Australian Dollar Rises After Home Loans Increase; Kiwi Weakens

Jeremy Zidell just scored a hat trick on Tennyson Street, picking up his third property on the corridor in as many years. “My focus has always been in urban core environments across the country,” he said. Zidell’s Dallas-based firm, Rue, purchased 4100 Tennyson St. late last month, paying $1.9 million for the fully occupied, roughly 6,000-square-foot corner retail property in Denver’s Berkeley neighborhood. Rue financed the deal with a $1.2 million loan from Origin Bank out of Louisiana. The property was sold for $328 a foot by Tennyson Unique Rentals LLC, which bought it for $666,000 in 2010, records show. The building has five tenants: a tattoo parlor, bar, print shop and two thrift stores.

Marcia Mueller wants to build a gateway to her neighborhood and downtown Denver. “My intent has always been to knit this intersection together,” Mueller said. Her plan is to build a 300-square-foot “jewel box” retail building on the corner of Umatilla and 29th Avenue in LoHi, where four streets meet in one of Denver’s more complex intersections. “That’s going to be like an amazing little glass box,” Mueller said.

By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump’s victory in the presidential election. Gold fell more than 4% in the four days since Election Day, when the broad U.

This week President Joe Biden welcomed President-elect Donald Trump back to his old home at the White House. This magnanimous act runs in stark contrast to the cold reception Trump gave Biden in 2020 when the roles were reversed, breaking with the tradition of an amicable—not to mention peaceful—transfer of power. [time-brightcove not-tgx=”true”] Biden’s White House welcome to Trump versus Trump’s snub of Biden four years ago is matched by lack of reciprocity in the economy each gifted the other.

By MATTHEW PERRONE, Associated Press Health Writer WASHINGTON (AP) — Those ever-present TV drug ads showing patients hiking, biking or enjoying a day at the beach could soon have a different look: New rules require drugmakers to be clearer and more direct when explaining their medications’ risks and side effects. The U.

By DEE-ANN DURBIN, Associated Press Business Writer Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers and other items. “We’ll get them down,” he told shoppers during a September visit to a Pennsylvania grocery store. But the food price inflation that stunned the U.