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California unseats New York as home to the country's priciest real estate

1 day ago   |   By

How far does a dollar go in terms of square feet? It used to depend on whether you were in New York or not, but now it largely depends whether you're in Cali or not. A recent Zillow study examined the question by looking at how much space one dollar bought across the country, which Bloomberg then extrapolated to account for a king-sized mattress, or about 42 square feet. The results were not wholly surprising-money...
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Ikea Sets Goal for Zero Emissions Delivery in 5 Cities by 2020

1 day ago   |   By

Ikea will aim to make home deliveries with zero emissions in five cities by 2020, the company announced this week .
Deliveries to customers in Amsterdam, Los Angeles, New York, Paris, and Shanghai will be done mostly by electric vehicle to meet zero emissions environmental goals.
"For us it's crucial to grow our business in a sustainable way-that's why we're speeding up the transition to EV in five inner city areas,” Ikea Group CEO Jesper Brodin said in a statement. “By 2020 all our home deliveries in central Amsterdam, Los Angeles, New York, Paris and Shanghai will be by EV or other zero...
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Step aside New York, Hong Kong is now home to the most ultra-rich people

2 days ago   |   By

Hong Kong has overtaken New York as the city of being occupied by the most ultra-wealthy individuals - that is, people worth at least $30 million. The former British colony is now home to more than 10,000 ultra-wealthy people, Bloomberg reported. Citing a report by research firm Wealth-X, the outlet reported that Hong Kong's ultra-wealthy population jumped 31 percent last year. That increase surged past New York, which is home to around 9,000 of the...
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