Spread the loveThe Fed has now raised its policy rates by 500 basis points in a little over a year, with the top of the range now at 5.25%, and with the Effective Federal Funds Rate at 5.08%. But “core”…

Spread the loveReal estate companies, already among Europe’s worst performers this year, look set for more pain as rising interest rates fuel a surge in financing costs while investors’ concerns about the outlook for commercial property developers grow. Sweden’s property stocks — seen as forerunners for the…

Spread the loveThursday 27 April saw forces of Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) seize the oil tanker Advantage Sweet as it sailed through international waters in the Gulf of Oman. According to maritime shipping sources, the tanker was carrying an…

Spread the loveUnion Bank made a deal to sell its tower at 75% off original listing price, setting the first new benchmark. Other towers waiting in the wings. We have been tracking what older office towers, many of them from…

Spread the loveRussia is threatening to pull the plug on the Black Sea Grain Initiative on May 18, blocking Ukrainian seaborne exports of corn and wheat. The European Union has banned Ukrainian agriculture exports to neighboring Romania, Bulgaria, Poland, Hungary…

Spread the loveSaudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations as it prepares to hold its annual summit in South Africa. In total, 19 nations have expressed interest in…

Spread the lovePublic transit systems across the country are reeling from a dramatic decline in ridership which has left some of the largest cities with less than 70% of their pre-pandemic traffic – causing a financial rut that’s led to transit CEOs pressing city and…

Spread the loveThe California Reparations Task Force, appointed by Boy Gov. Gavin Newsom, voted Saturday to recommend the state pay out as much as $800 billion to the descendants of enslaved or free black people who were in the U.S. by…

Spread the loveCalifornia’s reparations task force has approved recommendations which could give black residents $1.2million each as compensation for slavery and discrimination. The nine-member committee voted Saturday to approve proposals on how the state can compensate and apologize for generations of harm caused…