Imagine opening your front door one morning and hearing, "I bought your house. Move out." That's exactly what happened to Scott and Carrie Amab. They lost their home in a foreclosure sale, >> even though they had paperwork showing the debt had been cancelled years earlier. The culprit, a zombie mortgage, an old writtenoff loan that suddenly comes back to life.Here's how it works. Back in the early 2000s, a lot of people took out second mortgages. When the 2008 housing crash hit, the banks assumed many of th ...

Sports Investment Fund Strategy - Avenue Capital closed a $1 billion sports investing fund, aiming to invest across emerging leagues, women's sports, and the "big four" leagues [2] - The fund seeks opportunities that are expected to double or triple in value over the next five years [3] - The sports market is estimated to be a $1 trillion market, with only $10-15 billion of capital raised or looking to invest, indicating significant growth potential [5] Market Valuation and Growth - Despite concerns about overvaluation in the "big four" leagues, the demand for live sports continues to grow, driving up value [6][7] - Returns in the "big four" leagues are estimated around 10-15%, considered a safe return, while emerging sports and women's sports offer potential for higher growth [11] - Women's soccer teams, previously valued at $1-2 million, are now worth around $150 million, showcasing substantial growth in women's sports [9] - European women's soccer teams are being acquired for around £5 million or €5 million, with expectations to increase in value to $25-100 million in the next five to ten years [10] Opportunities in College Sports - College sports are identified as a significant investment opportunity, with potential deals expected in the next two to three years due to NIL (Name, Image, Likeness) and other financial needs of schools [13] Private Equity Industry Outlook - The private equity industry is not facing an existential moment, but rather a temporary slowdown due to economic uncertainty and differing expectations between buyers and sellers [16][18] - Raising capital and selling assets are currently more challenging due to economic uncertainty and differing valuation expectations [16][17]

>> LIVE FROM WASHINGTON, D. C. , THIS IS "BALANCE OF POWER." WITH JOE MATHIEU.JOE: DAY SEVEN OF THE GOVERNMENT SHUTDOWN. WELCOME TO THE TUESDAY EDITION AS WE HEAD FOR MORE VOTES WITHOUT AN END IN SIGHT, EVEN AFTER PRESIDENT TRUMP SUGGESTED HEALTHCARE TALKS WERE UNDERWAY WITH DEMOCRATS. WE’RE GOING TO GET INTO THIS AND SEEK SOME OFF RAMPS WHEN WE TALK TO REPUBLICAN CONGRESSMAN MIKE BOSS FROM ILLINOIS.WE’LL FOCUS ON PRIME MINISTER MARK CARNEY’S VISIT TO THE WHITE HOUSE TODAY. THE U.S. AND CANADA IN TRADE TALK ...

Gold is at record highs and the appreciation in other dollar substitutes, to use that word loosely in items like crypto, for example, is unbelievable. So we're seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize or de-risk their portfolios vis-à-vis US sovereign risk. Are you really seeing that.Just check the price of gold. I mean, I don't have to look very hard. It's a life of its own, gold.No. But it's a life of its own, as you see sovereigns ...

Economic Cooperation & Political Risk - Economic talks between Rwanda and DRC stalled due to renewed conflict involving M23 in eastern DRC, frustrating Kinshasa officials [2] - DRC officials refused to initial the regional economic integration framework due to ongoing fighting [2] - The proposed economic agreement included a revenue sharing deal from minerals mined in DRC and investment in infrastructure [3] - The agreement also involved a $760 million hydroelectric power project [3] - Skeptics view the deal as weak because Rwanda made no concessions [4] Stance of Involved Parties - DRC cannot proceed with the agreement in good faith while fighting continues [3] - Rwanda is surprised by the stalled talks, viewing the deal as beneficial for economic development [4] - Rwanda has not begun lifting its defensive posture along the border with DRC [3] US Involvement - US officials were involved in Washington, trying to negotiate the final text of the regional economic integration framework [2] - Msad Bullos, the State Department advisor to Africa, led weeks of negotiations [3]

Is it the White House's position that furled workers should be paid for their back pay. >> Uh, I would say it depends on who we're talking about. I can tell you this, the Democrats have put a lot of people in great risk and jeopardy, but it really depends on who you're talking about.But for the most part, we're going to take care of our people. There are some people that really don't deserve to be taken care of, and we'll take care of them in a different way. >> Why do you say some federal workers should no ...

Are Republicans winning the messaging war. You know, polling is indicating that they're not. Of course, it's early yet.Right. And the full effects of the shutdown haven't been felt by the American people when we start to see travel delays because TSA workers are calling out, you know, perhaps it will be there will be a different there will be a shift. But, you know, the the biggest those feeling it the most are those who are going to be going without a paycheck later this week or next week.Certainly, I will ...

Economic Concerns & Restructuring - Overproduction, referred to as involution, negatively impacts the economy [1] - Significant restructuring is needed, similar to the 1990s, involving selecting companies for survival, auction, or restructuring [2] - China's potential restructuring challenges are compared to Japan's debt issues, highlighting the need for decisive action [2][3] Global Manufacturing & Market Dynamics - China accounts for 32% of global manufactured goods, exceeding the combined output of the United States, Japan, and Germany [3] - Due to market closures, China may need to focus on developing countries [3] Innovation & Challenges - China faces challenges related to its pension and income tax systems [4] - China demonstrates significant innovation, particularly in government-directed initiatives [4] - China is more advanced in the application of AI compared to the United States [4]

>> LIVE FROM BLOOMBERG’S WORLD HEADQUARTERS, I’M SCARLET FU. TIM: AND I’M TIM STENOVIC. WE’LL SPEAK TO ONE OF THE MOST PROMINENT VOICES IN CRYPTO, KATIE HAUN WHO MANAGES BILLIONS ACROSS DIGITAL ASSETS AND WAS A EARLY BELIEVER IN STABLECOINS.SCARLET: AS PART OF HER INVESTMENTS SHE’S ADDICTED TO THE MARKET. AND $2 BILLION WILL BE INVESTED IN MOLLYMARKET -- POLYMARKET. TIM: BITCOIN HITTING A FRESH RECORD ON SUNDAY, CLIMBING TO $125,000 PER BITCOIN.WE’RE JUST SHY OF THAT NOW. LET’S ROUND IT UP, $122,000. IT WAS ...

Jamie, we we're talking about the fact that you have leant into technology over the last decade, billions of dollars invested across the business when it comes to A. I. , which parts of the Jp morgan business to be most transformed by A.I. Yeah. So we already we've been doing this since 2012.So people think it's a new thing. Jenn-air is kind of new, but not all of it. We have 2000 people doing it.It's been $2 billion a year on it. It affects everything risk, fraud, marketing, idea generation, customer servi ...