Month: September 2020

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
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CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November. 
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Abbas Hashmi is an international Family Office and Sovereign Wealth Fund focused expert. Managing Director at Crito Capital. getty Investing in income-producing rental property can provide you with a solid return, depending on your specific goals and market. It is an especially attractive investment at a time like this — when the stock market is volatile,
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Chicago-based CommonSpirit Health is eyeing the possible sale of up to $2 billion in the fourth quarter, the Chicago-based system reported in an investor notice. The system reported it was “currently evaluating” the financing to restructure and/or refinance existing debt including outstanding direct purchase bonds and to finance and reimburse itself for up to $750
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Republican senators tried to distance themselves from Donald Trump on Wednesday morning, following the US president’s aggressive debate performance and his refusal to condemn white supremacists. In the first presidential debate on Tuesday night, Mr Trump repeatedly interrupted and spoke over Joe Biden, the Democratic challenger, in what quickly devolved into an ugly, acrimonious spectacle.
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Check out the companies making headlines in midday trading.  Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
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The Continuum in Miami has a sanitizing butler for their beachfront ESPR Mudrooms are out. Instead the real estate world is giving a hearty welcome to disinfection rooms—the same physical space that mudrooms took up in a house, but now they’re being rebranded as a place for homeowners or their guests to take steps to
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Market participants overwhelmingly think the Municipal Securities Rulemaking Board landed on the right person to lead the organization after a lengthy process. Kim, MSRB’s chief operating officer, was announced Tuesday as the new CEO starting on Oct. 1. After a year-long process, the board went with an internal candidate. After Former CEO Lynnette Kelly left
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Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress.   ”Maybe long term, two,
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Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas
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As Virginia’s public colleges and universities navigate through the negative effects of the coronavirus pandemic, state leaders plan to use “scoop-and-toss” deals to provide them fiscal relief over two years. The bond refinancings are expected to save the state’s 16 public colleges and universities about $300 million by deferring debt service payments, according to Aubrey
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CEO of States Title, the family of companies using technology to make the residential real estate closing experience instant and affordable. getty Fannie Mae and Freddie Mac recently announced that they would charge lenders an “adverse market refinance fee” on refinancing loans with an original principal amount above $125,000. This fee goes into effect on December
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Wildfires on the West Coast and a seemingly unending train of hurricanes threatening the coasts along the Atlantic Ocean and the Gulf of Mexico provided an unmistakable sense of urgency as sustainable finance leaders from around the world converged online last week for the first virtual Climate Week NYC. But the concerning headlines about climate-related
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Vered Schwarz is the President and COO of Guesty, an end-to-end property management software for short-term rentals. getty Before the pandemic, those investing in short-term rentals as a side revenue stream knew that they typically demanded 30% more revenue than traditional long-term lets. For that reason alone, many homeowners sought out property management companies that specialized
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The pension plans for New York’s Metropolitan Transportation Authority are suing fund manager Allianz Global Investors in federal court, claiming risky investments “decimated” their balances when COVID-19 struck. These MTA plaintiffs lost 97.3% of the value of their investments between Dec. 31 and their final redemptions on April 23, according to a complaint filed Sept.
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Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they used to be, likely because rates have been so low for so long. The average
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