High interest rates across the US and Europe have hurt commercial property values, but not when luxury retail is involved.
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The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
After a slump through the latter half of the last decade, the US is experiencing a startup tsunami, according to The Economist.
European productivity has increased only about 20% since 2000, about one-third the rate of the US.
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.
Elon Musk’s Starlink is set to receive official approval to enter Yemen, where a civil war has been raging since 2014, Bloomberg reports.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.
It’s a possible sign that the VC industry’s newest chapter is a story of the haves and have-nots.
GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.
The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.
Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.
The US economy will grow twice as fast as any of its major Western peers this year.
Sales rose 0.7% month-over-month — about double what many economists had predicted. Year-over-year, that’s a 4% jump.