The Dow Jones Industrial Average rose more than 250 points Wednesday morning, as the stock market rebounded from Tuesday’s mild losses. Meanwhile, Lululemon Athletica (LULU) surged 14% after reporting strong earnings. X Lululemon Earnings The yoga-gear retailer earned $4.40 a share on sales of $2.8 billion. Wall Street expected Lululemon earnings to rise 27% to […]
SINGAPORE/HANOI, March 29 (Reuters) – Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail (VRE.HM), Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value […]
Thought Leader Presented by Matthews Real Estate Investment Services By Kelsi Maree Borland March 29, 2023 at 03:45 AM This year, multifamily investment is expected to fall 15%, but it isn’t for a lack of renter demand. Higher interest rates and market uncertainty is upending deals. Multifamily properties have long held a favored position in […]
14 Mins Ago Sergio Ermotti to take over as UBS CEO UBS on Wednesday named Sergio Ermotti as its new Group CEO, following the recent acquisition deal of Credit Suisse. The move will be effective April 5. Current CEO Ralph Hamers is set to remain at UBS and work alongside Sergio P. Ermotti to advise the bank […]
By Daniel Wiessner (Reuters) – A federal judge in Texas on Tuesday refused to transfer to another court a lawsuit by Republican states challenging a Biden administration rule allowing socially conscious investing by retirement plans, rejecting claims of “judge shopping.” U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas, said the Biden administration had provided no […]
March 28 (Reuters) – Activist investor Jeff Ubben’s Inclusive Capital Partners has urged OCI NV (OCI.AS) to explore strategic options, including asset sales, and said the Dutch fertilizer is worth nearly double its 5.54 billion euros ($6.01 billion) market value. Ubben, in a letter to OCI Executive Chairman Nassef Sawiris, said OCI is significantly undervalued […]
Competition is fierce in the self-storage industry, but not just for facility operators. Investors must often outfox others to source, structure and secure good deals! It takes shrewd decision-making to choose the right acquisition opportunities, make accurate projections and land capital. This package of education videos, part of our Self-Storage Mastery Series, will help you […]
DURHAM, N.C. — President Joe Biden landed in the Triangle on Tuesday to kick off his administration’s Investing in America tour. The president will visit Wolfspeed, a semiconductor manufacturer on Cornwallis Road in Durham, to speak about job growth across the country. Wolfspeed recently announced a $5 billion investment for its facility, which would create […]
Magyar Bancorp, Inc. (NASDAQ:MGYR) shareholders might be concerned after seeing the share price drop 17% in the last quarter. On the other hand the share price is higher than it was three years ago. However, it’s unlikely many shareholders are elated with the share price gain of 43% over that time, given the rising market. […]
The Dow Jones Industrial Average fell slightly Tuesday morning amid key economic data, including a consumer confidence reading and two home price indexes. Warren Buffett stock Occidental Petroleum (OXY) rallied on an analyst upgrade, while Chinese e-commerce giant Alibaba (BABA) jumped on a massive restructuring plan. X On the economic front Tuesday, the Conference Board’s […]
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