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Category Archives: Business

He made $400,000 flipping a house

Earlier this year, Lin He made a $400,000 profit from a single home flip. The 3,600-square-foot house in Malibu was in foreclosure and was listed for $1.39 million. He purchased it for $985,000 in 2017 without ever stepping foot inside. “Boy, it was bad. It was

How Apple Watch went from fashion accessory to fitness must-have

A $17,000 model. A fitting appointment. A cover spread on Vogue. The Apple Watch was more than a fitness-tracking device when it debuted five years ago. It was a fashion item and status symbol. It was luxury on your wrist. Fast forward to 2020, the fifth anniversary of Apple’s smartwatch. Millions of

Treasury says economic impact paper checks are being sent out

The Treasury Department has confirmed that economic impact paper checks from the $2.2 trillion coronavirus stimulus relief package have already started going out and are in the mail. Department officials are walking back Treasury Secretary Steven Mnuchin’s comments at a White House gaggle with reporters where he

American oil crashes below $0 a barrel — a record low

The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude. What’s happening: US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That’s