You Searched For "barry sternlicht" and got 20 results
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3 mins read
Billionaire's million-dollar Nantucket beach house has officially been swept away
Billionaire investor Barry Sternlicht's Nantucket beach house has been demolished due to severe ero…
Madeline Berg,Dan Latu
2 mins read
Pain is coming for 2 sectors as high rates cut off the 'lifeblood' of easy leverage, billionaire Oaktree founder Howard Marks says
Tighter lending conditions means pain is coming for real estate and private equity, Howard Marks sa…
Jennifer Sor
2 mins read
Investors and economists are getting worried about more bank failures as interest rates stay high
High interest rates are "corrosive" to the economy, Mark Zandi said, while others fear the impact o…
Jennifer Sor
3 mins read
Nantucket beach house sells for 90% off and its new owner predicts it won't survive another year
The seller sold the Nantucket property to her neighbor, who knows it's on borrowed time. "Inevitabl…
Thibault Spirlet
2 mins read
'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says
High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the fin…
Jennifer Sor
2 mins read
Troubled commercial real estate loans outstrip reserves at top US banks
The volume of delinquent commercial mortgages held by US banks soared to $24.3 billion last year, u…
Yuheng Zhan
9 mins read
Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate but the wealthy won't stop buying
Nantucket is a billionaire holiday hot spot, but erosion is making homes fall into the ocean. That …
Madeline Berg,Dan Latu
2 mins read
Commercial real estate investment plummeted to the lowest level since 2012 last year
Investment in US commercial real estate plunged 52% to $348 billion in 2023, with office properties…
Yuheng Zhan
4 mins read
Investors are expecting rate cuts. But what happens to markets if they don't come this year?
Recent hot economic indicators are complicating rate-cut forecasts and raising the question: what i…
Yuheng Zhan
2 mins read
US stocks end mixed to close out worst month of 2023 as investors brace for a government shutdown
The S&P 500 ended September 5% lower, notching its second-straight losing month. For the third quar…
Jennifer Sor
4 mins read
Commercial real estate is in big trouble — and the problems may have major financial fallout
Higher interest rates are causing problems for US commercial real estate and ripples are spreading …
Theron Mohamed
1 min read
US stocks rise with Dow heading for 10-day streak of gains as traders sift through earnings
Indexes turned higher on the final trading session of the week, with the Dow eyeing its longest win…
Phil Rosen
5 mins read
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
2 mins read
Dow notches 9-day win streak while earnings from Netflix, Tesla drag down Nasdaq
The nine-day win streak was the Dow Jones Industrial Average's longest since a 12-day run of gains …
Matthew Fox
2 mins read
Dow eyes 9-day win streak as US stocks trade mixed after Tesla, Netflix earnings
Initial jobless claims fell to 228,000 last week, below estimates for 242,000, suggesting that the …
Matthew Fox
1 min read
US stocks slide as traders deal with fresh banking woes and digest outlook for rates
Yields on the two-year Treasury are the lowest in six months as investors eye an interest rate paus…
Morgan Chittum
1 min read
Dow soars 400 points as US stocks add to last week's rally ahead of top tech earnings
Earnings could be a stock market catalyst this week, as investors await quarterly reports from tech…
Brian Evans
1 min read
US stocks dip as Fed minutes show continued hawkish resolve while CPI report awaits
The Fed minutes revealed that central bankers saw inflation "showing little sign so far of abating,…
Brian Evans
3 mins read
Robinhood traders are getting smarter with their money. The platform's head of investment strategy explained why.
Insider's Phil Rosen interviews Steph Guild, Robinhood's head of investment strategy, on retail tra…
Phil Rosen
3 mins read
Stanley Druckenmiller says the Fed is like a 'reformed smoker,' while Jeff Gundlach warns it's driving the US into a dumpster. 6 market experts talk straight about rate hikes.
Still-hot US inflation has spurred Wall Street into taking stock of the Federal Reserve's efforts t…