Founder, managing member of PointOne Holdings, owners of a diversified portfolio of multifamily assets valued in excess of $730 million Getty As cities and businesses begin to reopen following weeks or months of stay-at-home orders, many sectors of the economy face the reality of a downturn. Amid that climate of uncertainty, multifamily remains strong as an
Month: June 2020
The U.S. reported more than 45,000 cases of coronavirus on Friday, a record breaking increase, as some of the hardest-hit states begin to pause or roll back their reopening plans, according to Johns Hopkins University data. There were 45,255 additional Covid-19 cases reported across the nation on Friday, bringing the total to more than 2.46
CEO of Softbank Group Masayoshi Son attending a news conference in Tokyo on February 8, 2017. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank has come under renewed scrutiny about its investment strategy — but this time it’s about one of the Japanese tech conglomerate’s lesser-known bets. Last year, the company made a 900 million
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
In the wake of Covid-19, colleges will likely outsource more of the student housing needs to companies such as DMG, which owns apartment complexes such as this one in upstate New York serving Cornell University. Source: DMG Investments The days of cramming undergraduates into shared rooms with a communal bathroom down the hall may be
Getty The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a private equity
TOPLINE With Joe Biden surging in the polls, Wall Street executives are preparing for a potential scenario where he becomes president—with some firms warning clients the stock market could take a hit. As Biden surges in the polls, Wall Street grows more concerned about a likely corporate tax hike. Joshua Roberts/Getty Images KEY FACTS The
Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com. The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.” As stock market volatility continues Vivas,
A nurse evaluates a patient that had just been admitted to the emergency room at Regional Medical Center on May 21, 2020 in San Jose, California. Frontline workers are continuing to care for coronavirus COVID-19 patients throughout the San Francisco Bay Area. Justin Sullivan | Getty Images DETROIT – Critical care nurse Kelsey Ryan wakes up
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
Everybody has an opinion on Tesla CEO Elon Musk. Some, like Charlie Munger, don’t agree with his methods, but others are fans of his brash entrepreneurial spirit. Count fellow billionaire Mark Cuban in the latter category. “I like Elon Musk,” Cuban told The New York Post in a story that published on Saturday. ”He can be full of himself
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
Sam Seagraves Source: Sam Seagraves Almost all of the money Sam Seagraves used to make as an actor in Portland, Oregon, went toward her monthly student loan bill of $1,083. Then the coronavirus pandemic hit. With many production companies postponing or cancelling operations, Seagraves hasn’t been hired for a role since March. The CARES Act granted
Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump
TOPLINE Chinese officials recently expressed “strong dissatisfaction” with U.S. sanctions that came in response to a new national security bill on Hong Kong, warning that crossing “red lines” and meddling in what China considers its own internal affairs could put the trade deal at risk, The Wall Street Journal first reported on Friday. U.S. President
Bruce W. McNeilage, CEO Kinloch Partners. Getty With over 40 million people applying for unemployment benefits since March, it is clear that the Covid-19 pandemic is having a significant ripple effect on the economy. One of the main sectors impacted appears to be new home construction. Consider these statistics: • U.S. housing starts dropped by 22.3%
U.S. Immigration and Customs Enforcement must release children held in the country’s three family detention centers by July 17 because of the danger posed by the coronavirus pandemic, a federal judge in Los Angeles ordered. U.S. District Judge Dolly Gee said in a ruling Friday that children held for more than 20 days at ICE
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum
The state of the Covid-19 pandemic on both a global and national scale, is “more bleak than I would have expected,” Bill Gates said on CNN’s “Coronavirus Town Hall” Thursday. “Because our behavior and our contact-tracing is not working well [in the U.S.], we continue to have very large case spread. And it is embarrassing,”
Paramedics wait to bring a patient into the emergency room at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images With an acceleration of coronavirus headlines starting to weigh on the U.S. stock market, strategists say they are now paying attention to a more refined set of disease
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