Market Beats | Musk Steps Down as Twitter CEO; Major Shareholder Opposes Fantasia Debt Restructuring; U.S. Default Could Push Mortgage Rates to 8%; Former Trader Charged in $2M Ponzi Scheme

—— Elon Musk Steps Down as Twitter CEO; Fantasia’s Debt Plan Opposed by Major Shareholder; U.S. Mortgage Rates Could Hit 8% on Default; Retail Leasing Slows Amid Record-Low Availability; Ex-Trader Runs $2M Ponzi Scheme; SoftBank Reports $2B Quarterly Loss; George Soros Dumps Tesla Stock 1. Elon Musk Steps Down as Twitter CEO On Thursday, Elon …

Market Beats | Golf Craze Cools as Callaway Shares Plunge; Disney+ Losses May Widen Further; Global Luxury Home Prices Fall for First Time in Over a Decade; 2 Million Peloton Devices Flagged for Safety Issues

— EQT Plans £4.6 Billion Takeover of Dechra; Disney+ Losses May Widen Further; Golf Boom Cools as Callaway Plunges; Honda Raises Forecast on Supply Chain Gains; Global Luxury Home Prices Fall for the First Time in Over a Decade; Safety Risk Found in 2 Million Peloton Bikes; BlackRock Revamps Alternative Investments Division 1. EQT Plans …

Market Beats | SOEs Leaving Big Four Hit EY Hardest; Software AG Rejects Bain’s Acquisition Offer; Chicago Mega Project Delayed Three Years; Goldman’s Marcus Savings Rate Hits Record High

— Central SOEs Depart from Big Four, EY Takes the Biggest Hit; High Rates Squeeze Affirm’s Profit; Software AG Rejects Bain’s Offer; Chicago Megaproject Delayed Three Years; Goldman’s Marcus Hits Record Savings Rate; WeWork Restructures with Strong Results; Related to Build Luxury Hotel at Miami Airport 1. Central SOEs Departing Big Four Hit EY the …

Market Beats | NYC Spending $8M Daily on Migrant Crisis; Occidental to Redeem Buffett’s Preferred Shares; Goldman Pays $215M to Settle Lawsuit; China’s Export Growth Slows; Bay Area Home Prices Lead U.S. Gains

— NYC Spending $8 Million a Day on Migrants; Occidental to Repurchase Buffett’s Preferred Shares; Retail Traders Flock to Risky Regional Bank Options; Goldman to Pay $215 Million to Settle Lawsuit; China Export Growth Slows; Palantir’s New AI Tools in High Demand; Bay Area Leads U.S. in Home Price Increases 1. NYC Spending $8 Million …

Market Beats | Biden Approval Rating Hits Record Low; Cheung Kei Chairman’s Hong Kong Assets Liquidated; Chinese Bank Stocks Surge to Record Highs; Brooklyn Real Estate Investment Halves; Saudi Government Faces Budget Deficit

— Biden’s Approval Rating Hits Record Low; Saudi Developer Red Sea Plans IPO; Brookfield to Sell Telecom Stake; Cheung Kei Chairman’s Hong Kong Assets Liquidated; Chinese Bank Stocks Soar to Multi-Year High; Brooklyn Property Investment Halved; Saudi Government Falls Into Budget Deficit 1. Biden’s Approval Rating Hits Record Low According to the latest poll by …

Market Beats | U.S. Job Growth Surges as Unemployment Falls Again; Carvana Rebounds with Soaring Stock Price; WHO Ends COVID Global Emergency Status; New Home Listings Plunge in U.S.; MTA Buys $80M Plot for New Subway Station

— U.S. Job Growth Surges as Unemployment Rate Drops Again; Apple Revenue Decline Beats Expectations; Carvana Shares Soar on Narrower Loss; WHO Ends Global Covid Emergency; April New Home Listings Plunge; PacWest Fuels Regional Bank Rally; MTA Buys $82M Harlem Site for Subway Project 1. U.S. Job Growth Surges as Unemployment Rate Drops Again The …

Market Beats | U.S. CMBS Delinquency Rate Rises for Consecutive Months; TD’s Acquisition of First Horizon Falls Through; Johnson & Johnson Spinoff Sets IPO Record; U.S. Homeowner Equity Share Nears Record High

— U.S. CMBS Delinquencies Rise for Consecutive Months; Fed Raises Rates by 25 Basis Points; Shopify Sells Logistics Unit and Cuts Jobs; TD Abandons First Horizon Merger; J&J Pharma Unit Sets IPO Record; U.S. Homeowner Equity Near Record; Continuing Jobless Claims Decline 1. U.S. CMBS Delinquencies Rise for Consecutive Months According to data from CRED …

Market Beats | NYC Rent-Stabilized Apartments Face Major Reform; Manhattan Office Leasing Slumps Further; U.S. Job Openings Fall Short of Expectations; Goldman Sachs Develops Dallas Office Campus; SEC Introduces 72-Hour Disclosure Rule

— NYC Rent-Stabilized Apartments Face Major Shift; Manhattan Office Leasing Slows Further; AI Fintech Firm Raises $80M; U.S. Job Openings Miss Forecasts; Goldman Builds Dallas Campus; SEC Introduces 72-Hour Disclosure Rule; Toronto Home Sales Surge 1. NYC Rent-Stabilized Apartments Face Major Shift At a meeting held Tuesday, New York City’s Rent Guidelines Board announced that …

Market Beats | AI May Replace 8,000 IBM Jobs; Morgan Stanley to Cut 3,000 Staff; Investor Carl Icahn Accused of Ponzi-Like Scheme; China Sees Travel Surge During May Day Holiday; LA Multifamily Property Values Plunge

— AI May Replace 8,000 IBM Employees; Morgan Stanley to Cut 3,000 Jobs; Uber Breaks Records on Strong Ride Demand; Pfizer Revenue Crushes Expectations; Carl Icahn Accused of Ponzi Scheme; May Day Travel Boom Overwhelms China; LA Multifamily Property Values Plunge 1. AI May Replace 8,000 IBM Employees IBM CEO Arvind Krishna revealed in an …

Market Beats | JPMorgan Invests in Fertility Startup; First Republic May Be Removed from S&P 500; Jack Ma Named Visiting Professor at University of Tokyo; Charlie Munger Bearish on Commercial Real Estate

— JPMorgan Invests in Fertility Startup; First Republic May Be Removed from S&P 500; Jack Ma Named Visiting Professor at Tokyo University; Super Mario Breaks $1 Billion Box Office; Charlie Munger Bearish on Commercial Real Estate; Rivian Loses Investor Confidence; New York State Releases FY2024 Budget 1. JPMorgan Invests in Fertility Startup Morgan Health, the …