SL Green at BofA real estate conference: leasing surge lifts outlook

Key insight: The Bank of New York Mellon’s raised its full-year guidance, signaling sustained confidence that its push into AI deployment and on-chain financial infrastructure is translating into durable earnings momentum. Expert quote: “The way one gets disintermediated is when you don’t invest, when you don’t participate in the new thing.” — CEO Robin Vince…

In this episode of the RIA Edge Podcast, host David Armstrong speaks with Gregg George, founder and managing director of Crescent Grove Advisors, about how the firm grew to approximately $6 billion without acquisitions, outside investors or debt. Gregg shares how the firm builds relationships with executives and business owners before major liquidity events, maintains…

There’s nothing quite like a bold target to focus attention, and Project 28 has certainly given the property industry one. Its ambition to reduce the period between sale agreed and exchange to 28 days is commendable, if ambitious, especially when you take into account that the current average is four times that number. Getting anywhere…

Since taking the reins at Berkshire Hathaway (BRKA +0.21%) (BRKB +0.31%), Greg Abel has been busy reshaping the conglomerate’s stock portfolio. He trimmed the enormous Apple stake, built a large position in Alphabet, and closed out more than a dozen smaller holdings. Yet one corner of the empire he has left almost entirely alone is energy. Coming…

Business-class airline tickets were already booked for us to fly around the world for my husband’s 50th birthday. Then he threw me a curveball: An African safari was on his bucket list, too. I wanted to fulfill his wish while keeping money and time constraints in mind. After all, when I heard “African safari,” all…

Satya Nadella took a quiet swipe at AI labs like Anthropic for how they train their models. In an X post on Sunday, the Microsoft CEO said that model makers complaining about distillation is hypocritical. Distillation is the process of training a less powerful model based on the outputs of a stronger one. “While the…