We could be looking at the most extensive banking crisis since the meltdown in 2008. On Nov. 18, Benzinga reported on comments made by Ben Miller, who oversees the real estate investment platform Fundrise, during the company's "Onward podcast. Miller's warnings, he told his audience, came after he met with some of the biggest banks in the world during a series of Wall Street meetings.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth.
Citigroup has decided to maintain its Sell rating of SL Green Realty and lower its price target from $35.00 to $17.00. Shares of SL Green Realty are trading down 2.34% over the last 24 hours, at $19.84 per share. A move to $17.00 would account for a 14.29% decrease from the current share price.
A major real estate investment trust has lost more than half its value since its early August 2022 highs. The REIT is suffering, along with many others in the sector, from investors dumping shares as the banking crisis remains front-page news and the Federal Reserve keeps raising interest rates.
Regulators faced the U.S. Senate Banking Committee Tuesday morning in a hearing following the collapse of SVB Financial Group and Signature Bank. What Happened: FDIC chair Martin Gruenberg, the Federal Reserve's Vice Chair for Supervision Michael Barr and the Treasury's Undersecretary for Domestic Finance Nellie Liang testified in front of Congress Tuesday morning.
The value of residential real estate in 20 major U.S. metropolitan cities, as measured by the S&P CoreLogic Case-Shiller Home Price Index, continues its downward trend and recorded an average decline of 0.6% in January, marking the seventh consecutive month of losses.
Wine & Spirits Wholesalers of America is advocating for the federal legalization and regulation of adult-use cannabis by applying regulations similar to those implemented for alcohol, making them the first alcohol industry trade association to do so.
Although U.S. cannabis companies are generating more revenue, the lack of progress in federal prohibition, weakness in equity markets and high-interest rates make it difficult for companies to sell stocks and raise capital, causing cash to become an essential asset.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
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