The firm has announced a new leadership structure involving its Co-CEOs, President and Global CIO.
CRE Herald
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Prior was -23K (revised to +21K) Two-month net revision +55K June was +57K Unemployment rate 4.1% vs 4.1% expected Prior unemployment rate 4.1% Unrounded unemployment 4.1413% vs 4.0900% prior Participation rate 61.6% vs 61.4% prior U6 underemployment rate 7.7% vs 7.9% prior Average hourly earnings +0.3% m/m vs +0.3% expected Average hourly earnings +3.1% y/y…
Sen. Cory Booker, from left, New Jersey Gov. Mikie Sherrill, New York Gov. Kathy Hochul, and Senate Minority Leader Chuck Schumer flip a ceremonial switch during the launch of the first tunnel boring machine for the Gateway Program Hudson Tunnel Project in North Bergen, New Jersey, Monday.Bloomberg News After years of delays, workers and machines…
PayPal has paused its planned sale of its venture capital portfolio after offers came in at no higher than 60 cents on the dollar, Seeking Alpha reported Friday (Sept. 4), citing a paywalled article by Axios that was based on unnamed sources. The investments in PayPal’s portfolio include shopping app Tabby and crypto platform Anchorage, and the company’s attempt to sell the…
Florida passenger train Brightline, one of the largest and most closely-watched credits in the high-yield municipal bond market, filed for Chapter 11 bankruptcy Thursday night in the United States Bankruptcy Court for the District of New Jersey. Processing Content The bankruptcy marks the largest municipal market restructuring in years. As previously reported, a group of…
Canada’s mortgage market remained relatively stable overall in the second quarter, according to Equifax, but conditions in Ontario and British Columbia continue to stand apart from the national picture. The credit bureau’s Q2 2026 Market Pulse presentation showed mortgage balances reaching $1.97 trillion, up 4% year over year and 1% from the previous quarter. The…
Amazon is required to pay out $1.5 billion to affected customers as part of its FTC settlement — and you have less than a week left to claim your share. The Federal Trade Commission sued Amazon in 2023, accusing the company of enrolling customers in Amazon Prime without their knowledge or consent and making it…