Self-storage sector begins to stabilize after years of overbuilding

Putilich | Istock | Getty Images Analysts and pundits in finance have an endless supply of clever, simplistic explanations for complex market movements. Over the years, culprits have ranged from El Niño and climate change to the World Trade Organization, rock ‘n’ roll music and the fluoridation of water. Many of these explanations proved wrong, yet commentators…

Memory stocks have been on a tremendous run over the past year, buoyed by surging prices, ballooning gross margins, and huge free cash flow. This has helped the stocks of Micron Technology (MU -0.78%), Sandisk (SNDK -0.28%), and SK Hynix (SKHY +0.20%) (before its U.S. IPO) go parabolic this year. Micron is up more than…

Key insight: Credit unions are expressing less concern about AI model risk, according to American Banker research.   What’s at stake: As more financial institutions use AI, the risk of models performing outside of their training will become a broader threat.  Expert quote: “AI is no longer a future issue. The decisions credit unions make today…

More than a decade after relocating to London, soccer legend Thierry Henry and his partner are ready to kick their Soho penthouse apartment to another owner. Henry and Andrea Rajacic listed their unit at 39 Crosby Street for $25 million, the Wall Street Journal reported. They purchased the unit and the one below the penthouse…