On the surface, the recently released June reading of the Consumer Price Index (CPI) appears cut-and-dry as it relates to the Federal Reserve’s near-term plans for interest rates. The CPI checked in at 3.5% last month, an improvement from the 4.2% year-over-year increase seen in May. With core inflation hovering around 2.9%, though, it’s likely…
The inspiration for Klook, one of Asia’s largest travel platforms, came after Ethan Lin took a trip to Nepal with his friend Eric Gnock Fah. The two were both analysts in Hong Kong’s investment scene: Fah covered consumer retail, while Lin covered hospitality and real estate. Both were also third-culture kids. Fah grew up in…
The largest IPO in history is doing what IPOs tend to do: underperform in the short term. In the first three to five years after a stock enters the public market, most fail to deliver positive returns to investors. With so much media attention on Elon Musk’s Space Exploration Technologies (SPCX 0.59%), investors wondered if…
UBS forecasts S&P 500 to reach 8,200 by June 2027 on strong earnings !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Kingswood Center in Brooklyn’s Midwood neighborhood has a new owner, Commercial Observer has learned. The 229,926-square-foot shopping center at 1630 East 15th Street sold for $31 million to Michael Berfield’s Bridges Development Group, according to broker JLL. The sale marks a steep discount from the $89 million that the shopping center fetched in early 2020,…
People who save for retirement in a traditional IRA or 401(k) are often met with an unwanted surprise — required minimum distributions, or RMDs. RMDs aren’t always a problem, especially when they’re on the smaller side or represent funds that were going to be withdrawn anyway. If you’re on the hook for a $12,000 RMD…
“June’s housing numbers continued to build momentum following the late start to the year in May, with virtually every metric moving in the right direction,” said Shaun Cathcart, CREA’s senior economist. “Fixed mortgage rates have eased from their peak in April, and rate hikes from the Bank of Canada this year are much less likely…
Wealth units at wirehouses and larger public banks continued to beat estimates in the second quarter of 2026, with Morgan Stanley touting that stock market IPOs (like SpaceX) are turbocharging net new wealth assets, while Wells Fargo claims the bank has continued to hit near-record advisor recruiting in the past year. In the second quarter,…
Despite more women becoming financial advisors, they’re still much less likely than their male counterparts to reach the upper echelons of the industry’s compensation. Processing Content Out of more than 300 advisors participating in the Financial Planning Compensation Survey, nearly half of the men, 49%, reported earning $300,000 or more in total pay last year…
At the center is the main action, filed in December 2023. A group of investors says that beginning in 2016 they advanced about $150 million to a businessman to put into local real estate projects. They allege that he, along with family members and business associates, diverted those funds for their own use. The investors…