U.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. Many groups on Wall Street offer these tax-friendly funds to retail investors. KKR’s real estate business is one of the big players in the REIT game. The private equity firm manages multiple REIT funds. The KKR Real […]
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Chinese smartphone maker teases a foldable smartphone that you can wear like a purse
An image of the Honor V Purse. Chinese smartphone giant Honor showed off the concept device at the IFA technology show in Berlin as it looks to highlight its innovation. Honor Chinese smartphone firm Honor on Friday unveiled a concept smartphone designed to be worn like a handbag. The concept […]
Robotics giant ABB ‘pretty pessimistic’ on China: ‘It will be challenging for the rest of the year’
The CEO of Swedish-Swiss multinational robotics firm ABB said he has been “disappointed” by the state of the Chinese market, adding he expects conditions will prove challenging for the rest of the year. “China is not really developing as we hoped in the beginning of the year,” said Bjorn Rosengren, […]
A Saudi-Israel deal could dramatically reshape the Middle East — but don’t expect it anytime soon
Saudi Crown Prince Mohammed bin Salman attends a meeting in Athens, Greece, July 26, 2022. Louiza Vradi | Reuters Anticipation and rumors are growing about the potential normalization of relations between Saudi Arabia and Israel – two of America’s most important allies in the Middle East whose ties have never […]
‘The war is coming home to Russia’: Ukraine turns the tables on Moscow as drone warfare intensifies
Russian President Vladimir Putin watches with binoculars the Tsentr-2019 military exercise at the Donguz range near Orenburg city on September 20, 2019. Alexey Nikolsky | Afp | Getty Images A sharp rise in drone attacks targeting Russian territory is likely to intensify, analysts say, with Kyiv appearing increasingly determined to […]
China says the best way to ‘de-risk’ is to restore stability with the U.S.
U.S. President Joe Biden having a virtual meeting with his Chinese counterpart Xi Jinping from the Roosevelt Room of the White House in Washington, DC, on November 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — China’s Ministry of Commerce said Thursday that restoring stability in U.S.-China trade […]
White House asks Congress for short-term funding to avoid government shutdown
The U.S. Capitol Building is seen in Washington, D.C., Aug. 16, 2023. Kevin Wurm | Reuters WASHINGTON — The White House on Thursday asked Congress to pass a short-term measure to fund the federal government and avoid a shutdown at the end of September. A spokesperson with the U.S. Office […]
Broadcom’s post-earnings pullback doesn’t shift the fundamentals. It’s a buying opportunity
Semiconductor firm Broadcom (AVGO) reported better-than-expected fiscal third-quarter results Thursday, even as the stock came under pressure due to a miss on cash flow and in-line guidance. But we’re unconcerned about the pullback and see this newest Club holding as clear beneficiary of the artificial-intelligence craze, with more room to […]
UAW president says union has filed unfair labor practice charges against GM, Stellantis over contract talks
UAW President Shawn Fain addresses union members during a “Solidarity Sunday” rally on Aug. 20, 2023 in Warren, Mich. Michael Wayland / CNBC DETROIT – United Auto Workers has filed unfair labor practice charges against automakers General Motors and Stellantis to the National Labor Relations Board for not bargaining with […]
Lululemon ups guidance after ‘strong’ growth in China boosts quarterly sales
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China. The athletic […]