—— Fed Hikes Rates by 25 Basis Points; U.S. Mortgage Rates Fall to 5-Week Low; BitRock Launches $100M Fintech Fund; Carvana in $9B Debt Talks; Rakuten Prepares Landmark IPO; Life Storage Gets Acquisition Offer; Big Banks Bearish on Commercial Real Estate 1. Fed Hikes Rates by 25 Basis Points Today, the Federal Reserve announced a …
Tag Archives: Industry Express
Market Beats | U.S. Existing Home Sales Hit 3-Year High; 30,000 Los Angeles School Staff Go on Strike; Global Corporate Layoffs Exceed 470,000; Over Half of Nestlé Products Lack Nutritional Value; Swedish Pension Fund Sparks Public Outrage
—— U.S. Existing Home Sales Surge Most in 3 Years; Homebuilder Index Up 17%; 30,000 LA School Workers Strike; Global Layoffs Exceed 470,000; Over Half of Nestlé’s Products Lack Nutritional Value; Swedish Pension Fund Sparks Outrage; Nike Beats Revenue Expectations as Inventory Eases 1. U.S. Existing Home Sales Surge Most in 3 Years According to …
Market Beats | UBS Acquisition of Credit Suisse Angers Bondholders; Amazon to Lay Off Another 9,000 Employees; Rapid AI Progress Sparks Regulatory Concerns; Virgin Orbit Faces Bankruptcy Threat; University of Cambridge Generates £10B in Annual Value
—— UBS-Credit Suisse Deal Angers Bondholders; Evergrande May Reveal Restructuring Plan; Amazon to Cut 9,000 More Jobs; First Republic Downgraded Amid Stock Crash; AI Advances Stir Regulatory Alarm; Virgin Orbit Faces Bankruptcy Threat; Cambridge University Adds £30 Billion to Economy Annually 1. UBS-Credit Suisse Deal Angers Bondholders On Sunday, UBS announced it would acquire Credit …
Market Beats | WeWork Completes Major Capital Restructuring; SVB Files for Chapter 11 Bankruptcy Protection; AI Company IPO Oversubscribed 136 Times; Over 1,000 Google Employees Petition CEO
—— WeWork Finalizes Major Capital Restructuring; SVB Files for Chapter 11 Bankruptcy; AI IPO Oversubscribed 136 Times; BlackRock Fixed Income Strategist Retires; SPY ETF Sees $300 Billion Inflow in One Day; Coinbase Plans Overseas Platform; 1,400 Google Employees Petition CEO 1. WeWork Finalizes Major Capital Restructuring Today, co-working company WeWork announced that key investor SoftBank …
Market Beats | U.S. New Housing Starts Accelerate; First Republic Considers a Sale; U.S. Demands TikTok’s Chinese Owners Divest; Stripe Raises $6.5B as Valuation Is Halved
—— U.S. Housing Starts Accelerate; First Republic Considers Sale; Couche-Tard Acquires 2,000 Gas Stations; U.S. Demands TikTok Chinese Owners Divest; Stripe Raises $6.5B at Halved Valuation; Jobless Claims Fall Sharply; Baidu’s Chatbot Demo Disappoints 1. U.S. Housing Starts Accelerate According to data released today by the U.S. government, housing starts in February rose 9.8% to …
Market Beats | Credit Suisse Reignites Banking Panic; U.S. PPI Decline Supports Anti-Inflation Efforts; PwC Launches Legal Chatbot Assistant; Blackstone Defaults on $325M CMBS Loan
—— Credit Suisse Reignites Banking Panic; U.S. PPI Decline Supports Fed Pause; PwC Launches Chatbot for Lawyers; BMW Prices Up 40% in Three Years; NYC Ranks Last for Salary Savings; $15B in Deposits Flow to U.S. Banks; Blackstone Defaults on $325M CMBS 1. Credit Suisse Reignites Banking Panic Today, Ammar Al Khudairy, chairman of Credit …
Market Beats | Apollo and Blackstone May Acquire SVB Assets; U.S. Core CPI Rises More Than Expected in February; Saudi Arabia Orders $37B Worth of Boeing Jets; Meta to Lay Off Another 10,000 Employees; U.S. Egg Prices Finally Decline
—— Apollo and Blackstone Eye SVB Assets; U.S. Core CPI Rises Above Forecast; U.S. Job Posting Transparency Improves Sharply; Saudi Orders $37 Billion in Boeing Jets; Meta Lays Off Another 10,000; U.S. Egg Prices Finally Drop; Bitcoin Surges Past $26,000 1. Apollo and Blackstone Eye SVB Assets Sources revealed that private equity giants Apollo Global …
Market Beats | Fed May Cut Rates in March to Stabilize Banks; Morgan Stanley Advises Selling Into Market Strength; HSBC Acquires SVB UK Unit; Charles Schwab Loses $29B in Assets; NYC Mayor Backs Office-to-Residential Projects in Manhattan
—— Fed May Cut Rates in March to Rescue Banks; Pfizer Acquires Cancer Drugmaker; Morgan Stanley Urges Profit-Taking on Rallies; China Produces 77% of Global Cobalt; HSBC Buys SVB’s UK Unit; Schwab Loses $2.9B in Wealth; NYC Mayor Backs Office-to-Residential Projects 1. Fed May Cut Rates in March to Rescue Banks On Sunday, the U.S. …
Market Beats | Fed May Cut Rates in March to Stabilize Banks; Morgan Stanley Advises Selling Into Market Strength; HSBC Acquires SVB UK Unit; Charles Schwab Loses $29B in Assets; NYC Mayor Backs Office-to-Residential Projects in Manhattan
—— Silicon Valley Bank Faces Bank Run Crisis; U.S. February Jobs Data Mixed; Elliott Sells UK Data Center; JD.com Revenue Growth Slows Sharply; Adani Sells Shares to Repay Debt; U.S. Mortgage Payments Hit Record High; U.S. FY2023 Fiscal Deficit Surges 1. Silicon Valley Bank Faces Bank Run Crisis On Thursday, Silicon Valley Bank (SVB) announced …
Market Beats | U.S. Jobless Claims Exceed Expectations; Biden Proposes Sweeping Tax Hike Bill; Manhattan Rents Remain Stubbornly High; Goldman Sachs Sells Single-Family Rental Portfolio; ARK Fund Investors Lose $10B
—— U.S. Jobless Claims Exceed Expectations; Biden Proposes New Tax Plan; Manhattan Rents Remain Resilient; CATL Nearly Doubles Net Profit; Goldman Sells Single-Family Rental Portfolio; Rockrose Secures Nearly $100M Refinance; ARK Fund Investors Lose $10 Billion 1. U.S. Jobless Claims Exceed Expectations The U.S. Department of Labor released new data today showing that for the …