Union Investment Real Estate combines investment and asset management

This as-told-to essay is based on a conversation with Nicholas Charriere, the 36-year-old cofounder of Mocha, an AI app builder. He lives in the Bay Area. It’s been edited for length and clarity. I grew up in France. I studied math and physics. Then I discovered Hacker News, and I started learning all about entrepreneurship….

Out-of-town home shoppers are driving the new-construction market, drawn by increasingly commonplace price incentives and larger properties—and budget-friendly Sun Belt hot spots are seeing the strongest pull. House hunters routinely look beyond the confines of their local market online, but that wandering eye is especially pronounced for buyers who have their heart set on a…

Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say

Some movies celebrate an anniversary with a glossy Criterion Collection release; others get a multi-city theatrical run. The guys who made “Cocaine Cowboys” are celebrating its 20th anniversary a little differently. The beloved 2006 documentary, which chronicled how 1970s Miami became the ultraviolent entry point for the illegal drug trade in the US and introduced…

Investing is always about weighing risk against reward and finding a balance. Instead of putting $10,000 into one stock, for example, reducing risk could mean spreading that cash across multiple stocks to get the benefits of diversification. For the energy sector, specifically, spreading out investments also helps, as it doesn’t lock in risk from just…

Some of the hardest decisions I’ve watched advisors wrestle with begin not because something is wrong, but because the people who built the business together no longer want exactly the same things. This is especially true (and complicated) on successful ensemble teams. The partners may have spent decades building something they’re enormously proud of. They…