Sonder is back. Sort of. TravelAI, a Canadian AI travel company, announced Monday it purchased the Sonder brand and relaunched Sonder.com. The deal did not include Sonder properties or its operating business. Sonder, which operated boutique hotels and short-term rentals, filed for bankruptcy and shuttered its operations in November after hotel giant Marriott International abruptly…
Asian equities dropped as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers. Crude oil extended its decline. The MSCI Asia Pacific Index fell 1.2%, with technology shares the biggest losers. The Kospi Index in South Korea dropped 5.6%, while the Nikkei in Japan slid 1.3%. The moves came after a US gauge of…
Oil Prices Decline 1% As Investors Assess Impact of Pause in US Strikes on Iran Market Reactions and Geopolitical Developments By Ishaan Arora July 28 (Reuters) – Oil prices fell 1% on Tuesday as market participants continued to weigh a pause in U.S. strikes on Iran, which has raised hope of a diplomatic solution to…
Tidal Real Estate Partners is “waving” hello to the opportunity to convert a Savannah, Ga., multifamily building into a Margaritaville-branded hotel. The New York City development firm just sealed $113 million of bridge debt to recapitalize and repurpose the 2023-built Ann Street Lofts property into the 230-key Margaritaville Hotel Savannah, Commercial Observer has learned SEE…
Construction work has been halted at a second Manhattan project as city officials embark on an inspection onslaught at office-to-residential conversions following the near collapse of a Midtown skyscraper. City inspectors ordered that construction be stopped at GFP Real Estate’s 222 Broadway on Friday, The Wall Street Journal first reported. The issue revolves around a contractor’s…
Oil prices fell 1% on Tuesday as market participants continued to weigh a pause in U.S. strikes on Iran, which has raised hope of a diplomatic solution to their conflict and the normalisation of Middle East energy flows. Brent crude futures were down $0.54, or 0.6%, at $87.82 by 0046 GMT. U.S. West Texas Intermediate…
The southeastern U.S. supermarket chain May have closed a number of stores in recent months, but the company appears to be growing its overall footprint.
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Dario Amodei is clearing the air on open-weight AI models. The Anthropic CEO on Monday pushed back against claims that his AI startup wants Washington to ban open-weight AI models and said that critics have misunderstood the company’s position. “Anyone who has read my past writing should know that I don’t regard such bans as…
Nashville is the nation’s second-strongest buyer’s market with 129% more home sellers than buyers in June. In other words, Nashville has more than two home sellers for every buyer actively in the market. Years of steady homebuilding, fast home-price appreciation and higher mortgage rates have shifted Nashville’s housing market to favor buyers since the pandemic…