— GM announces adoption of Tesla charging technology; NYC subsidizes $300 daily for migrant housing; Sushi chain loses billions from prank; China boosts EV subsidies; Sequoia splits into three; S&P 500 enters bull market; VISA acquires Brazilian FinTech company 1. GM announces adoption of Tesla charging technology On Thursday, General Motors CEO Mary Barra tweeted …
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Market Beats | Manhattan Apartment Rentals Move at Record Pace; Microsoft Subleases Times Square Office Space; Blackstone Sells Texas Resort for $800M; Developer Rejected by 48 Lenders for Apartment Project; Moving from NYC to Miami Could Save $200K
— Manhattan Apartment Leasing Surges; TikTok Sets $20B E-commerce Goal; Microsoft Subleases Times Square Offices; Blackstone Sells Texas Resort for $800M; Uber Vows Emissions & Plastic Cuts; Developer Rejected by 48 Lenders; Moving to Miami Saves $200K 1. Manhattan Apartment Leasing Surges According to the latest data from brokerage firm Douglas Elliman Real Estate, in …
Market Beats | Canadian Wildfire Smoke Blankets New York; Goldman Sells Irish Mall at a Loss; U.S. CMBS Delinquency Rates Continue to Rise; Google Plans Launch of AI Advisory Services; Tesla Shares Hit 7-Month High Again
—— Canadian Wildfire Smoke Blankets New York; China’s Export Volume Drops; Dell Family Office Gains $10 Billion; Goldman Sells Irish Mall at a Loss; U.S. CMBS Delinquency Rate Continues to Climb; Google Plans AI Consulting Services; Tesla Hits Seven-Month High 1. Canadian Wildfire Smoke Blankets New York Due to wildfires in Canada, New York City …
Market Beats | Apple Unveils Mixed Reality Headset; Biden Signs Debt Ceiling Bill; Apple Stock Hits All-Time High; U.S. Bull Market May Be Short-Lived; Ares Launches $8.7B Loan Fund
—— Apple Hits All-Time High; Biden Signs Debt Ceiling Law; U.S. Bull Market May Be Short-Lived; Longest Direct Flights Carry 20% Premium; Ares Launches $8.7B Loan Fund; Apple Unveils Mixed Reality Headset; Tourism Fuels Japan’s Inflation 1. Apple Hits All-Time High Today, Apple’s stock reached an all-time high of $183.76, surpassing its previous record set …
Market Beats | U.S. Job Growth Smashes Expectations in May; Swire to Develop $1B Tower in Miami; China Drafts New Policies to Boost Real Estate; Apple to Open 53 New Stores; Amazon May Launch Free Communication Service
—— U.S. Jobs “Smash” Forecasts in May; Meta Mandates 3 Office Days; Swire Plans $1B Miami Towers; China Drafts New Property Policies; Apple to Refurbish 53 Stores; Amazon May Launch Free Wireless Plan; NYC Multifamily Property Snapshot 1. U.S. Jobs “Smash” Forecasts in May In May, the U.S. added a total of 339,000 non-farm jobs, …
Market Beats | LVMH Chief Plans Visit to China; U.S. Real Estate Risks Recession; Salesforce Loses Its Shine, Worries Investors; Alibaba Challenges ChatGPT; Low-Cost Alternatives Emerge for Expensive Drug Humira
—— U.S. Real Estate Nearing Recession; LVMH CEO Plans China Visit; Macy’s Cuts Outlook, Shares Fall 15%; Apollo, Bain Eye Shinko Stake; Salesforce Faces Shareholder Concerns; Alibaba Challenges ChatGPT; Humira Gets Affordable Alternative 1. U.S. Real Estate Nearing Recession Ross Perot Jr., a 64-year-old real estate developer worth over $1 billion, said in a Bloomberg …
Market Beats | Musk Visits China, Meets with Officials; U.S. Debt Ceiling Bill Makes Key Progress; Goldman Plans Third Round of Layoffs; Commodity Price Drops Signal Deflationary Trend; Google Subleases Silicon Valley Office Space
—— U.S. Job Openings Unexpectedly Surge; Twitter Subscription Model Fails; Debt Ceiling Deal Makes Key Progress; Goldman Plans Third Round of Layoffs; Falling Commodity Prices Bring Disinflation; Google to Sublease Silicon Valley Offices; Musk Visits China to Meet Officials 1. U.S. Job Openings Unexpectedly Surge The U.S. Department of Labor’s latest Job Openings and Labor …
Market Beats | Nvidia Market Cap Tops $1 Trillion; Manhattan Apartment Tower Secures Apollo Loan; Saudi Firm’s IPO Oversubscribed 69x; Singapore Invests in Century-Old Family Business; Li Auto Stock Doubles in Value
—— Apollo Finances Manhattan Apartment Deal; Saudi IPO Oversubscribed 69 Times; Nvidia Breaks $1 Trillion Valuation; Deutsche Bank Hires Aggressively; Singapore Invests in Centuries-Old German Firm; Li Auto Stock Doubles; Case-Shiller Index Rises Two Months in a Row 1. Apollo Finances Manhattan Apartment Deal Private equity firm Apollo Global Management will provide a $68 million …
Market Beats | Nvidia Stock Soars 29%; BlackRock ETFs Boost Tech Holdings; U.S. Multifamily Landlords Under Water; Chanel Handbags May See Another Price Hike in September; U.S. Treasury Yields Top 7%
—— BlackRock ETF Ramps Up Tech Holdings; Nvidia Stock Surges 29%; U.S. Apartment Owners Bleed Cash; Chanel Handbags May Rise Again in September; U.S. Home Sales Slip Again; T-Bill Yields Exceed 7%; Office REIT Index Hits New Low 1. BlackRock ETF Ramps Up Tech Holdings This Friday, BlackRock’s $9 billion momentum ETF—MTUM—will undergo a portfolio …
Market Beats | Blackstone Acquires Assets from U.S. Regional Banks; Tech Grads Shift Toward Finance Careers; Fundrise Launches $500M Credit Fund; China’s 2023 Stock Market Gains Wiped Out
—— Blackstone Eyes Regional Bank Assets; $200 Billion in Real Estate Debt Falls Below Par; Tech Grads Pivot to Finance; Meta Layoffs Near Completion; 30-Year Mortgage Rate Hits 6.69%; Fundrise Launches $500M Credit Fund; China Stock Gains for 2023 Wiped Out 1. Blackstone Eyes Regional Bank Assets Blackstone CEO Steve Schwarzman said in a video …