Top US Regulators Flag Increasing Commercial Real Estate Risks
The top US financial regulators say they are stepping up scrutiny of how exposed banks are to commercial real estate, as vacancy rates increase.
Bloomberg Business
Nikola Short Sellers Take a Hit on EV Maker’s Recent Rally
Nikola Corp. shares surged this week in a rally that’s eating into paper profits for traders betting against the electric-vehicle maker and setting them up for a short squeeze.
Defiant Stock Bulls Are Acting Like the Earnings Recession Is a Hoax
Another week, another 600 points in the Nasdaq 100. How does this keep happening? It may be that despite the Federal Reserve’s best efforts to drain the economy of vigor, nothing terrible has actually happened to the corporate earnings engine.
Nikola to Cut 270 Jobs as Maker of EVs Seeks to Preserve Cash
Nikola Corp. is cutting 270 jobs as the maker of electric big rigs seeks to reduce costs and preserve cash.
Rail Groups Sue California as State Pushes For Zero-Emissions Locomotives
Rail industry trade groups filed a lawsuit against a California state agency for rules that call for zero-emissions locomotives to replace existing equipment — a technology the industry says isn’t ready.
Michael Jordan to Sell $3 Billion Hornets Stake to Plotkin
Michael Jordan is selling a majority stake in the NBA’s Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall for $3 billion, according to people familiar with the matter.
SoFi Falls as Trio of Bullish Analysts Retreat After Rally
A trio of Wall Street bulls have moved to the sidelines on SoFi Technologies Inc. this week after a blistering rally drove the online lender’s stock to double this year.
S&P 500 Above 4,400 Leaves No Room for More Gains, Citigroup Says
The bull-market rally in US stocks is about to run out of steam, according to Citigroup Inc.
Biden Says US Must Deal With Gun Violence to Reduce Crime
President Joe Biden touted his efforts to curb gun violence as necessary for reducing crime, saying a landmark law he signed last year was already saving lives.
Sustainable Meat Startup Do Good Foods Files for Bankruptcy
Do Good Foods, a sustainable meat producer focused on cutting food waste that has counted asset-management giant Nuveen among its investors, filed for bankruptcy on Friday.
