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- K-Cup billionaire sells Palm Beach waterfront mansion for just over $66M after steep price cut
K-Cup billionaire Robert Stiller sold his waterfront mansion in Palm Beach, Florida, for roughly $66.14 million, just a few years after snapping up the luxury estate.Stiller — the founder of Green Mountain Coffee Roasters, which later acquired Keurig — bought the North Lake Way property in April 2023 for $66 million. The sprawling 13,300-square-foot estate hit the market in May with a lofty $90 million asking price, according to Mansion Global. The sale was confirmed by Christian Angle of Christian Angle Real Estate in a Dec. 30 Instagram post. Angle said he represented both the buyer and seller.AMERICANS FLEE MORTGAGE MARKET DESPITE LOWER RATES AS LENDERS TIGHTEN GRIP ON CREDIT NATIONWIDEBuilt in 2013, the Palm Beach–style residence boasts seven bedrooms, nine full bathrooms and three half bathrooms. The home includes a gated motor court, multiple garages with flexible spaces above, a tiled roof, exterior shutters and sweeping lake views, as noted… ...[TheTopNews] Read More.1 hour ago - Consumer sentiment rises above expectations in January but remains below last year’s levelConsumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of Michigan's Surveys of Consumers.Michigan's Consumer Sentiment Index rose to 54 in January's preliminary reading from a final reading of 52.9 in December. That was a larger increase than what was expected by economists polled by LSEG, who anticipated the January figure would come in at 53.5. However, January's reading of 54 was significantly below the 71.7 reading a year ago in January 2025."Improvements in January were seen among lower-income consumers, while sentiment fell for those with higher incomes," Surveys of Consumers Director Joanne Hsu noted.US ECONOMY ADDED 50K JOBS IN DECEMBER AS UNEMPLOYMENT RATE DECLINESThe report found that year-ahead inflation expectations were steady at 4.2% to start January, which is the lowest reading since January 2025 but well above that month's 3.3% inflation expectations.Consumers' long-run inflation… ...[TheTopNews] Read More.2 hours ago
- Trump set to interview this final candidate before naming next Fed chairTreasury Secretary Scott Bessent said President Donald Trump has one more interview to do before naming America's next leader at the Federal Reserve.Speaking at the Minnesota Economic Club, where he also addressed a sweeping fraud scandal that has drawn national attention, Bessent said BlackRock Global Fixed Income Chief Investment Officer Rick Rieder is expected to interview with Trump soon.POWELL DECLINES TO WEIGH IN ON POTENTIAL SUCCESSORS AS TRUMP EYES NEXT FED CHAIRThe next Fed chair would assume one of the most influential posts in U.S. economic policymaking, overseeing interest-rate decisions and the central bank’s efforts to keep inflation in check.Trump has narrowed his shortlist to four candidates as he approaches a final decision on leadership at the Federal Reserve: Kevin Hassett, Kevin Warsh, Christopher Waller and Rick Rieder.The appointment to lead the world’s most powerful central bank comes as persistently high living costs test Trump’s economic agenda. The Federal Reserve, which… ...[TheTopNews] Read More.5 hours ago
- Former Intel CEO warns US chip comeback still has long way to goIntel unveiled new chip manufacturing milestones this week, but former Intel CEO Pat Gelsinger said the United States still has a long way to go to reclaim chip production from Asia."The metric [is] though, how many wafers are being built in America," Gelsinger said Friday on "The Claman Countdown.""That is the only thing that matters," he added.Gelsinger’s warning comes as the Trump administration has moved to strengthen U.S. chip manufacturing, taking a stake in Intel and pushing to bring advanced semiconductor production back on U.S. soil.AMD CEO SAYS AI DEMAND IS 'GOING THROUGH THE ROOF' AS COSTS CLIMBMuch of the world’s advanced chip manufacturing remains concentrated in Asia, particularly Taiwan. U.S. officials have said the imbalance poses economic and national security concerns.Gelsinger said it is critical that manufacturing return to the United States, while cautioning that progress will take time."It’s hard to win that manufacturing back. You know it took… ...[TheTopNews] Read More.7 hours ago
- Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax
More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure that would impose a new tax on billionaires. ...[TheTopNews] Read More.7 hours ago - California wealth tax proposal hemorrhages $1T as billionaires fleeVenture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he argues will worsen and not solve the state’s budget deficit.Palihapitiya, who has been tracking capital flight from the Golden State, said California has so far lost an estimated $1 trillion.MAMDANI’S RISE IN NYC MIRRORS ECONOMIC FLIGHT TO THE SOUTH, STUDY SHOWS"We had $2T of billionaire wealth just a few weeks ago. Now, 50% of that wealth has left - taking their income tax revenue, sales tax revenue, real estate tax revenue and all their staffs (and their salaries and income taxes) with them," Palihapitiya wrote on X on Sunday.Even as the measure remains under consideration for the November statewide ballot, some of Silicon Valley’s most prominent figures warn it could trigger an exodus of founders and capital.TECH BILLIONAIRES THREATEN TO FLEE CALIFORNIA OVER PROPOSED 5% WEALTH TAXCalifornia has long depended on… ...[TheTopNews] Read More.7 hours ago
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