Declining cash flows at several big office landlords might be the next big worry for embattled office properties. Office landlords largely benefited from long-term tenant leases in place when the pandemic took hold in early 2020, but cash flows lately have begun to erode as more tenants downsize their office…
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Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remains muted when compared to last year. But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including…
The longer the debt-ceiling debate goes unresolved, the more pressure that risks building in credit markets. “Congress and President Biden have only a handful of scheduled days in session to come to an agreement to raise or suspend the debt limit,” CreditSights analysts led by global head of strategy Winnie…
Affirm Holdings Inc.’s wounded shares sank anew Tuesday afternoon, as the buy-now, pay-later service saw losses more than triple in its most recent quarter and faced interest-rate concerns. Affirm AFRM reported a fiscal third-quarter loss of $205.7 million, or 69 cents a share, more than three times the loss of…
Federal prosecutors have filed criminal charges against embattled Rep. George Santos, CNN reported late Tuesday. CNN said the charges have been filed under seal and the New York Republican is expected to appear in federal court Wednesday. Other media outlets, including the Wall Street Journal and New York Times, later…
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Nights booked on Airbnb Inc. hit a record high in the first quarter as more guests traveled overseas and returned to cities, leading to the company’s first profitable start to the year on record, executives announced Tuesday. But executives’ forecast was less bullish, even though they expect a strong summer…
I’m disabled, 52, and have one minor son. My boyfriend has his own house, and also has a minor child still living at home, as well as another son, 24, who is living at home and is employed as his younger son’s babysitter. He stays at my place, probably five…
Shares of Upstart Holdings Inc. rocketed 40% higher in after-hours trading Tuesday after the beleaguered financial-services company delivered an upbeat outlook for the current period even as its revenue for the latest quarter came in at a third of what it was a year before. Upstart UPST, which uses artificial…