JPMorgan Asset Management has sold its 49% interest in Fisher Brothers’ 605 Third Ave. at a $425-million valuation. Fisher Brothers is now seeking a new institutional partner on the 43-story, one-million-square-foot Midtown Manhattan office tower. Newmark’s Adam Spies, Josh King, Adam Doneger, Marcella Fasulo and Avery Silverstein are leading the sales process. Fisher Brothers recently completed a…
Key Points Oil prices are high, inflation is running hot, and Wall Street is tentatively watching consumers. Bank earnings from the industry giants are in, and the results are very clear. U.S. consumers appear to be handling the economic headwinds in relative stride. 10 stocks we like better than Bank of America › There’s a…
There’s a saying that Wall Street climbs a wall of worry. One of the big worries right now is around inflation, which is running hotter than the Federal Reserve would like, at least partly thanks to high oil prices (driven by a worrying geopolitical conflict in the Middle East). The fear is that the U.S….
When I started planning a family vacation to Orlando, I knew we wanted to have the full theme park experience — staying at a Universal hotel, visiting the new Epic Universe, adding a Disney day, and enjoying the food and attractions along the way. The result was a six-day vacation that cost $8,620 — and…
A Florida-based company that converts existing industrial facilities into data centers is joining the wave of digital infrastructure companies looking to tap the public equities market. TECfusions Inc. has agreed to merge with Apex Treasury Corp., a special purpose acquisition company registered in the Cayman Islands, according to a regulatory filing. The deal, which is set to close by the end of…
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The wheat complex was under pressure for much of the session from money coming off the table into the weekend, though buyers pulled things off the lows. Chicago SRW contracts were down 12 to 18 1/4 cents in the front months at the close, with September slipping back 4 ¾ cents on the week. KC…
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The bearish Tesla set-up we flagged ahead of Wednesday’s report has delivered most of what it can. Two ways forward: bank the entire gain, or press the same playbook against another priced-for-perfection name reporting in two weeks. Heading into Tesla‘s second-quarter report, I argued the risks were skewed to the downside. Greeting a delivery beat…
Claiming your 401(k) match is one of the most common pieces of retirement savings advice for good reason. By giving up a few thousand dollars today, your employer could give you a matching contribution that may be worth tens of thousands of dollars by the time you’re ready to leave the workforce. So it might…