Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes

Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes

Investment firm Blackstone Group acquired 17,000 single-family rental homes on Tuesday in a deal worth $6 billion. Blackstone, an asset management firm that focuses on alternative investments, acquired Home Partners of America (HPA) along with its 17,000 home inventory, the firm announced in a statement Tuesday. Blackstone will continue HPA’s business model of offering its…

Sotheby’s Diamond Auction Marks Another Bitcoin Milestone

Sotheby’s Diamond Auction Marks Another Bitcoin Milestone

A rare pear-shaped diamond that is expected to fetch up to $15 million can be bought at auction next month using cryptocurrencies, Sotheby’s announced on Monday. Sotheby’s said it would be first time a diamond of such size has been offered for public purchase with cryptocurrency. No other physical object of such high value has…

Big Retailers Line up Deals to Take on Amazon Prime Day Frenzy

Big Retailers Line up Deals to Take on Amazon Prime Day Frenzy

Amazon.com will face challenges from big retailers during its annual Prime Day promotion, as more merchants piggyback on the multibillion-dollar online sales event. Target, Walmart, Bed, Bath & Beyond, Macy’s and Kohl’s are some top retail chains offering big discounts and promotions to coincide with Prime day, which takes place on Monday and Tuesday this…

Coca-Cola Diversity Policy Risks Violating Anti-Discrimination Laws, Shareholders Warn

Coca-Cola Diversity Policy Risks Violating Anti-Discrimination Laws, Shareholders Warn

A group of Coca-Cola shareholders are warning that the company’s recent diversity policy would actually require contracted law firms to violate anti-discrimination laws. In a letter dated June 11, the American Civil Rights Project (ACRP) noted that on Jan. 28, the general counsel of Coca-Cola demanded law firms seeking to keep the company as a client…

Boeing’s Newest Version of the 737 Max Makes First Flight

Boeing’s Newest Version of the 737 Max Makes First Flight

SEATTLE—Boeing’s newest version of the 737 Max jetliner completed its first test flight Friday in a move that the company hopes will signal improving fortunes for its most important plane. A few hundred employees watched the plane take off from Renton, Washington. As is typical for a first test flight of a new plane, the…