A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Roughly a decade ago, cryptocurrency began to show up in the residential real estate market. There were stories of the first bitcoin home sale, but really it was just people buying in the currency and then converting it back to dollars. Now crypto is being used more for leverage. Lenders…
Author: usaeverydaylife
Check out the companies making the biggest moves midday: Warner Bros Discovery —The HBO and CNN owner surged more than 12% after saying it was open to a sale . The WBD board ” will evaluate a broad range of strategic options ,” from pursuing a planned separation of the company by mid-2026, a sale of the entire company or separate deals for Warner Bros. or Discovery Global. Beyond Meat — The plant-based meat products maker rallied more than 40% , adding to Monday’s 127% surge — which was its best one-day gain ever. The moves are reminiscent of the…
Impactive Capital’s Lauren Taylor Wolfe took the stage at the 13D Monitor’s Active-Passive Investor Summit with a punchy line: “AI is not going to kill or disintermediate this business because ChatGPT can’t handle real poop or storms anytime soon.” Her new idea is Advanced Drainage Systems, which she called the undisputed leader in plastic stormwater and residential septic systems. The co-founder at Impactive Capital, one of the pioneers of activist environmental, social, governance investing, said the company is the second largest recycler in North America that you’ve never heard of as it recycles over 500 million pounds of plastic annually. WMS…
President Donald Trump’s presidency has been uniquely good for businesses, according to Bill Ackman, CEO of Pershing Square Capital Management.”I think Trump has been the most pro-business president we’ve ever had,” Ackman said Tuesday morning on CNBC’s “Squawk Box.”Ackman pointed to infrastructure and tax bills as having positive effects for businesses. He also noted that the Federal Reserve is “accommodative” of interest rate cuts.Ackman acknowledged that he was “a little bit concerned” by Trump’s market-roiling tariff policy first unveiled in April. However, Ackman credited Trump for changing his position after the billionaire investor suggested taking a pause before implementing the…
Workers demolish the facade of the East Wing of the White House on Oct. 20, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesThe Treasury Department told staff not to share photos of the White House’s East Wing as parts of it are demolished to build a new ballroom at the behest of President Donald Trump, a spokesperson confirmed to NBC News on Tuesday.Treasury’s warning came after photos of excavators tearing down parts of the building went viral online Monday in preparation of the planned 90,000 square foot, $250 million ballroom.In July, Trump said that construction of the ballroom “won’t interfere…
Dario Amodei, co-founder and CEO of artificial intelligence startup Anthropic.Chesnot | Getty ImagesAnthropic CEO Dario Amodei addressed “inaccurate claims” about the artificial intelligence startup’s policy stances on Tuesday after repeatedly facing criticism from David Sacks, the venture capitalist serving as President Donald Trump’s AI and crypto czar.Amodei said the company is aligned with the Trump administration across “key areas of AI policy,” and that it is interested in working with “anyone serious about getting this right.””I fully believe that Anthropic, the administration, and leaders across the political spectrum want the same thing: to ensure that powerful AI technology benefits the American…
Spotify shares are likely to surge as the streaming platform is poised to court more free and premium users, according to Morgan Stanley. The investment bank named Spotify, a Swedish audio and media service, one of its top picks, reiterating an overweight rating on the stock. Morgan Stanley’s 12-month price target of $800 implies 18% upside. “Having added significant value to its free and Premium tiers, Spotify in our view kicked off a new pricing cycle this Fall and is poised to accelerate growth into next year,” analyst Benjamin Swinburne wrote Monday in a note to clients. Morgan Stanley’s Spotify…
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors CFO Paul Jacobson on Tuesday said the company expects earnings next year to top its 2025 results, which have performed far better than Wall Street’s expectations.Investors had been hoping to hear comments about 2026 guidance as the automaker reported third-quarter earnings that included raising 2025 guidance and topping Wall Street’s expectations.”Looking ahead to 2026, we have multiple levers to carry our current momentum forward, including progress on [electric vehicle] losses, warranty costs, tariff offsets, regulatory…
Packets of Walls Cornetto, Magnum and Ben & Jerry’s ice cream are displayed on March 20, 2024.John Keeble | Getty Images News | Getty ImagesConsumer goods group Unilever is delaying the spin-off of its Magnum Ice Cream unit due to the U.S. government shutdown, it said on Tuesday, the latest example of global business disruption from the impasse that shows little sign of ending.Unilever, the maker of Dove soap and Hellmann’s mayonnaise, said the U.S. Securities and Exchange Commission was currently unable to declare effective the registration statement required for shares of The Magnum Ice Cream Company to be listed…
JPMorgan is moving away from shares of Goldman Sachs for the time being. Analyst Kian Abouhossein downgraded shares of the investment bank to a neutral rating from overweight. He lifted his price target to $750 per share from $625, but that implies 2% downside from Monday’s close of $763.32. Abouhossein’s downgrade stemmed from Goldman’s stock already trading at a fair valuation. On the other hand, its European counterparts Barclays and Deutsche Bank trade at “significantly cheaper valuations,” he wrote. Goldman trades at a price-to-book valuation of 2.17, per FactSet. Barclays and Deutsche Bank, meanwhile, have price-to-book ratio of 0.81 and…
