Market Beats | Citadel Investors Pocket $16B in Returns; Spotify Lays Off 6% of Workforce; NYC Industrial Market Booms in Q4; Meridian Brokers Deal for New Flushing Development

—— Citadel Investors Take Home $16 Billion; Spotify Lays Off 6% of Staff; JPMorgan Model Optimistic About Economy; Remote Work Saves Employees Over an Hour; NYC Industrial Space Booms in Q4; Qatar Sovereign Fund Increases Stake in Credit Suisse; Meridian Brokers New Flushing Building Deal 1. Citadel Investors Take Home $16 Billion Last year, Ken …

Market Beats | Google Parent Lays Off 12,000 Employees; Real Estate Sector Faces $100B Debt Crisis; U.S. Dollar Sinks to Lowest Since July; Netflix Co-Founder Steps Down as CEO; U.S. Existing Home Sales Poised for Recovery

—— Google Parent Cuts 12,000 Jobs; Real Estate Sector Faces $100 Billion Debt Crisis; Dollar Falls Sharply to July Low; Hong Kong Hedge Fund Buys Into Restaurant Group; Netflix Founder Steps Down as CEO; U.S. Existing Home Sales May Recover; Deutsche Bank Raises Trader Bonuses 1. Google Parent Cuts 12,000 Jobs Today, Alphabet CEO Sundar …

Market Beats | Usain Bolt’s Millions Go Missing; Hochul Plans 800,000 New Housing Units for NYC; Florida Villas Yield Up to 86% Returns; JPMorgan Pours Billions into Private Credit; KKR Real Estate Fund Sets Redemption Limits

—— Hochul Plans 800,000 New Homes in New York; Bolt’s $12 Million Savings Vanish; U.S. Jobless Claims Drop; Florida Villas Yield 86% Returns; JPMorgan Enters Private Credit With $10 Billion; Dr. Martens Shares Plunge 25%; KKR Fund Limits Withdrawals 1. Hochul Plans 800,000 New Homes in New York On January 10, New York State Governor …

Market Beats | U.S. Mortgage Applications Jump 28%; Bank of America Halts Hiring; Amazon Cuts 18,000 Jobs; Microsoft Lays Off 10,000 with $1.2B in Severance; Crypto Firm Genesis Files for Bankruptcy

—— U.S. Mortgage Applications Jump 28%; JPMorgan Slashes Investment Bank Bonuses; Bank of America Freezes Hiring; Amazon Cuts 18,000 Jobs Today; Microsoft Lays Off 10,000 with $1.2B Charge; Crypto Firm Genesis Files for Bankruptcy; Brookfield Real Estate Fund Drops for Second Month 1. U.S. Mortgage Applications Jump 28% According to data released today by the …

Market Beats | NYC Property Values Rise 6.1%; China Sees First Population Decline in 60 Years; Citi Calls Low-Performing Staff Back for Training; $20B Pulled from U.S. Real Estate Funds; Microsoft Begins Engineering Layoffs This Week

—— NYC Property Values Rise 6.1%; China’s Population Declines for First Time in 60 Years; Citi Summons Inefficient Staff for Training; $20 Billion Pulled From U.S. Real Estate Funds; Microsoft Begins Engineering Layoffs This Week; Roblox Surges 15% on Strong Performance; Moderna RSV Vaccine Shows Promising Results 1. NYC Property Values Rise 6.1% According to …

Market Beats | University of California Investment in Blackstone Sparks Union Backlash; Pfizer COVID Vaccine Linked to Potential Stroke Risk; Tesla Launches Major EV Discounts; Macy’s Apparel Brand Stock Soars 232%; U.S. Markets Extend Winning Streak to Six Days

—— University of California’s Blackstone Deal Angers Unions; BofA Net Interest Income Misses Forecast; Pfizer COVID Shot May Raise Stroke Risk; Tesla Launches Major EV Price Cuts; Messi Apparel Stock Soars 232%; U.S. Stocks Up 6 Days Straight; Williamsburg Hotel Sells for $96M 1. University of California’s Blackstone Deal Angers Unions Today, the union representing …

Market Beats | Retail Trader Loses $800K on Tesla Bets; Morgan Stanley Employee Steals JPMorgan Client Data; Sandwich Chain Subway Considers Sale; U.S. Inflation Eases Again in December

—— Morgan Stanley Staff Poaches JPMorgan Clients; Subway Considers $10 Billion Sale; U.S. Inflation Cools in December; Retail Investor Loses $800K on Tesla; Foster Farm Chickens Starve; U.S. Budget Deficit Rises 12%; U.S. 30-Year Mortgage Rates Drop Significantly 1. Morgan Stanley Staff Poaches JPMorgan Clients This week, JPMorgan Securities LLC filed a complaint in federal …

Market Beats | BlackRock Announces First Layoffs Since 2019; FTX Identifies $4.6B in Sellable Assets; BBBY Shares Soar 67%; Apple Plans In-House Display Production; Microsoft Introduces Unlimited Vacation for Employees

—— BlackRock Announces First Layoffs Since 2019; FTX Finds $4.6 Billion in Liquid Assets; Retail Frenzy Sends BBBY Stock Up 67%; Goldman Predicts $110 Oil; Apple to Manufacture Own Screens; P&G Acquires Haircare Brand; Microsoft to Offer Unlimited Paid Leave 1. BlackRock Announces First Layoffs Since 2019 Today, BlackRock CEO Larry Fink and President Rob …

Market Beats | Microsoft in Talks to Invest $10B in OpenAI; U.S. Office Landlords Pivot to Residential Properties; UK’s First Satellite Launch Mission Fails; FTX Burned a Star-Studded Lineup of Investors

—— U.S. Office Landlords Expand Into Residential; Coinbase Cuts 20% of Workforce; Microsoft in Talks for $10 Billion OpenAI Deal; UK Satellite Launch Ends in Failure; Top 5 Most Congested Cities Ranked; World Bank Slashes Global GDP Forecast; FTX Wipes Out Star-Studded Shareholder List 1. U.S. Office Landlords Expand Into Residential In recent years, office …

Market Beats | Citadel to Build 411-Meter Manhattan Headquarters; Family Offices Embrace New Investment Trends; Goldman Sachs to Lay Off 3,200 This Week; KKR Takes Over Meta’s Manhattan Office Lease; Three Pharmaceutical Firms Acquired

—— Family Offices Embrace Direct Investment Trend; Citadel to Build 411m Manhattan HQ; Morgan Stanley Veteran Resigns After 28 Years; Goldman to Lay Off 3,200 This Week; KKR Takes Over Meta’s Hudson Yards Space; Three Biopharma Firms Acquired; Lululemon Profit Margin Unexpectedly Falls 1. Family Offices Embrace Direct Investment Trend According to a new report …