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Bloomberg At a new luxury-condo building in Brooklyn, one buyer told broker Ryan Serhant that she’d like three apartments — one for herself to live in, and two as investments to rent out. She wasn’t the only one. The tower, 550 Vanderbilt, had more buyers become landlords in 2017 than any other condo project in the city, according to data ...

The ‘gig economy,’ RIP. Well, maybe. As you’ll recall, the gig economy refers to a radical transformation of the nature of work and US labor markets. Digital platforms better match workers with jobs (aka, gigs). Uber was, and is, the prototype of this upheaval. Its existence seemed confirmed. One survey by well-regarded labor economists Lawrence Katz of Harvard and Alan ...

The US- China trade dispute seems to have an odd casualty: tech stocks. The market dived on Monday, with the Dow Jones Industrial Average falling nearly 500 points before rebounding by the end of the day after President Donald Trump said he would deploy investment limits against China, which has already been responding to US tariffs with those of its ...

Mainland investors starry-eyed about the listing of a homegrown tech company will be disappointed by Xiaomi Corp.’s decision to postpone the China half of its stock debut. You can expect moms and pops in Hong Kong to feel a bit deflated in turn. Without Chinese depositary receipts to stir interest, demand in the city will likely be more muted, too. ...

Every French leader since the 1980s has been elected on a mandate to fight unemployment — and failed. Whatever else he accomplishes, getting people into work is the one thing French President Emmanuel Macron will be judged on at the end of his term. The Macron plan is basically a wish-list of reforms that France’s senior technocratic elite has urged ...

Banks must bear much of the blame for previous financial crises. In the next one, ordinary investors could play a more central role. Ironically, they’ll do so through vehicles created with them in mind – exchange-traded funds, or ETFs. These listed funds are passive by nature, designed to track the performance of an index of stocks, bonds, currencies or commodities ...

Tariffs wouldn’t be a good look for fashion retailers. Right now, clothing and footwear aren’t included in the list of Chinese products threatened with punitive duties by the US. But as my colleague David Fickling has noted, adding another $200 billion would probably mean consumer goods being drawn into the fray. Clothing accounts for about $35 billion of China’s annual ...

Facebook Inc. didn’t learn from the last two years of internet scandals. The company’s Instagram app announced a YouTube-like video hangout called IGTV, which I suspect is going to be a hit. Instagram has quickly become a go-to digital home base for younger people and is on its way to becoming Facebook’s next huge advertising money-minting machine. Analysts at KeyBanc ...

Bloomberg German banks — jostling for position in one of Europe’s most competitive markets — will plow billions of euros into digitisation over coming years to boost revenue. The question is how many will get their money back. The 50 top lenders will spend as much as 6 billion euros ($7 billion) by 2020 developing their digital initiatives, according to ...

Bloomberg China’s latest monetary policy move, due to take effect on July 5, won’t do much for investors seeking respite from a falling stock market or slumping yuan. 500 billion yuan ($75.7 billion) out of 700 billion yuan freed up by a cut in reserve-ratios announced June 24 is intended to assist banks in funding debt-to-equity swaps — a key ...