Karim Alibhai Started at Best Western. Now He Rents Rooms at $2,500 a Night. – Commercial Observer

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As room rates at the world’s poshest properties push past $2,000 a night, Karim Alibhai has been snapping up high-profile luxury hotels. Alibhai has built an $8 billion portfolio that includes properties from Chicago to Bermuda to Costa Rica. His company, Gencom, this year paid $320 million for the Ritz-Carlton New York, Central Park. Since […]

Positive Breakout: These 10 stocks cross above their 200 DMAs

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In the Nifty500 pack, 10 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on July 30, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is […]

PREPA bondholders eyeing action against Puerto Rico government

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PREPA bondholders are trying to get an appeals court to allow them to go after Puerto Rico’s central government for actions they say undermined their bonds. Bloomberg News Puerto Rico Electric Power Authority bondholders stated their case for action against Puerto Rico’s central government before the U.S. Appeals Court for the First Circuit on Thursday, […]

Strategy (MSTR) news: Bitcoin’s (BTC) second-quarter decline leads to $8.2 billion loss

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Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,340.73 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of dollars from the value of its digital asset holdings. The quarterly loss was driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting. The […]

Apple’s Record Results Fail to Ease Growth Concerns

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Apple’s final earnings call under Tim Cook looked, on its surface, like another quarter of record financial results. Revenue rose 16% year over year to $109.4 billion, iPhone revenue climbed 22% to $54.3 billion, Mac revenue increased 29% to $10.4 billion, and Services reached another record at $30.7 billion despite foreign-exchange headwinds. But during the […]

Western Union Pursues AI as Falling Migration Hits Revenue

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Western Union is sharpening its focus on digital and artificial intelligence as it faces unexpected headwinds, executives said Thursday (July 30). The company did not see the improvement in its Americas retail business that it expected in the second quarter, and a delay in its planned acquisition of Intermex pushed out the anticipated synergies from […]

CCTV+: Beijing Time: A Day in the Rhythm of Beijing

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BEIJING, July 30, 2026 /PRNewswire/ — What does “Beijing Time” really feel like? From morning drums at the Drum Tower to hidden shops in old hutongs, from a classic Beijing breakfast to the renewed energy of Longfu Temple and an outdoor movie after dark — slow down and discover how Beijing turns history into everyday […]

Canadian pension plan membership is rising, data shows

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Public sector plans added nearly 157,900 new participants, a 4.0 per cent increase, bringing public sector membership to just over 4.0 million. Private sector membership, by contrast, declined by 25,800 members, or 0.8 per cent, falling below 3.3 million. Within the private sector, DB plan membership alone dropped by 21,300 members — a trend with […]

AI platform identifies 21,000 homeowners under pressure to sell

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More than 21,000 property owners in England and Wales have been identified as potentially facing pressure to sell their homes in the near future, according to research by estate agent network EXP. The analysis, conducted using property intelligence platform Galim AI, highlights what the company describes as a “growing pool of off-market property opportunities” before […]

Oil Price Today (July 31): Crude oil extends fall to $88. What’s behind the decline amid Iran war?

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Oil prices extended losses on Friday as investors assessed Saudi Arabia’s proposal to lead a multinational maritime defense coalition aimed at bolstering security along key Red Sea shipping routes. Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The […]