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Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage
Kurt Brady / Alamy Stock Photo (Bloomberg) -- An office landlord controlled b y Pacific Investment Management Co. has defaulted on about $1.7 billion of mortgage notes on seven buildings, a sign of widening pain for the industry as property values fall and rising...
CVS digs into primary care with $9.5 billion Oak Street Health deal
Pedestrians walk past a CVS Health Corp. store in Chicago. Christopher Dilts | Bloomberg | Getty Images Key Points CVS said the value of the deal was $10.6 billion, including debt. Its per share offer of $39 represents about a 73% premium to Oak Street’s last closing...
Joe Biden’s Trade War with China is Driving a Wedge Between the US and Europe
Europe is pushing back against US demands for it to stop selling semiconductor technology to China
Goldman Sachs no longer expects recession in euro zone in 2023
The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt (Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction,...
Home sellers are basically throwing money at buyers right now
Share of home sales where the seller gave at least one concession to the buyer Home sellers are doing way more to entice homebuyers these days, according to data from Redfin published Thursday morning. Why it matters: Oh, how the tables have turned. During the...
Debt-laden Italy lashes out at ‘crazy’ ECB after rate hike
The European Central Bank (ECB) building is seen from a cafe amid Christmas decorations, before the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany December 15, 2022. REUTERS/Wolfgang Rattay ROME/FRANKFURT, Dec 16 (Reuters) -...
270,000 homebuyers who bought in 2022 are underwater on their mortgage
About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months...
Job searches are getting more competitive
Job searches are getting more competitive - and other happenings in the world of work U.S. consumer-price growth slowed to 7.7% in October, the slowest rate since January. That suggests inflation could be relenting and bolsters expectations that the Federal Reserve...
China’s exports to Russia up by more than 20% as growth slows elsewhere
Workers are seen on a crane above containers at the Yangshan Deep Water Port in Shanghai, China January 13, 2022. REUTERS/Aly Song BEIJING, Oct 24 (Reuters) - China's exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in...
Mondelez CEO explains why the snacking giant still does business in Russia
BEVERLY HILLS, CA - APRIL 29: Dirk Van de Put, Chairman and CEO, Mondelz International, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. (Photo by...
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