What’s behind Royal Caribbean’s ‘highly surprising’ push into Sandals vacation resorts
Royal Caribbean plans to take a 50% stake in Sandals, a move that gives the cruise line access to wealthier customers.
Royal Caribbean plans to take a 50% stake in Sandals, a move that gives the cruise line access to wealthier customers.
Shares of surged nearly sixfold on their first day of trading in Shanghai, marking a key moment for China’s humanoid robotics industry. The Hangzhou-based company, widely regarded as the country’s leading maker of advanced robots, opened at 1,100 yuan on the technology-focused STAR Market—far above its initial public offering price of 150.8 yuan. The stock…
Wealthy homeowners who might be subject to New York City Mayor Zohran Mamdani’s pied-à-terre tax just got more time to avoid it. Mamdani and Department of Finance Commissioner Richard Lee announced on Saturday that the deadline for homeowners to submit an exemption application has been extended to September 18. That’s four weeks past the original…
Kennedy Wilson said Wednesday that Jaime Lee has joined the firm as senior managing director of capital markets and real estate investments. Most recently CEO of Los Angeles-based Jamison, Lee joins Kennedy Wilson as the firm continues to expand its investment management platform and deepen relationships with institutional and private capital partners. In her new role, Lee will help lead capital formation initiatives,…
For the first time in over half a century, Berkshire Hathaway (BRKA -0.76%)(BRKB -0.39%) entered the year without Warren Buffett as its CEO. The Oracle of Omaha retired on Dec. 31, giving his understudy, Greg Abel, the responsibility to oversee Berkshire’s day-to-day operations and its revered $360 billion investment portfolio. Abel hasn’t been shy about…
Nvidia (NVDA -2.62%), soaring more than 900% over the past five years, clearly has been an excellent choice for investors aiming to win in the artificial intelligence (AI) boom. This tech giant is an obvious stock to select, considering its dominant position in the AI chip space. Nvidia makes the world’s fastest graphics processing units…
A U.K.-based digital communications firm has leased the third floor of a SoHo office building, Commercial Observer has learned. Next Fifteen Communications Group, also known as Next 15, signed a 6,350-square-foot lease at Milkystar’s 78 Crosby Street, the same building occupied by betting platform Polymarket, according to landlord broker Judson CRE. SEE ALSO: Ross Stores…