This historic estate in California is up for sale at $225 million

The Conrad Hilton estate, also know as Casa Encantada. (Photo: Simon Berlyn)

A historic estate in the Bel Air neighborhood in Los Angeles, California, is potentially the most expensive home listing in the U.S.

The Conrad Hilton estate, also known as Casa Encantada, is on the market for $225 million. It was built in 1938 and has been owned by investor and philanthropist Gary Winnick and his wife, Karen, for nearly two decades.

According to The Los Angeles Times, it is the most expensive public real estate listing in U.S. history. It was originally owned by Conrad Hilton, who founded the Hilton Hotels chain.

So what does $225 million get you? The 40,000-square-foot property features 18-foot ceilings, 60 rooms, an architectural pool house with a professional screening room and formal bar, a north-south lighted tennis court, a separately constructed basketball court, a full guest house, multiple greenhouses, and koi ponds.

The Times reports the Hiltons set a record in 1979 when the property was sold for $12.4 million, the most expensive single-family home sale to date.

Follow Brett Molina on Twitter: @brettmolina23.

Gold Prices Ease Despite Weak China Data

Gold prices fell on Friday even as the downside remained limited after official data showed China’s GDP growth dropped to its lowest level in nearly three decades.

Spot gold edged down 0.2 percent to $1,489.55 an ounce while U.S. gold futures were down 0.35 percent at $1,493.05.

Equity markets across Asia and Europe fell today after weak GDP data raised fresh worries over the health of the world’s second-largest economy.

China’s economy grew at the slowest rate in nearly three decades in the third quarter, raising pressure on policymakers to roll out more measures.

China’s GDP grew 6 percent year-on-year in the third quarter after rising 6.2 percent in the second quarter, the National Bureau of Statistics said. This was the slowest growth since early 1990s. Growth was forecast to slow marginally to 6.1 percent.

Industrial production advanced 5.8 percent annually in September after rising 4.4 percent in August and 4.8 percent in July. Output was expected to climb 4.9 percent.

Annual growth in retail sales increased to 7.8 percent, in line with expectations. During January to September, fixed asset investment grew 5.4 percent, which was slightly slower than the forecast of 5.5 percent increase.

Meanwhile, doubts swirled both about the merits of Boris Johnson’s Brexit deal and about the likelihood of the deal getting through the British parliament.

MPs have won a key parliamentary vote paving the way for a Commons bid to secure a second referendum on Saturday.

Kansas City Southern Q3 adjusted earnings Beat Estimates

Kansas City Southern (KSU) released earnings for its third quarter that climbed from the same period last year.

The company’s profit totaled $180.1 million, or $1.81 per share. This compares with $173.5 million, or $1.70 per share, in last year’s third quarter.

Excluding items, Kansas City Southern reported adjusted earnings of $193.6 million or $1.94 per share for the period.

Analysts had expected the company to earn $1.79 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.0% to $747.7 million from $699.0 million last year.

Kansas City Southern earnings at a glance:

-Earnings (Q3): $193.6 Mln. vs. $160.6 Mln. last year.
-EPS (Q3): $1.94 vs. $1.57 last year.
-Analysts Estimate: $1.79
-Revenue (Q3): $747.7 Mln vs. $699.0 Mln last year.

ManpowerGroup Q3 Profit Declines – Quick Facts

ManpowerGroup (MAN) Inc. on Friday reported third-quarter net earnings of $146.1 million or $2.42 per share, down from $158.0 million or $2.43 per share in the prior year period.

Revenues for the third quarter declined 3 percent to $5.25 billion from $5.42 billion in the prior-year period.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.93 per share on revenues of $5.33 billion for the quarter. Analysts estimates typically exclude special items.

Looking ahead, the company anticipates fourth-quarter earnings between $2.00 and $2.08 per share. The Street expects earnings of $2.15 per share for the quarter.

Bomb explodes inside mosque in eastern Afghanistan during Friday prayers

KABUL (Reuters) – A bomb exploded in a mosque in eastern Afghanistan during Friday prayers, officials said, killing and wounding at least 10 men who had gathered for worship.

Attaullah Khogyani, the spokesman for Nangarhar’s provincial governor, said the explosion happened inside a mosque in Haska Mena district.

“The roof has fallen due to the blast, at least 10 people are feared to be dead and wounded,” said Khogyani.

No militant group has claimed responsibility so far.  

Charles Schwab: Why helping children overcome dyslexia is so important

Schwab talks about his dyslexia

‘I found out about my case when I was actually almost 40,’ Charles Schwab told FOX Business.

Charles Schwab is known for a lot of successful business dealings, but something people might not know about him is that he has dyslexia.

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"As it turns out, one in seven children have some aspect of dyslexia," Charles Schwab told FOX Business.

He didn't get his diagnosis until he was well into adulthood, though.

"As a consequence, my son had … a big touch of it, and so we had the same similar problems in school," Schwab said.

“I was a very slow reader; I still am a slow reader.”

Schwab said, in some ways, children are lucky now that more teachers and parents are aware of dyslexia, and learning that diagnosis earlier in life is helpful.

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"If your kid has it — one in seven do — you need to work with them because their self-esteem can really be destroyed if they don't get that support," Schwab said. "So, please, please help those kids."