Baltimore Checkbook

Market volatility is back from summer break

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Will the Fed soon raise interest rates or not? That’s the question that’s on everyone’s minds these days.



from http://www.wbaltv.com/money/waiting-for-the-fed-market-volatility-is-back-from-summer-break/41646262

iPhone 7 pre-sales are through the roof

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Demand for the iPhone 7 and iPhone 7 Plus appears to be on fire.



from http://www.wbaltv.com/money/iphone-7-presales-are-through-the-roof-according-to-tmobile-and-sprint/41645542

For-profit college ordered to refund student loans

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More than 1,200 for-profit college students will be getting a refund for their private student loan payments, and their remaining debts will be canceled.



from http://www.wbaltv.com/money/forprofit-college-ordered-to-refund-student-loans/41633378

Amazon Echo can now control GE appliances

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The dream of telling appliances in your home what to do without ever lifting a finger just became closer to reality.



from http://www.wbaltv.com/money/-alexa-preheat-the-oven-amazon-echo-can-now-control-some-ge-appliances/41644896

22-story apartment, Whole Foods tower breaks...

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Construction of the newest development on the city’s waterfront began this week: a 22-story tower in Harbor East to be called Liberty Harbor East. The $170 million development is located at 711 S. Central Ave., which for years has been a surface parking lot. The ground floor of Liberty Harbor East will hold a 50,000-square-foot Whole Foods market and 3,500-square feet of retail. Atop that, 282 apartments and 35 condominiums are planned. The neighborhood’s current 13,500-square foot Whole Foods…

Baltimore-area home sales reach highest August...

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Greater Baltimore home sales rose 13 percent in August, reaching the highest level for the month since 2005. At the same time, the median sales price increased 2 percent year-over-year to $255,000, the highest August level since 2008, according to data provided by ShowingTime RBI based on listing activity from MRIS. Home sales reached 3,748 in August, up from 3,318 a year before. The rise led to an overall sales volume of nearly $1.1 billion, a 14.5 percent increase. The boost in sales came as…

Warehouse sells in Glen Burnie for $17.5M

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A 200,000-square-foot warehouse in Glen Burnie leased by W.R. Grace & Co. has sold to an investment group for $17.5 million. The Class A space located in the Marley Neck Industrial Park at 6610 Cabot Dr. was purchased by Industrial Property Trust. The seller was Highbrook Investment Management LLC, based in New York. Jonathan Carpenter, Nicole Keelty and Graham Savage of Cushman & Wakefield Baltlimore brokered the deal. W.R. Grace signed a lease for 153,452 square feet of space in 2014. “The…

Gov't report: Median household income rose...

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After years of watching their incomes go nowhere, America’s middle class finally got a big raise last year. Median household income rose to $56,516 in 2015, up 5.2% from a year earlier, according to data released by the U.S. Census Bureau.



from http://www.wbaltv.com/money/the-middle-class-gets-a-big-raise-finally/41644536

Venezuelan concept coming to R. House food and...

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A Venezuelan chef with a background that has taken him all over the world, including a stop at a Baltimore restaurant, is joining the growing culinary scene at R. House this fall. Federico Tischler, who most recently served as co-executive chef at the Alma Cocina Latina restaurant in Canton, is bringing White Envelope to the Remington Row food and drink hall. Tischler will be serving up arepas, a traditional Venezuelan corn bread that is split and stuffed with a variety of ingredients. “You can…

Former Millennial Media exec hopes to repeat...

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Carl Wartzack hopes to repeat history after taking the helm of what he hopes will be Baltimore’s next big tech company. Eight weeks ago Wartzack, who was previously an executive at Advertising.com and Millennial Media, became CEO of QL2 Software. QL2, founded in 2001, provides pricing data to to airlines, car rental companies, hotels and online travel agencies. Wartzack previously helped grow Advertising.com until it was acquired by AOL Inc. for $435 million in 2004. He also served as a senior…