Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market. The willingness of some lenders to take losses on so-called performing real estate loans follows multiple warnings that
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Reinvestment needs will top new-issue supply by about $30 billion from June to August, which should boost the asset class after May’s atypical losses. Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data. While June often begins softer as investors assess how new-issue
Ben Rains explores the wider stock market to start June as Wall Street officially moves beyond debt-ceiling fears. The episode then dives into three large-cap technology stocks—Intuit Inc. (INTU), Garmin (GRMN), and Paycom Software (PAYC)—with strong histories of outperformance over the last roughly 10 years and solid growth outlooks that are still trading roughly 40%
In this article JACK CELH TFII-CA UAL PRTS CZR LOVE FIVE SAIA DSKE Follow your favorite stocksCREATE FREE ACCOUNT A man carrying a box leaves a Deutsche Bank office in London, Britain July 8, 2019. Simon Dawson | Reuters Despite the disruption from the pandemic, the services sector has continued to grow over the past
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Check out the companies making headlines after the bell: Lululemon — Lululemon’s stock popped 12% after the athletics apparel retailer posted better-than-expected fiscal first quarter earnings and lifted its full-year guidance. The company also reported
A rarie estate in the Ortega Ranch neighborhood of Montecito makes the most of California’s sunny skies with wide-lens views of the Pacific Ocean that span the horizon. One of only 14 homes in the private enclave, the newly renovated home sits on about 5 acres of lushly landscaped grounds. Quiet roads, access to a
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York. Newsday LLC | Newsday | Getty Images Mortgage rates shot higher last week, as stronger economic data stoked more fear that the Federal Reserve will not lower interest rates anytime soon. In turn, mortgage demand dropped
Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around
Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year.
Top Stories This Week Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit A group of Dogecoin investors has requested leave to amend a class-action lawsuit against tech entrepreneur Elon Musk, alleging he is responsible for insider trading of DOGE and asserting the token is a security under U.S. Securities and Exchange
AES Puerto Rico, a firm that supplies about 21% of the electricity transmitted by the Puerto Rico Electric Power Authority, defaulted Thursday, missing an $18 million interest and principal payment on outstanding municipals it priced through a conduit in 2000. In a notice to the Municipal Securities Rulemaking Board’s EMMA site on Friday, AES Puerto
China has warned western militaries to stay out of waters and airspace near its borders if they want to avoid dangerous run-ins with the People’s Liberation Army, putting on display the growing risks of unintended conflict as geopolitical competition grows. The blunt message from General Li Shangfu, China’s new defence minister, followed a near collision
Struggling with declining enrollment, Oregon’s Portland State University had its outlook revised to negative by Moody’s Investors Service, affecting $193 million of outstanding debt. Enrollment declined by more than 20% over the past six years, and expectations of continued declines over the next four years at the downtown Portland university were cited by Moody’s in
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In this article ABI-BE BUD TGT KSS VFC TAP Follow your favorite stocksCREATE FREE ACCOUNT Pride Month merchandise is displayed at a Target store on May 31, 2023 in San Francisco, California. Justin Sullivan | Getty Images Even before Pride month was underway, it seems as if it was open season on companies celebrating the
In this article FDS Follow your favorite stocksCREATE FREE ACCOUNT A view of a Canadian athletic apparel retailer Lululemon logo seen at one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in early morning trading. MongoDB — The data developer platform stock surged 27% after the company issued
Architect Eric Strain’s elemental three-box residential design―placed on the unforgiving Mojave Desert floor near Las Vegas―is reminiscent of a Zen retreat that’s at once urbane and contemplative. “It’s a journey around and through these three boxes, both inside and outside,” says Strain, whose 2011 design is located in Summerlin’s 800-acre Ridges community comprised of a
Modern and luxury smart homes in Singapore, seen from above during a hot summer day at the Keppel Bay Yacht Marina area in the city centre. Tobiasjo | E+ | Getty Images Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Data from the Home
The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in
On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit. Why is the ARB price up today? The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25, beating the crypto market’s total overall gains of 1.5% in the same period. Arbitrum’s