Market Beats | UPenn Faces Boycott Over Alleged Antisemitism; Irish Commercial Property Market Posts Worst Performance on Record; Blackstone Media Investment Underwhelms; PepsiCo Closely Watching Impact of Weight-Loss Drugs; Dubai Sees Strong Golden Week Tourism from China

1. Apollo CEO Slams UPenn Over Alleged Antisemitism 2. Ireland’s Commercial Property Investment Hits Record Low 3. Blackstone’s Media Investment Falls Short 4. PepsiCo Closely Monitoring Weight-Loss Drug Trends 5. Property Management App Propify Raises $3.3M 6. Citigroup Buys Huge Aluminum and Zinc Stockpiles 7. Dubai a Golden Week Favorite for Chinese Tourists 1. Apollo …

Market Beats | China’s Golden Week Sees Drop in New Home Sales; Tesla Model 3 Now Below Average Car Price; Israel-Gaza War Sends Oil Prices Higher; Pessimism Weighs on Chinese Stock Market; Domino Sugar Factory Signs First Tenant

—— New Home Sales Drop During China’s Golden Week; Tesla Model 3 Falls Below Average Car Price; Israel-Hamas War Pushes Oil Higher; Pessimism Dominates Chinese Stock Market; Domino Sugar Signs First Tenant 1. China New Home Sales Decline During Golden Week Data from China Real Estate Information Corp. (CRIC) covering eight major Chinese cities shows …

Market Beats | Two Sigma Employee Misconduct Leads to Client Losses; U.S. Job Growth Beats Expectations; U.S. Companies Keep Borrowing Despite High Rates; ExxonMobil Nears Year’s Biggest Acquisition; Tesla Cuts Model 3 Prices Again

—— Two Sigma Employee Misconduct Costs Clients; US Job Growth Surges; US Companies Keep Borrowing Despite High Rates; Exxon Poised for Year’s Biggest Acquisition; Tesla Cuts Model 3 Price Again 1. Citigroup Recommends Buying the Dip in Equities A team of analysts led by Beata Manthey at Citigroup stated that, amid recent macroeconomic data and …

Market Beats | Weight-Loss Drugs Impact Walmart Sales; Only a Stock Market Crash Could Save the Bond Market; AT&T May Sell DirecTV; BlackRock Acquires Blackstone’s Infrastructure Unit; Saudi Freight Company IPO Oversubscribed 72 Times

—— Walmart Sees Impact of Weight-Loss Drugs on Sales; Only a Stock Market Crash Can Save Bonds; AT&T Weighs DirecTV Sale; GSK Offloads $1.1B in Haleon Shares; BlackRock Buys Blackstone Infrastructure Unit; Eagle Football Eyes IPO; Saudi Cargo Firm’s IPO Oversubscribed 72 Times 1. Weight-Loss Drugs Impact Walmart Sales Walmart CEO John Furner said in …

Market Beats | Biden Forgives Another $9B in Student Loans; U.S. Mortgage Rates Top 7.5%; 75,000 Kaiser Permanente Workers Go on Strike; Apple CEO Sells $40M in Shares; Two Hedge Funds Strike Largest-Ever Partnership

—— 1. Biden Forgives Another $9 Billion in Student Loans; 2. US Mortgage Rates Top 7.5%; 3. 75,000 Kaiser Workers Go on Strike; 4. Apple CEO Sells $40M in Shares; 5. US Private Sector Hiring Slows Sharply; 6. Two Hedge Funds in Biggest Partnership Talks; 7. Apple Software Update Fixes Overheating 1. Biden Forgives Another …

Market Beats | U.S. Job Openings Surge Unexpectedly; CFA Level 1 Pass Rate Struggles to Meet Historical Average; Wealthy U.S. Households Cut Back on Charitable Giving; State Street Bets Fed Will Cut Rates by 1% Next Year; Legendary Apple Designer Invests in Juicing Startup

—— 1. US Job Openings Unexpectedly Surge; 2. CFA Level I Pass Rate Remains Below Historic Average; 3. Wealthy US Households Reduce Charitable Giving; 4. State Street Bets Fed Will Cut Rates by 1% in 2024; 5. Legendary Apple Designer Invests in Juicer; 6. PNC Acquires Signature Bank Loan Portfolio; 7. Brookfield Launches Largest-Ever Private …

Market Beats | U.S. Office Real Estate Faces Sharp Decline; Tesla Factory Shutdown Slows Production; T. Rowe Price Launches Retail Credit Fund; Blackstone BREIT Outflows Begin to Ease; U.S. Treasury Yields Hit New High Again

—— 1. Tesla Factory Closures Lower Output; 2. JPMorgan CEO Praises AI; 3. T. Rowe Price Launches Retail Credit Fund; 4. Blackstone BREIT Redemptions Ease; 5. U.S. Office Real Estate Faces Steep Crash; 6. F-35 Program Costs Surge; 7. U.S. Bond Yields Hit New Highs 1. Tesla Factory Closures Lower Output Tesla announced today that …

Market Beats | Evergrande’s Hui Ka Yan Detained by Police; Used Car Market Under Pressure as CarMax Plunges; Lululemon and Peloton Announce Strategic Partnership; Former Blackstone Employee Charged with Insider Trading

—— Evergrande’s Hui Ka Yan Detained by Police; CarMax Stock Plunges Amid Used Car Market Pressure; Lululemon and Peloton Form Strategic Partnership; Carl Icahn Sells Entire Xerox Stake; Italian Bond Sell-Off Spreads in Europe; Former Blackstone Employee Charged With Insider Trading; US 30-Year Mortgage Rate Hits 23-Year High 1. Evergrande’s Hui Ka Yan Detained by …

Market Beats | OpenAI Plans Share Sale; Meta Launches Personalized AI Assistant; Wells Fargo Acquires Former Neiman Marcus Space; NYC’s Largest Mall Sees Municipal Bonds Downgraded

—— Hyundai and Kia Recall 3.3 Million Vehicles; OpenAI Plans Share Sale; Meta Unveils Personalized AI Assistant; Wells Fargo Launches Private Credit Fund; Wells Fargo Buys Former Neiman Marcus Space; US Mortgage Payments Jump 46%; New York’s Largest Mall Gets Bond Downgrade 1. Hyundai and Kia Recall 3.3 Million Vehicles The U.S. National Highway Traffic …

Market Beats | Evergrande Shares Plunge 22%; Americans’ Savings May Soon Be Depleted; Global Trade Volume Sees Largest Drop in 3 Years; Short Positions in UK Gilts Drop Sharply; Zara Founder Buys $230M Residential Tower

—— Citadel Eyes Cookware Company Assets; Americans’ Pandemic Savings Nearly Depleted; Evergrande Faces Liquidation, Stock Plunges 22%; Global Trade Sees Biggest Drop in 3 Years; Hedge Funds Cut UK Bond Shorts; Zara Founder Buys $230M Residential Tower; US August New Home Sales Miss Forecast 1. Citadel Eyes Cookware Company Assets Sources revealed that various assets …