— China Unexpectedly Cuts Benchmark Rate; US Retail Sales Beat Forecasts; Target Sales Drop, Investors Exit; Tesla Cuts Model S and X Prices Again; Buffett Buys $814M in Homebuilder Stocks; Apollo to Lend $4B to PE Firms; NYC Office Recovery Outpaces Other Cities 1. China Unexpectedly Cuts Benchmark Rate On Tuesday, the People’s Bank of …
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Market Beats | U.S. Luxury Rental Market Outperforms; China Leads Global Shipping Capacity; U.S. Treasury Yields Hit New High; Neymar Joins Saudi Club in Mega Deal; Zhongzhi Missed Repayments Spark Investor Panic
— US Luxury Rental Market Remains Resilient; China Becomes Global Shipping Leader; US Steel Receives Multiple Acquisition Offers; US Treasury Yields Hit New High; Neymar Joins Saudi Club with Record Deal; Private Equity Giant CVC Revives IPO Plan; Missed Payments at Zhongzhi Spark Panic 1. US Luxury Rental Market Remains Resilient A new report from …
Market Beats | Country Garden Faces $7.6B Loss; U.S. Core CPI Rises Just 0.2% in July; Biden Bans Investment in Chinese AI Firms; Rents Continue Rising Across NYC’s Three Boroughs; Xu Jiashu Plans New Development in Long Island City
— Country Garden Forecasts $7.6 Billion Loss; July Core CPI Rises Just 0.2%; Biden to Ban Investment in Chinese AI Firms; NYC Rents Keep Rising; Oaktree Launches Largest Private Credit Fund; Chris Xu Plans New LIC Project; Amazon Warehouse Portfolio Secures Refinancing 1. Country Garden Forecasts $7.6 Billion First-Half Loss Country Garden Holdings Co., China’s …
Market Beats | Inflation Falls Below 2% in U.S. City; Roblox User Decline Sends Shares Sliding; WeWork Faces Potential Bankruptcy; ESPN Partners with Sports Betting Firm; European Natural Gas Prices Surge 40%
— One U.S. City Successfully Brings Inflation Down to 2%; Roblox Users Shrink, Stock Plunges; AI Lender Upstart Shares Crash; WeWork Warns of Possible Bankruptcy; ESPN Partners with Sports Betting Firm; European Natural Gas Prices Surge 40%; Brookfield Profits Rise on Deal Spree 1. One U.S. City Successfully Brings Inflation Down to 2% In May …
Market Beats | Wegovy Weight-Loss Drug Reduces Heart Disease Risk; China’s Imports and Exports Miss Expectations; Moody’s Downgrades 10 U.S. Banks; WhatsApp Fined $260M for Business Messaging Violations
— China Trade Misses Forecast; Moody’s Downgrades 10 U.S. Banks; WhatsApp Business Use Triggers $260M in Fines; Wegovy Reduces Heart Disease Risk; U.S. Cars Face “Overweight” Issue; SoftBank Posts Third Consecutive Loss; U.S. Credit Card Debt Surpasses $1 Trillion 1. China Trade Misses Forecast China’s General Administration of Customs reported today that in July, the …
Market Beats | Tesla CFO Unexpectedly Resigns; Banks Struggle to Offload Commercial Real Estate Loans; PE Firms Offer Discounts to Attract Clients; 300,000 U.S. Student Loan Borrowers Have Died; KKR Beats Profit Distribution Estimates
— Tesla CFO Unexpectedly Resigns; Banks Struggle to Sell CRE Loans; PE Firms Offer Discounts to Attract Investors; 300,000 U.S. Student Loan Borrowers Have Died; BK Project Secures Bridge Construction Loan; KKR Distributable Profit Beats Expectations; Campbell Soup Acquires Rao’s Pasta Sauce Brand 1. Tesla CFO Unexpectedly Resigns Tesla disclosed in a filing today that …
Market Beats | 10 Injured in Long Island Rail Derailment; U.S. Productivity Growth Beats Expectations; Saudi Budget Deficit Widens; U.S. Office Space Shrinks for First Time; Buffett Increases Holdings in U.S. Treasuries; Mortgage Rates Hit 3-Week High
— U.S. Productivity Surges Past Expectations; Saudi Budget Deficit Widens; U.S. Office Space Shrinks for First Time; Buffett Buys More Treasuries; 10 Injured in Long Island Rail Derailment; U.S. Mortgage Rates Hit 3-Week High; Apollo Net Profit Jumps 75% 1. U.S. Productivity Surges Past Expectations The U.S. Bureau of Labor Statistics reported today that labor …
Market Beats | U.S. Government Credit Rating Downgraded; Amazon Overhauls Grocery Business; United Airlines May Order 200 New Jets; NYC’s Central Park May Shelter Migrants; Apple’s High-Yield Savings Account Attracts Billions
— U.S. Government Credit Rating Downgraded; 324,000 Private Sector Jobs Added in July; Amazon Revamps Grocery Business; Salesforce Expands Layoffs; American Airlines May Order 200 New Planes; NYC May House Migrants in Central Park; Apple High-Yield Account Draws in $10 Billion 1. U.S. Government Credit Rating Downgraded Today, Fitch Ratings downgraded the U.S. government’s credit …
Market Beats | U.S. Foreign Homebuyer Activity Hits Record Low; Merck Sees Strong Sales of HPV and Cancer Drugs; Uber Reports First Operating Profit; U.S. Job Openings Fall to 2-Year Low in July; NYC Cost of Living Rises Again in August
— Foreign Purchases of U.S. Homes Hit 14-Year Low; Merck Sees Strong Sales of HPV and Cancer Drugs; Uber Posts First Operating Profit; U.S. Job Openings Hit 2-Year Low; NYC Cost of Living Rises Again in August; Two Former Blackstone Execs Launch $1B Fund; Retail Investors Fuel Nikola’s 470% Rally 1. Foreign Purchases of U.S. …
Market Beats | Country Garden Chair Donates 55% of Shares; U.S. to Issue $100B in Long-Term Bonds; 5% Mortgage Rate Becomes Key Threshold; Century-Old Sandal Brand Prepares for September IPO; AT&T Cuts 1,000 Jobs Amid Business Struggles
— U.S. to Issue $100B in Long-Term Treasuries; 5% Mortgage Rate a Key Tipping Point; Eurozone Inflation Slows, Economy Grows; Birkenstock Plans September IPO; AT&T to Cut Thousands of Jobs; Country Garden Chair Donates 55% of Stake; YouTube Star Sues Food Partner 1. U.S. to Issue $100B in Long-Term Treasuries This week, the U.S. will …