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Newsfeed: Kyle Bass Acquires Texas Land As Boom Times Could ‘Last At Least A Decade’

Newsfeed: Kyle Bass Acquires Texas Land As Boom Times Could ‘Last At Least A Decade’

Hedge fund manager Kyle Bass’ private equity firm is placing big bets on land. Bass is buying tens of thousands of acres of Texas dirt which appears out of the norm for the hedge manager, considering he has wagered complex macro trades in financial markets for over two decades. 

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Newsfeed: States Losing (And Gaining) The Most Rich Young Professionals – 2022 Edition

Newsfeed: States Losing (And Gaining) The Most Rich Young Professionals – 2022 Edition

Young professionals are generally staying close to home, according to new research. The Census Bureau and Harvard University recently found that 80% of young adults live less than 100 miles from where they grew up. Meanwhile, just 10% had moved more than 500 miles away. This means that while big cities like New York and Los Angeles have been millennial hotspots for years, the tides may be changing.

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Newsfeed: Yellen pledges to target high-earning Americans in bid to keep U.S. finances on ‘sound footing’

Newsfeed: Yellen pledges to target high-earning Americans in bid to keep U.S. finances on ‘sound footing’

U.S. Treasury Secretary Janet Yellen on Thursday pledged to pursue tax increases for high-earning Americans in a bid to keep U.S. finances sound, as she gave a speech in Michigan on the Biden administration’s economic policies.

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