miami

The U.S. housing market is tilting sharply in favor of buyers, with a record 33.7% more sellers than buyers, according to the latest data. What Happened: This imbalance, the largest since 2013, is driving expectations of a 1% decline in home prices by year-end, as reported by Redfin. With 1.9...

A plot of land neighboring Jeff Bezos‘ property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg. What Happened: The sale of the property on Indian Creek Island has set a new record for this ultra-exclusive location. The buyer of...

A vacant plot neighboring Jeff Bezos’ properties in Miami is up for grabs, with a hefty price tag of $200 million. What Happened: According to a report, a 1.84-acre property located on Indian Creek, a private island in Miami-Dade County, Florida, is for sale. The island, often...

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo announced on Thursday its plans to introduce its autonomous vehicles to Miami, Florida. The valuation of the driving technology company has skyrocketed in recent years. Waymo in Miami: The Mountain View, California-based company highlighted...

The transition into fall typically brings cooler temperatures and a surge in tourism to Miami. However, many of these seasonal visitors have chosen to make Miami their home in recent years, opting out of some larger cities’ cooler winters and taxes. This influx of new residents, like Citadel...

Bob Duggan, chairman and co-CEO of Summit Therapeutics Inc. (NASDAQ:SMMT), is capitalizing on a remarkable 689% stock surge to purchase a $33 million penthouse in Miami’s Brickell neighborhood. The luxurious two-story, 11,000-square-foot residence boasts five bedrooms and an indoor pool. What...

A Donald Trump supporter had an aerial message for Taylor Swift and her 85,000 fans who sang, swayed and went crazy with delight when she and Florence Welch performed “Florida!!!” at Miami's Hard Rock Stadium Saturday. A banner tied to the tail of a small airplane buzzed overhead:...

In a recent development, Amazon founder, Jeff Bezos, has found himself indirectly involved in a $6 million lawsuit following his purchase of a mansion in Miami. Leo Kryss, co-founder of Brazilian toy company Tectoy, has filed a lawsuit against real estate brokerage Douglas Elliman over a $79...

The COVID-19 pandemic accelerated a trend of workers preferring remote work to in-person office attendance. Meanwhile, commercial real estate across the U.S. has suffered as companies do not value expansive office spaces as they did before. The Data: A post on X relayed data from Arbor Data...

Argentina clinched its third consecutive major title with a hard-fought extra-time victory over Colombia in the Copa América final at the Hard Rock Stadium. The 1-0 win, courtesy of a late goal by Lautaro Martinez, ended Colombia’s impressive 28-match unbeaten streak and handed Argentina its...

Despite the endorsement of Bitcoin (CRYPTO: BTC) by investment heavyweight BlackRock Inc. (NYSE:BLK), skepticism about the cryptocurrency persists among many finance professionals. What Happened: BlackRock’s acceptance of Bitcoin in 2023 marked a significant shift in the financial industry....

As Miami Music Week unfolded, a revolution in festival refreshments quietly made its debut, marking a pivotal moment in nightlife culture. The introduction of Milonga Yerba Mate at Club Space's Factory Town marked the first time a cannabis-infused beverage hit the club scene in...

Peter Navarro, who served as an advisor to former President Donald Trump, has commenced his incarceration period at a federal correctional facility in Miami, marking the beginning of his sentence for contempt of Congress. What Happened: Navarro, a former advisor to President Trump, has started his...

On a warm and sunny mid-winter weekend in Florida, a short drive from what some call “Wall Street South,” the Exchange ETF conference kicked off at the Fontainebleau Miami Beach. From Feb. 11-14, the hotel's meeting halls and pool decks teemed with issuers, market makers and...

Editor’s note: This story has been updated to correct Ken Griffin’s name in the headline. Many business leaders opted to move their headquarters to Florida during the COVID-19 outbreak, but the trend appears to be persisting beyond the pandemic. Ken Griffin, the head of the hedge fund...