A number of famous homes are for sale. Luxury real estate agents say sellers typically fetch a premium for that cachet.
China’s consumers are spending on experiences. Travel stocks to watch
The tourism industry’s growth, despite a more sluggish macro backdrop in China, is similar to what happened in the U.S. after the pandemic.
Retail investors may be a step closer to investing in unicorns
Forge Global CEO Kelly Rodriques wants to revolutionize private equity investing to help mitigate a stalling IPO market.
Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence after the 2008 financial crisis.
Market backs off on hopes for interest rate cuts following strong jobs report
The data at the very least add to the narrative that the Fed doesn’t have to be in a rush to lower interest rates.
Stocks making the biggest moves midday: GameStop, Vail Resorts, DocuSign, Skechers and more
These are the stocks posting the largest moves midday.
Jobless rates rise in May for all racial groups except white Americans
The unemployment rate for white Americans held steady from April to May, but rose for all other demographic groups last month.
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Apollo Asset Management’s co-president Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024.
Here’s where the jobs are for May 2024 — in one chart
Job growth in May came out surprisingly strong, pushing back on lingering fears of a broader economic slowdown.
Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries “friendly to Russia” were the ones that deserved special attention.