Lumentum's $40 EPS Bet Changes Everything

Treasury yields surging past 5% are shaping the REIT landscape, pulling dealmaking into a slowdown.  With the 10‑year sitting at levels last seen in 2002, REIT executives and analysts say the cost of capital has climbed so fast that buyers and sellers can’t agree on pricing, creating a gap wide enough to stall acquisitions across…

Key insight: Fintech entrepreneur Darragh Buckley has re-launched the community bank he bought last year under the name Increase Bank. Supporting data: The underlying bank’s asset size grew by 48% in the fiscal year after Buckley acquired it for his enterprise payments fintech. Expert quote: “The value [for Buckley] comes from obtaining the institutional status…

This coming Hump Day is going to be an important one for Conagra Brands (CAG -1.12%). That morning, it’s scheduled to publish its first quarterly earnings report for the current fiscal year (2027), and expectations are modest. Even so, the food company has missed analyst estimates more than once in the recent past, and if…

OpenAI CEO Sam Altman sits for a conversation with Salesforce CEO Marc Benioff at Salesforce’s Dreamforce conference at the Moscone Center on Sept. 15, 2026 in San Francisco, California. Benjamin Fanjoy | Getty Images OpenAI decided not to release an upcoming artificial intelligence model, GPT-6.1 Astra, after determining that it did not adequately meet the…

CW Realty Group closed on a deal to acquire a parking facility in Downtown Brooklyn, Commercial Observer has learned. Cheskie Weisz’ CW Realty entered into a contract to purchase 55 Smith Street in December from New Jersey-based firm Edison Properties, Crain’s New York Business reported at the time. The sale closed on Friday and its…

Jared Solomon was sentenced to 11 years in prison for the $9.5 million leasing scheme he ran from inside Vornado Realty Trust. Solomon, pale and 20 pounds lighter than when he was last in court in April, wept inside the Federal courthouse in Lower Manhattan Thursday as he expressed remorse for his crime and said…