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Why young billionaires are looking for bigger private jets than ever before

A private jet available via PrivateFlyFacebook: @PrivateFly We may still be in the middle of a pandemic, but it seems that the super-rich are still investing in luxury aircraft, especially aircraft with engines large enough to enable them to travel transatlantic without the need for stopovers.According to The Telegraph, there has been an increase in younger billionaires seeking larger, far-reaching ones private jets. Jetcraft Owner Jahid Fazal-Karim told the newspaper: 'If you're a technical entrepreneur or CEO who's been successful at a young age, you're more likely to buy a large jet because it fits your lifestyle and the global…

Refinancing your mortgage under coronavirus – what to expect

Now is a good time to refinance a mortgage. Here's what to expect and how to prepare. (iStock)In response to the pandemic and Fed emergency rates that have driven refinancing rates down to rare declines, mortgage refinancing has recently risen to unprecedented levels. Clearly, refinancing is now a popular time (especially if you are interested in saving money with lower monthly payments). According to Ellie Mae's original trackerRefinanced mortgages accounted for 65 percent of all loans closed in April, up from 55 percent in March and only 51 percent in February, when coronavirus began to spread in earnest.Between the pure…

Two Texas real estate agents who flew to DC in a private jet and ‘stormed the Capitol’ are charged

Two more Texas real estate agents have been arrested for storming the US Capitol Building after flying into Washington DC with a private jet. Jason Lee Hyland, 37, and Katherine 'Katie' Schwab, 32, were charged on Thursday with disorderly conduct and knowingly entering or staying in a restricted building without lawful authority. The Daily Beast reports. The charges come two weeks after another member of their private jet - 50-year-old Jennifer 'Jenna' Ryan - was also arrested with the same offenses. Ryan documented the group's extravagant trip to DC and shared photos for social media inside the lavish private jet.…

BaFin chief pushed out over dealing with of Wirecard scandal

BaFin chief pushed out over handling of Wirecard scandal

Germany’s finance minister has pushed out Felix Hufeld, head of the nation’s monetary watchdog BaFin, over his dealing with of the Wirecard scandal, the worst accounting fraud within the nation’s postwar historical past.In a press release, Olaf Scholz mentioned the Wirecard affair had revealed that Germany’s system of economic regulation “must be reorganised, in order that it may fulfil its supervisory position extra successfully”. The federal government didn't instantly title a successor for the 59-year-old, who had run BaFin since 2015. Mr Hufeld’s deputy Elisabeth Roegele, who's accountable for monetary markets supervision, will keep in her position. BaFin has been…

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