New York

The hedge fund industry is finding itself in increasingly dire straits as persistently weak returns and the advent of low-cost investing have forced more and more funds to shut down. So, it's unsurprising that, amid this steadily worsening backdrop, more traders are heading for the exits. But where are the heading? Increasingly, more traders are moving back from where they came - i.e. the big banks, which expect to see a boost in trading revenue as President Donald Trump has vowed to dial back postcrisis regulations that forced banks to wind down their prop desks.

With the New York City real-estate market sagging under the weight of too much inventory following a credit-driven surge in multifamily housing in recent years, the return of Manhattan’s marginal buyer could finally be at hand.

A ranking of the city’s best-selling condo buildings from Property Shark hints at how the ultra-high end of the market, where units can sell for $20 million or more, appears increasingly vulnerable. While some of the top-selling buildings have racked up impressive sales totals, some have vacancy rates as high as 40%.

The US opioid epidemic has continued to worsen in 2017 as super-powerful synthetic opioids like fentanyl and carfentanil taint the nation’s heroin supply. While the FBI’s final tally has yet to arrive, preliminary data suggest that overdose deaths last year eclipsed the 50,000 recorded nationally in 2015 – the most ever. And the body count is expected to be even higher in 2017.

Authored by Erico Matias Tavares via Sinclair & Co.,

Marty Pompadur is a reference in the global media industry, where he is involved as an investor, advisor and board member. Until recently he was global vice chairman of media and entertainment for Macquarie Capital based in New York City.

As America's young snowflakes graduate their liberal bastions of higher education and get ready to migrate around the U.S., at least those who were lucky enough to actually find a job after graduation and avoid the embarrassment of moving back home with mom and dad, we thought it would be helpful to take a look at where they might get the most safe space square footage for their money.