• Where to invest in housing stocks: Rent or own?

    The U.S. home ownership rate is now at its lowest point in nearly half a century, which has investors asking if that's by default or choice? Single-family home construction is still well below historical norms, but multifamily apartment construction is soaring. It begs the question, why are the stocks of single-family builders faring better than REITs, and are investors missing the boat?

    CNBC
  • Arnold Schwarzenegger fights Sylvester Stallone at birthday bash

    Arnold Schwarzenegger threw a star-studded 68th birthday party yesterday (31.07.15). The 'Terminator' actor celebrated hitting the milestone by gathering his friends and family together for the bash and even had a punching competition with his 'The Expendables' co-star Sylvester Stallone who claimed the former bodybuilder is "getting stronger" as he ages. Sylvester, 69, also shared a photo of himself with Sir Elton John at the function, gushing the musician is one of his "oldest friends".

    Bang Showbiz
  • Three members of bin Laden family killed in jet crash - police

    LONDON/DUBAI (Reuters) - Three members of former al Qaeda leader Osama bin Laden's family were killed when a private jet crashed in southern England on Friday, British police said on Saturday. The Embraer Phenom 300 jet with four people on board was flying from Milan's Malpensa airport to Blackbushe airport in southern England when it crashed at a nearby car auction site. It was not immediately clear how the victims were related to the late al Qaeda leader, whose family is one of the most prominent business dynasties in Saudi Arabia.

    Reuters
  • Joseph Parker adds weight for Tupou fight

    Exciting New Zealand heavyweight Joseph Parker has added some bulk for his title fight against Bowie Tupou but the Australian will well and truly trump him for size. Unbeaten Parker chases the 15th win of his professional career on Saturday while Tongan-born Sydneysider Tupou seeks to improve a 10-year record which reads 25 wins from 28 fights. Tupou, 32, is nine years older than the quick-moving Kiwi and at 1.89m is fractionally shorter.

    NZ Newswire
  • Charlize Theron adopts second child

    Charlize Theron has reportedly adopted a second child. The 'Mad Max: Fury Road' star took custody of the tot last month following a six-month adoption process, specifically requesting a girl after adopting her son Jackson from South Africa in 2012. Charlize - who will celebrate her 40th birthday this week - currently lives in Los Angeles with her three-year-old son.

    Bang Showbiz
  • Kylie Jenner Says Her New Curves Are Results of Lotions

    Recent photos have shown Kylie Jenner looking curvier, which has prompted speculation that the 17-year-old star has undergone plastic surgery. Well the Keeping Up with the Kardashians star is here to set the record straight on where her newfound curves have come from - and no, she didn't get it from her mama. According to Kylie, her fuller butt and breasts are the result of Pure Leef's butt enhancement cream and breast plumping lotion.

    FAMOUS
  • Teen slapped in attempted abduction

    The 13-year-old fled to a relative's house but found no one home and was forced to make her way to Fruitvale Primary School with the man following her almost the entire way. The victim was left upset and shaken with scratches to her face and arm and a sore neck.

    NZ Newswire
  • Greek PM defends controversial 'Plan B' for euro zone exit

    Prime Minister Alexis Tsipras acknowledged on Friday that his government had made covert contingency plans in case Greece was forced out of the euro, but rejected accusations that he had plotted a return to the drachma. Tsipras was forced to respond to the issue in parliament after former finance minister Yanis Varoufakis this week revealed efforts to hack into citizens' tax codes to create a parallel payment system, prompting shock and outrage in Greece. The disclosure heaped new pressure on Tsipras, who is also battling a rebellion within his Syriza party and starting tough talks with the European Union and International Monetary Fund to seal a third bailout programme in less than three weeks.

    Reuters
  • Britain's Prince Charles branded 'serial hypocrite'

    Britain's Prince Charles has been branded a "serial hypocrite" for flying 70 miles in a helicopter. The 66-year-old royal was taken by air to a polo match last weekend, 68 miles away from his retreat in Highgrove, Gloucestershire, before being driven to Guards Polo Club. Graham Smith, head of pressure group Republic told The Independent newspaper: "Charles is a serial hypocrite.

    Bang Showbiz
  • Lehmann opens up about Haddin sacking

    Coach Darren Lehmann has lashed reports he disregarded Cricket Australia's family-first approach by not selecting Brad Haddin in the third Ashes Test. Haddin was set to play the second Test, but withdrew for family reasons. Peter Nevill scored 45 and snared seven catches at Lord's, convincing selectors Rod Marsh and Lehmann he should stay in the XI ahead of an out-of-sorts Haddin.

    AAP
  • Orthodox Jew ‘repeats’ Jerusalem Gay Pride stabbing attack

    Six people at Jerusalem’s annual Gay Pride have been stabbed, reportedly by an Orthodox Jewish man who police say had launched a similar attack on the parade ten years ago. The suspect, identified as Yishai Schlissel, had only been released from prison a few weeks ago after serving a 10-year sentence for attempted murder and aggravated assault. Witnesses described seeing an ultra-Orthodox man jump into the crowd, screaming as he plunged his knife into people at random.

    Rightster - EuroNews
  • Meth ringleader 'stunned' by 17yr sentence

    The ringleader of a Wellington meth ring run out of an upscale apartment is "pretty stunned" after being jailed for up to 17 years. Kevin Chea was sentenced in the High Court at Wellington on Friday to 17 years in jail with a minimum non parole period of eight and a half years for importing, possessing and supplying a Class A drug. Chea's lawyer Tony Rickard-Simms told NZ Newswire the sentence was "significantly higher" than they'd expected.

    NZ Newswire
  • Three more 'Game of Thrones' seasons likely, HBO says

    HBO's most-watched series, the medieval fantasy drama "Game of Thrones," will likely continue through three more seasons, a network executive said on Thursday, as he defended the show's gritty violence. Executives have planned to run at least seven seasons and are discussing with the show's creators how much longer the show will extend beyond that, said Michael Lombardo, president of HBO programming. This year, "Game of Thrones" hit 20 million viewers on average for its fifth season, which received 24 Emmy nominations including a best drama nod.

    Reuters
  • Perth housing and unit prices slump

    Perth's median house price has fallen by $20,000 in the June quarter - the largest drop in two years. The Real Estate Institute of Western Australia said the metropolitan median house price dropped from $550,000 to $530,000 while the cost of units, apartments, villas and townhouses fell from $440,000 to $420,000. REIWA president David Airey said it was a similar story in the regions with the median house price dropping by $10,000 to $380,000 and the median apartment price dipping by about $4500 to $325,000.

    AAP
  • Judge gives lender 60 days to buy former presidential yacht

    Frustrated with years of legal wrangling, a Delaware judge has given a lender 60 days to decide whether to buy the former presidential yacht Sequoia, which lies rotting in a Virginia shipyard. The 104-foot Sequoia, built in 1925, is the longest-serving presidential yacht in American history.

    Associated Press
  • Man who called dollar rally sees catastrophe ahead

    Back in November 2014, Pal, who is currently the publisher of the Global Macro Investor newsletter and the founder of Real Vision TV, said the U.S. dollar index (Intercontinental Exchange US: @DX.1) was poised to make a move the likes of which hadn't been seen in "many, many years." Now, after the dollar index surged 10 percent, Pal is out with a new prediction, and it could spell trouble for global equities.

    CNBC
  • Welsh surf park offers world's longest man-made waves

    A surf park on the edge of Snowdonia National Park in Wales opens Saturday, a 300-metre (985-foot) long lagoon that promises the longest man-made surfable waves in the world. Wavegarden has a prototype surf centre near San Sebastian in northern Spain but Surf Snowdonia, built on a former aluminium works, is the first to be open to the public. "All of a sudden surfing is about to become accessible," said Steve Davies, managing director of Surf Snowdonia.

    AFP
  • Angelina Jolie, Suu Kyi meet women garment workers in Myanmar

    Hollywood actress Angelina Jolie met women garment workers in Myanmar on Saturday with opposition leader Aung San Suu Kyi to learn more about their working conditions, as part of her first visit to the country. The Oscar-winning star, who is also a special envoy for the United Nations? On Saturday she met Suu Kyi at her residence in Yangon after which the pair visited women from Myanmar's largely female textile industry workforce at their living quarters in Hlaing Tha Yar, a town on the western outskirts of the city.

    AFP
  • Farm owner thought vehicle was fine before hayride crash

    The owner of a farm where a teenager was killed on a Halloween-themed hayride last fall said he never would have allowed a vehicle with mechanical problems to haul people on the attraction. Peter Bolduc, owner of Harvest Hill Farms in Mechanic Falls, Maine, denied knowing about any mechanical problems with the Jeep that was hauling the hay wagon and said he'd used it as his personal farm vehicle. There's a measure of vindication that he was not charged, he said Friday, but that's tempered by the tragedy of 17-year-old Cassidy Charette's death.

    Associated Press
  • Surfer punches shark to escape attack in Australia

    A surfer punched a shark after being attacked on Australia's east coast Friday, suffering bite wounds to his legs and hands in what a witness said was like "a Mick Fanning replay". The incident occurred near a popular tourist spot north of Sydney, close to where a bodyboarder was mauled this month, and recalled dramatic images weeks earlier from South Africa when Australian three-time world champion surfer Fanning fought off a shark. The impact of the attack knocked the man off his board," police said in a statement.

    AFP