In this article ADBE DECK WYNN FSR NSC NFLX PYPL HUM ARNC Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and
Guam’s governor approved a fiscal 2023 general fund net budget 14.4% larger than the current one, as revenues continue to exceed forecasts, offering some financial flexibility. Guam Gov. Lourdes Leon Guerrero signed the legislature-delivered budget earlier this week, but warned lawmakers about planning uses for excess revenues before an audit. In a memo to Legislature
Office demand is in a state of flux. The widespread adoption of hybrid work and intensifying economic headwinds have left companies unsure of their real estate needs. While both office owners and occupiers share an optimistic outlook about the future of office usage, property managers are pioneering new ways to generate revenue in the place
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Cathie Wood, Wall Street’s most vocal proponent of deflation, is getting a few high-profile supporters even as price
James Diossa, the former mayor of Central Falls, Rhode Island’s smallest city, won the state’s Democratic primary election for treasurer on Tuesday. He bested Stefan Pryor, former Rhode Island commerce secretary with 55% of the vote, according to results from the local election office. The victory advances Diossa towards a Nov. 8 general election showdown
Kwasi Kwarteng, chancellor, is seeking to scrap Britain’s cap on bankers’ bonuses, introduced after the 2008 financial crash, in a controversial move to boost the City of London’s global competitiveness. Kwarteng argues the move would make London a more attractive destination for top global talent and would be a clear signal of his new “Big
(Click here to subscribe to the Delivering Alpha newsletter.) Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. Ares Management, however, has been a beneficiary of the current environment. With hundreds
The United States equities markets and the cryptocurrency markets had been rising leading up to the Sept. 13 release of the August Consumer Price Index data, but the rally fell apart once the data showed inflation rising, rather than falling. The negative data dashed any hope of a Federal Reserve pivot in the near term
A company that plans to make diesel fuel out of plant waste has won Louisiana authorization to issue up to $1.1 billion of tax-exempt revenue bonds. The Louisiana Community Development Authority’s executive committee voted unanimously Thursday to adopt a resolution granting final approval for the private activitybond issuance to finance a large share of the
Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results include an adjustment for the observance of Labor Day. Since last year, homebuyers’ demand for mortgages has
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now, predicting that the biggest economic crash in world history is incoming. “Now is the time you need to get into crypto,” he stressed. Robert Kiyosaki Says Now Is the Time to Buy Crypto The
Municipals saw losses across the yield curve, outperforming a U.S. Treasury selloff on the front end of the curve but facing larger losses out long, while equities tumbled following a hotter-than-expected inflation report. Two- and three-year muni-UST ratios are around 64% to 67%. The five-year was at 69%, the 10-year at 82% and the 30-year
Companies have been warned by UK government officials that they will have to wait longer than households for help from its £150bn energy package, due to the difficulty of launching a support system before November. The prospect of weeks of delays is increasingly worrying business leaders, since hundreds of thousands of companies reach the end
In this article RENT CVNA Onur Dogman | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Meta – Shares of Meta slid 9.37% as the overall market fell Tuesday. The company’s bet on Reels is facing hurdles — Instagram users are spending less than one-tenth of the 197.8 million
Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month-over-month. Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month-over-month bump and year-to-year inflation sits at 8.3%. This chart
Australian toll road operator Atlas Arteria Group has agreed to spend $2 billion to buy a 67% stake in the long-term lease of the Chicago Skyway. If the transaction closes, it would mark the third time the toll road asset has changed hands since the city of Chicago first sold the 99-year lease in 2005
It’s long been recognized home buyers love a view of the blue. Due to their comparative scarcity, homes on oceans, lakes (Great and otherwise), rivers and canals consistently command more at sale time. How much more? According to some estimates, a home on a lake will garner 25 to 50 percent more than the same
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Property analysts and developers said offices, warehouses and business parks are proving resilient, and continuing to turn over steady rental revenue — albeit discounted due to softer demand. Hong Kong-listed property group KWG
Ukraine still faces “a tough fight” after Russia gave up most of the territory it had taken near Kharkiv following a lightning counteroffensive that forced many of its retreating troops to leave the country, according to the Pentagon. A senior military official said on Monday that the Russian military “had largely ceded their gains” around