Tag Archives: bigger

Commercial real estate is down and hybrid work is a big reason why, according to one real estate executive. According to data from MSCI, commercial real estate transactions fell 22% in the second quarter from a year ago. And while inflation and an economic recession are both weighing heavily on the minds of real estate investors and “creating some hesitation,” Marcus and Millichap CEO Hessam Nadji said that it’s “not really a long-term concern.” “The bigger concern is this hybrid work… Source link

The economy is likely to blow hot and cold for the immediate future, Morgan Stanley’s copresident says, as the economy swings between fears of inflation and fears of contraction. Last week, Ted Pick, head of institutional securities at investment bank Morgan Stanley, joined bankers and investors from Jamie Dimon to Carl Icahn in warning that chances of a recession are steadily rising, marked by periods of a hot and cold economy. “There is a fire narrative, and that fire narrative is… Source link

U.S. households — particularly low-income ones — are still sitting on a healthy pandemic nest egg, cushioning them for now against steep price increases on food and energy. That means that even with consumer prices forecast to have risen 8.4% in March, shoppers shouldn’t be running out of cash. That’s the finding of a new Consumer Checkpoint report from the Bank of America Institute, which showed debit and credit card spending rose 11% last month, or 6.7% on a per-household basis. The… Source link

“The 360” shows you diverse perspectives on the day’s top stories and debates. What’s happening The Biden administration asked Congress to approve $813 billion in defense spending in its budget for next year, $30 billion more than lawmakers allocated for 2022. The request came as part of President Biden’s sprawling $5.8 trillion budget proposal for 2023 that was released earlier this week. “This will be among the largest investments in our national security in history,” Biden said… Source link

Every month seems to bring a new salvo against Big Tech — the latest from three state attorneys general and the District’s Karl A. Racine (D). The lawsuit argues that Google has deceived customers into giving up sensitive data. Yet the problem is bigger than one company, and the solution can’t come only from the courts. The complaints filed in late January by the top enforcers in D.C., Indiana, Texas and Washington allege that the world’s largest search engine told users they could… Source link

Chipotle (CMG) on Tuesday posted fourth-quarter earnings report that mostly beat market expectations, with growth driven by a digital boom accounting for nearly 42% of sales, sending its stock on a tear in after-hours trading. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Shares of Chipotle, which were down nearly 3 percent compared to a year ago, spiked by over 7% in post-market trading after the… Source link

Former NFL head coach Brian Flores, who on Tuesday filed a blistering racial discrimination lawsuit against the NFL, the Miami Dolphins, the New York Giants and the Denver Broncos, spoke out for the first time since taking legal action in an interview with “CBS Mornings” on Wednesday.  With lawyers Doug Wigdor and John Elefterakis at his side, Flores spoke to a roundtable of “CBS Mornings” hosts, which included former NFL player Nate Burleson. Flores thanked everyone who had reached out to… Source link

U.S. markets have largely shaken off Omicron fears, witnessed by the pop in cruise line stocks Thursday despite a general market sell-off. But surging COVID-19 infections in China, beyond the early pandemic peak, are leading one strategist to warn of an underpriced risk to inflation that could weigh on stocks. At a recent Yahoo Finance Plus webinar, Bianco Research President Jim Bianco argued that China’s zero tolerance COVID policy could lead to a nationwide shutdown — causing economic… Source link

dulezidar / iStock.com Cryptocurrency had a big year in 2021, with Bitcoin values skyrocketing (and then plummeting), Coinbase going public and Dogecoin rising in popularity thanks to public support from Elon Musk and Mark Cuban. But 2022 may be an even bigger year for crypto, predicts Jennifer Schonberger, senior reporter at Yahoo Finance and a cryptocurrency expert. More: Cryptocurrency Predictions for 2022Find Out: 8 Best Cryptocurrencies To Invest In for 2022 Here’s are Schonberger’s… Source link

When Democrats passed one year of an expanded Child Tax Credit within the $1.9 trillion American Rescue Plan, many of the credit’s supporters hoped it would become permanent. White House economic adviser Heather Boushey called the tax credit a “basic benefit” when speaking to Yahoo Finance in March as the relief package was becoming law. She predicted the overall package “will cut child poverty in half this year in no small part, due to this expansion of the Child Tax Credit.” That… Source link