Market Beats | U.S. New Home Construction Slows Sharply; Carvana Restructures Debt, Shares Soar; Sovereign Wealth Funds Become Top Private Equity Partners; Goldman Sachs Profit Plunges 58%; Blackstone AUM Poised to Top $1 Trillion

—— US New Home Construction Slows Sharply; Carvana Stock Soars on Debt Restructuring; Sovereign Wealth Funds Become PE’s Best Partners; Goldman Sachs Profit Plunges 58%; $24.8 Billion in US Office Buildings Distressed; Blackstone Nears $1 Trillion AUM; Kim Kardashian’s Skims Raises $270 Million 1. US New Home Construction Slows Sharply According to data released today …

Market Beats | Only 1% of U.S. Homes Have Changed Hands This Year; Morgan Stanley Trading Division Lags; Microsoft Unveils Pricing for New AI Tools; EV Battery Recycling Firm Raises $700M; Gucci Faces Major Management Shakeup

—— Only 1% of US Homes Changed Hands This Year; Boyu Capital Acquires Medical Device Company; Morgan Stanley Trading Unit Drags Earnings; Microsoft Unveils AI Tool Pricing; US Consumer Credit Scores Slide; EV Battery Recycling Firm Raises $700 Million; Gucci Faces Management Shakeup 1. Only 1% of US Homes Changed Hands This Year According to …

Market Beats | Evergrande Releases Highly Anticipated Earnings Report; Ford Slashes F-150 Lightning Price by $10,000; U.S. Loan Rejection Rate Hits 5-Year High; China Publishes Key Economic Indicators; U.S. Bicycle Usage Surpasses Pre-Pandemic Levels

—— Evergrande Releases Long-Awaited Financial Results; Ford Slashes F-150 Lightning Prices by $10,000; US Loan Rejection Rate Hits 5-Year High; China Publishes Key Economic Data; US Bike Share Usage Surges Past Pre-Pandemic Levels; Kingspan Acquires German Building Materials Firm; Apollo Forms Family Office Team 1. Evergrande Releases Long-Awaited Financial Results Today, China Evergrande Group disclosed …

Market Beats | WHO Labels Aspartame as Possibly Carcinogenic; BlackRock AUM Surges by $80B; Citigroup Credit Card Revenue Jumps; JPMorgan Reports Record-High Profit; U.S. Consumer Confidence Hits 2-Year High

—— BlackRock AUM Surges by $80 Billion; WHO Announces Aspartame Carcinogenicity; Citigroup Credit Card Revenue Soars; JPMorgan Net Profit Hits Record High; US Consumer Sentiment Index Reaches 2-Year High; Blackstone Sells Two Florida Warehouses; US Top 1% Income Threshold Rises 1. BlackRock AUM Surges by $80 Billion According to BlackRock’s latest Q2 report released today, …

Market Beats | Amazon Prime Day Revenue Hits Record High; Wing Launches $600M AI Investment Fund; Global Layoffs Ease, Raising Soft Landing Hopes; U.S. Office Leasing Shows Signs of Recovery; Hundreds of Thousands of Hollywood Workers Strike

—— Amazon Prime Day Sales Hit Record; Wing Launches $600M AI Fund; Global Layoffs Slow, Soft Landing Possible; U.S. Office Leasing Improves; U.S. Inflation Eases, Dollar Weakens; Hollywood Strikes Escalate; Celsius Ex-CEO Charged with Fraud 1. Amazon Prime Day Sales Hit Record Today, Amazon announced that its two-day Prime Day event saw a 6.1% year-over-year …

Market Beats | Boston Offers Tax Incentives for Office-to-Residential Conversions; U.S. Inflation Falls to 3%; Musk Launches New AI Company; Nvidia Interested in Taking Stake in Arm; Sequoia Wealth Management Eyes Real Estate Investments

—— US Inflation Rate Falls to 3%; Montage to Build $500 Million Resort; Carrefour Acquires French Supermarket Chains; Boston Offers Tax Incentives for Office-to-Housing Conversions; Musk Launches AI Company; Nvidia Interested in Arm Investment; Sequoia Heritage Eyes Real Estate Investments 1. US Inflation Rate Falls to 3% Today, the US Bureau of Labor Statistics released …

Market Beats | Temasek Posts Worst Investment Return in 7 Years; Uber CFO Plans to Depart; Salesforce Implements First Price Hike in 7 Years; Bank of America Fined $250M; Saudi Sovereign Wealth Fund Reports $11B Loss

—— Temasek Reports Worst Return in 7 Years; Uber CFO Plans Departure; 777 Partners Seeks €200 Million for Football Investments; Qatar Sovereign Fund Buys Stake in Sports Company; Salesforce Raises Prices for the First Time in 7 Years; Bank of America Fined $250 Million; Saudi Sovereign Fund Reports $11 Billion Loss 1. Temasek Reports Worst …

Market Beats | NYC Real Estate Investment Deals Drop 31%; China Extends Developer Loan Deadlines; U.S. Used Car Prices Plunge; Cava Stock Earns Widespread Praise; Rivian Shares Surge 48% in a Day

—— NYC Property Investment Transactions Drop 31%; US Earnings Season Faces Valuation Challenge; China Grants Loan Extensions to Developers; US Used-Car Prices See Record Decline; Fewer Active Video Gamers in the US; Cava Stock Gets Unanimous Analyst Praise; Rivian Shares Surge 48% in One Day 1. NYC Property Investment Transactions Drop 31% Ariel Property Advisors’ …

Market Beats | Ant Group Fined ¥7.1 Billion; U.S. Nonfarm Payroll Growth Slows; State Street Defaults on Irvine Office Loan; Samsung Expects 96% Plunge in Operating Profit; Hong Kong Eases Mortgage Loan-to-Value Ratios

—— US Nonfarm Job Growth Slows; Ant Group Fined $984 Million; State Street Defaults on Irvine Office Loans; Samsung Forecasts 96% Profit Drop; Hong Kong Relaxes Mortgage Loan-to-Value Ratios; Birkenstock Prepares IPO; Black Workers Account for 90% of US Job Losses 1. US Nonfarm Job Growth Slows The US Bureau of Labor Statistics reported today …

Market Beats | NYC Office-to-Residential Conversions Face Major Challenges; June Global Temperatures Break Historical Average; All-Cash Home Purchases Rise Again in Manhattan; U.S. VC Investment Nearly Cut in Half; New York-New Jersey Tunnel Secures Federal Funding

—— June Global Temperatures Hit Record High; More Manhattan Buyers Pay Cash; US VC Investment Nearly Halved; US Companies Added 500,000 Jobs in June; NYC Office-to-Residential Conversions Face Challenges; NYC-NJ Gateway Tunnel Wins Federal Funding; Threads Surpasses 30 Million Registrations on Launch Day 1. June Global Temperatures Hit Record High According to a report by …