Private market secondaries have moved firmly into the spotlight. As private markets open to individual investors, the strategy that buys existing assets, often below their most recent net asset value, has moved from a niche corner of institutional portfolios to a central pillar of the wealth channel. With that attention comes scrutiny. And much of […]
Rivian’s stock falls 18% as Wall Street frets about the EV maker’s cash troubles.
Marcus & Millichap completed the sale of a brand-new, 916-unit Public Storage property in Chicago, Illinois. “Above-average development complexity has constrained new self-storage supply, contributing to Chicago’s status as one of the industry’s strongest self-storage rental rate markets,” said Jeffrey Herrmann, senior director of investments. “Those market fundamentals continue to attract investors seeking high-quality assets […]
Shares of Rivian Automotive (RIVN 18.12%) reversed course on Tuesday after the electric vehicle (EV) manufacturer announced a sizable capital raise. Image source: Getty Images. Deliveries are rising, but so are production costs On Thursday, Rivian announced that it delivered 12,194 vehicles in the second quarter, handily exceeding its guidance of 9,000 to 11,000 deliveries. […]
Time: 9am to 10am | Location: Bank of England, Threadneedle Street, London, EC2R 8AH and MS teams Minutes Item 1 – Update on Imagery Selection and Aims The Chair opened the meeting, reminding members about the importance of considering the Bank’s obligations under the Public Sector Equality Duty at every stage of decision-making during the […]
CRMLS, the largest real estate listing service in the country, just gave home sellers a more flexible way to bring their home to the market before it is broadly launched across the internet. With a new Limited Exposure Coming Soon option, home sellers can ask their agent to market their home as a Coming Soon […]
West Palm Beach, FL, where the typical luxury home costs 8.9 times more than the typical non luxury home, has the nation’s biggest luxury home price premium. Next comes Miami, with a median luxury-to-non luxury home price ratio of 8.8, and New York City, where the typical luxury home costs 5.5 times the typical non […]
Kalyan Jewellers reported an estimated 38% year-on-year growth in consolidated revenue for the first quarter of FY27, driven by strong demand in the domestic market and robust same-store sales despite the entire 28-day Adhik Maas period falling within the quarter. The India business grew by more than 38%, while same-store sales rose around 28%, underscoring […]
US airlines spent USD 6.66 billion on jet fuel in May, marking a second straight month above USD 6 billion, government data show. Spending rose 84 per cent year on year, mainly due to higher jet fuel prices, while consumption fell 0.6 per cent. Carriers have raised fares and fees and adjusted schedules. News Updated: […]
Perplexity could be the latest entrant to the red-hot AI coding wars. The San Francisco-based AI search startup has built an internal AI coding tool that it may launch publicly later down the line, a person familiar with the matter said. For now, Perplexity has codenamed the tool “Teammate,” and its engineers have been using […]