Market Beats | U.S. Existing Home Sales Fall for Second Straight Month; Massachusetts Loses $1 Billion in Income Due to Population Outflow; Extreme Flood Risk in NYC Basements; Global Luxury Giants See Stock Sell-Off; NYSE Parent Company Fined Tens of Millions; Swing States Fear Election-Related Violence; Target Issues Warning, Shares Drop 9%

—— U.S. Existing Home Sales Fall for Second Month; Population Exodus Costs Massachusetts $1B; NYC Basement Flood Risk High; Global Luxury Stocks Slide; NYSE Parent Fined $10M; Swing States Fear Election Violence; Target Issues Warning, Shares Drop 9% 1. U.S. Existing Home Sales Fall for Second Month According to data released today by the National …

Market Beats | Deadly Turbulence Hits Singapore Airlines Flight; Macy’s Beats Profit Expectations with Operational Turnaround; S&P 500 Hits Record High for 24th Time; Shareholders Oppose Musk’s Mega Pay Package; Toll Brothers Home Sales Beat Forecasts; New Yorkers Can Only Afford 4% of Apartments

—— Deadly Turbulence Hits Singapore Airlines Flight; Macy’s Beats Expectations as Operations Improve; S&P 500 Hits 24th Record High; Shareholders Oppose Musk’s $56B Package; Toll Brothers Sales Beat Forecast; Only 4% of NYC Rentals Are Affordable 1. Deadly Turbulence Hits Singapore Airlines Flight ingapore Airlines issued a statement saying a flight from the UK to …

Market Beats | Iranian President Dies in Helicopter Crash; Nordstrom Chairman Passes Away; Gold Prices Hit Another Record High; Red Lobster Files for Bankruptcy; Job Market Tough for New Graduates

—— Blue Origin Resumes Tourist Rocket Launch; Iranian President Dies in Helicopter Crash; Nordstrom Chairman Passes Away; Gold Hits New Record; Red Lobster Files for Bankruptcy; Job Market Tough for New Graduates 1. Blue Origin Resumes Space Tourism Launch On Sunday, Jeff Bezos’ Blue Origin resumed space tourism flights with the launch of its New Shepard …

Market Beats | Rate Cut Could Bring Down Inflation; PBOC Lends $42b to Buy Unsold Homes; JPMorgan Signs New Florida Office; Fed Chief Powell Tests Positive for Covid; Voters Prefer Trump on Economy; GameStop to Sell 45mn New Shares; Richemont Hires VCA Head as CEO

—— Rate Cut Could Bring Down Inflation; PBOC Lends $42b to Buy Unsold Homes; JPMorgan Signs New Florida Office; Fed Chief Powell Tests Positive for Covid; Voters Prefer Trump on Economy; GameStop to Sell 45mn New Shares; Richemont Hires VCA Head as CEO 1. Rate Cut Could Bring Down Inflation Rick Rieder of BlackRock Inc. …

Market Beats | Ray Dalio Warns of US Debt Risk; US Housing Starts Fall Short; Dow Jones Hits 40,000 Milestone; Billionaire Increases Chinese Stock Holdings; Walmart Posts Better Than Forecast Earnings; AI Hype Fades For Lack of Breakthrough; Starwood Tapes Credit As Investors Withdraw

—— US Housing Starts Fall Short; Dow Jones Hits 40,000 Milestone; Billionaire Increases Chinese Stock Holdings; Walmart Posts Better Than Forecast Earnings; AI Hype Fades For Lack of Breakthrough; Ray Dalio Warns of US Debt Risk; Starwood Tapes Credit As Investors Withdraw 1. US Housing Starts Fall Short In April, new home construction in the …

Market Beats | China Considers Buying Back Unsold Homes; April CPI Data Supports Rate Cut; Netflix Buys NFL Games Streaming Rights; US Homebuilder Sentiment Drops; Biden, Trump to Debate Live Twice; OpenAI Rival Hires Instagram Founder; JBS to Commercialize Biogas

—— April CPI Data Supports Rate Cut; Netflix Buys NFL Games Streaming Rights; US Homebuilder Sentiment Drops; Biden, Trump to Debate Live Twice; OpenAI Rival Hires Instagram Founder; JBS to Commercialize Biogas; China Considers Buying Back Unsold Homes 1. April CPI Data Supports Rate Cut The consumer price index (CPI) rose by 0.3% in April …

Market Beats | AWS Chief to Step Down; NY to Redevelop Brooklyn Coastline; Uber Buys Taiwan Delivery Business; Fed Disappointed in Inflation Progress; GameStop Hard to Rally Like 2021; EQT-Backed Waystar to Go IPO; De Beers to Be Sold or Spun Off

—— AWS Chief to Step Down; NY to Redevelop Brooklyn Coastline; Uber Buys Taiwan Delivery Business; Fed Disappointed in Inflation Progress; GameStop Hard to Rally Like 2021; EQT-Backed Waystar to Go IPO; De Beers to Be Sold or Spun Off 1. AWS Chief to Step Down Adam Selipsky, the head of Amazon.com Inc.’s cloud-computing division, …

Market Beats | Squarespace Privatized After Brief IPO; GameStop Shares More Than Double; Intell, Apollo to Build Ireland Plant; Apple to Sell VR Headset Internationally; UAE Releases New AI Model; JPMorgan Buys Queens Retail Plaza; CRE Loan Distress Rate Hits New High

—— Squarespace Privatized After Brief IPO; GameStop Shares More Than Double; Intell, Apollo to Build Ireland Plant; Apple to Sell VR Headset Internationally; UAE Releases New AI Model; JPMorgan Buys Queens Retail Plaza; CRE Loan Distress Rate Hits New High 1. Squarespace Privatized After Brief IPO Permira is purchasing Squarespace Inc. for approximately $6.6 billion …

Market Beats | Biden to Announce New China Tariffs; US Consumer Sentiment Sharply Drops; Tesla to Invest $500m on Supercharger; Zeekr Jumps 40% After US IPO; Fed Cautious of CRE Loan Delinquency; Biden Advisor Proposes Higher Corporate Tax; Novavax Jumps 146% On New Deal

—— Biden to Announce New China Tariffs; US Consumer Sentiment Sharply Drops; Tesla to Invest $500m on Supercharger; Zeekr Jumps 40% After US IPO; Fed Cautious of CRE Loan Delinquency; Biden Advisor Proposes Higher Corporate Tax; Novavax Jumps 146% On New Deal 1. Biden to Announce New China Tariffs The Biden administration is set to …

Market Beats | Ex-NBA Player Sentenced to 40 Months; More US Mortgages Go Underwater; $3B PE-owned Companies Await Exit; Airbnb Drops 8.5%; US Jobless Claims Jumps by 22,000; Warner Bros Posts Disappointing Earnings; Manhattan Rent Could Break Historical High

—— More US Mortgages Go Underwater; $3B PE-owned Companies Await Exit; Airbnb Drops 8.5%; US Jobless Claims Jumps by 22,000; Warner Bros Posts Disappointing Earnings; Manhattan Rent Could Break Historical High; Ex-NBA Player Sentenced to 40 Months 1. More US Mortgages Go Underwater As of the first few months of 2024, approximately one in 37 …