Markets
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Office REITs with this falling profitability metric are a worrying sign, Barclays says
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 space as hybrid work looks…
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ZIP Stock Price | ZipRecruiter Inc. Cl A Stock Quote (U.S.: NYSE)
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Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobbles
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 things like IRAs and forays…
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How debt-ceiling worries could play out in risky corporate bond market, according to CreditSights
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 Cisar said in a note…
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Affirm stock sinks as loss more than triples, bank stress and rising rates spark concerns
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 19 cents a share recorded…
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Feds file criminal charges against Republican Rep. George Santos: report
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 confirmed the report. It… Source
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BLND Stock Price | Blend Labs Inc. Stock Quote (U.S.: NYSE)
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‘I feel used’: My partner stays with me 5 nights a week, even though he owns his own home. Should he pay for utilities and food?
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 out of seven nights, but…
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Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big investors
Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board directors. The company lost $1.26…
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Biden describes debt-ceiling meeting as ‘productive,’ but McCarthy says he ‘didn’t see any new movement’
House Speaker Kevin McCarthy on Tuesday said he “didn’t see any new movement” toward ending Washington’s standoff over the debt ceiling, as he assessed how a much-anticipated meeting on the issue went. President Joe Biden hosted the meeting at the White House with the country’s four top lawmakers, and beforehand analysts had predicted it would…