or more. According to a report by real estate brokerage Compass Inc, more than 2,300 purchases of homes priced at $10 million or more in 2021 - an increase of 112% compared to 2020. Long Island alone in New York 5 properties were sold for 10 million USD or more with a total value of 101 million USD. Thanks to a booming stock market and low interest rates, over the past two years, the share of the richest has increased by 0.1%. This has left the luxury housing market flooded with wealthy people who want to trade with the aim of protecting their assets from inflation. And despite signs of the US Federal Reserve - the Fed tightening the money market, home sales show no signs of slowing down. "Many people view luxury real estate as a safe, secure asset. It's a hedge against inflation," said Carl Gambino, a...

 SoftBank empire shakes Plunging profits, wobbly shares and the departure of a key executive are casting a shadow over the SoftBank empire. Over the past decade, SoftBank and founder Masayoshi Son have garnered global attention with their investments and startups. Essentially, this empire has contributed to reshaping the way startups raise capital. But now, the bad news is piling up. This week, SoftBank's plan to sell Arm, a $40 billion chip design company, to Nvidia, failed because of regulatory obstacles. Shares in several major tech companies in which SoftBank owns shares, from Chinese internet giant Alibaba to food delivery service DoorDash, tumbled amid a sell-off in high-growth tech stocks. more than. And one of Son's key deputies, Marcelo Claure, left the company in January after a bitter dispute over pay. Mr. Masayoshi Son and Mr. Marcelo Claure in Idaho in 2018. Photo: Bloomberg Masayoshi Son and Marcelo Claure in Idaho 2018. Photo: Bloomberg The decline in SoftBank...

 World gold price spiked because of Ukraine tension Each ounce increased by tens of dollars to a 2-month peak due to concerns about inflation in the US and tensions between Russia and Ukraine. Closing the session on 11/2, the world spot gold price increased by more than 32 USD to 1,859 USD an ounce. During the session, the price sometimes rose to $1,865 – the highest in the past 2 months. In total for the whole week, prices increased by nearly 3%. The demand for safe-haven gold rose yesterday after White House national security adviser Jake Sullivan warned Russia could attack Ukraine at any time and would start with an air strike. The world gold price yesterday increased by more than 30 USD. The world gold price yesterday increased by more than 30 USD. “Gold is receiving a haven inflow, due to heightened geopolitical risks and concerns over rising interest rates on global growth,” said Chris Gaffney, head of global markets at TIAA Bank. Gold is seen as an inflation hedge and a safe...