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The firm initiated coverage on the stock with a buy rating and $60 price target, implying 37.2% upside from where shares closed on Monday. Analyst Mark Lipacis has a target price of $1,160 on shares, suggesting around 35% upside from where shares closed on Monday. However, it kept its $9 price target, which implies upside of just 7.7% over the next 12 months. The stock price now better considers some of our midterm concerns," worte analyst Joseph Spak. Analyst Frank Lee also raised his price target to $225 from $180, implying shares rallying nearly 38% from Monday's close.

Persons: Rivian, Goldman, DraftKings, Goldman Sachs, Ben Miller, Miller, — Hakyung Kim, Joe Ritchie, Ritchie, Nvidia isn't, it's, Mark Lipacis, Lipacis, Hakyung Kim, hasn't, Nicole DeBlase, DeBlase, Joseph Spak, we'd, Fred Imbert, Frank Lee, Lee, Nvidia's GB200 Organizations: CNBC, UBS, HSBC, AMD, US Online Gaming, GE, GE Vernova, General Electric, Nvidia, ISI, Honeywell, Deutsche Bank, Deutsche, Rivian Automotive Locations: NVDA, Monday's

☆ We want to democratize access to private tech companies, says Fundrise CEO Ben Miller
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want to democratize access to private tech companies, says Fundrise CEO Ben MillerBen Miller, Fundrise CEO and co-founder, joins 'Squawk Box' to discuss his efforts to help retail investors get in on the AI boom before private AI companies go public, details of the firm's innovation fund, growth outlook for the AI sector at large, and more.

Persons: Ben Miller Ben Miller

☆ Student-loan forgiveness and cheaper monthly payments are on the line as the GOP's plan to slash Education Department funding moves forward
▼ + stars: | 2023-11-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

House Republicans proposed a bill to cut funding for the Education Department. AdvertisementAdvertisementFunding cuts could be coming for the Education Department, and key programs for student-loan borrowers are at risk. These funding cuts would come just over a month into federal student-loan borrowers' return to repayment after an over three-year pause. The GOP appropriations lawmakers, however, wrote that the "Department diverted taxpayer resources for its partisan, costly student loan policies, when it needed to be preparing for an orderly resumption of Federal student loan payments." "The Department repeatedly delayed the return to loan repayment, which generated uncertainty and undermined a timely and orderly restart of loan payments," they wrote.

Persons: —, Biden, Virginia Foxx, Ben Miller Organizations: Republicans, Education Department, Service, Labor, Health, Human Services, Education, Federal Student Aid, GOP

☆ An Orchestra’s ‘Ode to Joy’ Calls for Ukrainian Freedom
▼ + stars: | 2023-08-25 | by ( Ben Miller | ) www.nytimes.com time to read: +1 min

Not long after the Berlin Wall fell, in 1989, Leonard Bernstein traveled to the once-divided German city and led a performance of Beethoven’s “Ode to Joy,” replacing the word “Freude,” or joy, with “Freiheit” — freedom. In an echo of that historic concert, the Ukrainian Freedom Orchestra, a touring ensemble formed in the early months of Russia’s invasion of Ukraine, presented Beethoven’s Ninth Symphony in the suburbs of Berlin on Thursday. And, for the famous “Ode to Joy” choral finale, the text was translated to Ukrainian, with the key word being “slava,” or glory, as in “Slava Ukrainii”: Glory to Ukraine. “I’m driven by my passion for Ukraine,” the orchestra’s conductor, Keri-Lynn Wilson, said on Thursday afternoon before the concert, at the garden of Schönhausen Palace. The orchestra, made up of 74 Ukrainian musicians — some of whom live in that country still, some of whom have fled — was about to perform as part of its second summer tour of Europe.

Persons: Leonard Bernstein, Beethoven’s, Joy, ”, slava, Slava Ukrainii ”, “, Lynn Wilson, Putin, — Organizations: Orchestra Locations: Ukrainian, Ukraine, Berlin, Schönhausen, Europe

☆ The US is short on homes. Here’s how builders are still offering the American Dream
▼ + stars: | 2023-07-14 | by ( Anna Bahney | ) edition.cnn.com time to read: +8 min

This relatively new and growing segment of the housing market is called “build for rent” or BFR (or “build to rent” or BTR). Often constructed in suburban areas with low crime and near good schools, BFR homes attract those who want the lifestyle of a house — but the affordability or convenience of renting. Over the past few years, however, large investment groups — like Home Partners of America or Invitation Homes — have got into buying up existing single-family homes to rent. Miller said demand for BFR homes is strong and suit a modern way of living involving remote work, lifestyle moves and delayed homeownership. Even as a small portion of the market, those BFR homes that are being built are not the smaller, more affordable homes that middle-income earners are looking for.

Persons: ”, David Howard, Howard, “, Ben Miller, ” Miller, Miller, Donald Trump’s, homeownership, Bruce McNeilage, ” McNeilage Organizations: DC CNN, National Rental Home, National Rental Home Council, Urban Institute, Home Partners of America, Research, Joint Center for Housing Studies, Harvard University, Kinloch Partners, Survey Locations: Washington, Texas , California , Arizona, Florida, North Carolina, Georgia, BFR, United States, Nashville, Greenville , South Carolina, Yardi

☆ A team at Chicago's Field Museum assembled a giant dinosaur, larger than T. rex 'Sue', in under 10 hours. Here's how they did it.
▼ + stars: | 2023-06-15 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

The Field Museum's new Spinosaurus exhibit is longer than its famed T. rex named Sue. The Field Museum"It was well-adapted to eat fish, and would have spent much of its time in and around rivers," said Ben Miller, exhibitions developer at the Field Museum. "For that reason, we decided to display Spinosaurus in a swimming pose, suspended 12 feet above the floor." But that's because this dinosaur exhibit has a few key secrets that made it all possible. That specimen was about 50% complete, Miller said, and is what the Field Museum cast is based on.

Persons: Sue, —, It's, Ben Miller, Miller, Tom Skwerski, Elise Schimke, Musuem Matteo Fabbri, Field Museum who's, Skwerski, Spinosaurus, Chicago Flyhouse, Ernst Freiherr Stromer von Reichenbach Organizations: Service, Field, Field Museum, Sue, Hassan II University, Museum, Chicago, Stanley Field Hall Locations: Asia, Chicago, Northern Africa, Casablanca, Morocco, Italian, Egypt, Munich

☆ Analysis: Overexposed US regional banks could sell commercial property loans
▼ + stars: | 2023-05-17 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

Still, previously unreported data from New York-based real estate data provider Trepp, shared with Reuters, show many regional banks' holdings exceed thresholds stipulated by regulators. While big banks have recently warned about CRE exposure, the new Trepp data underscores how acute and widespread the problem is across the banking sector. The regulatory guidance requires that banks exceeding these thresholds "should employ heightened risk management practices," including potential sales of specific loans. Meanwhile, New York Community Bancorp (NYCB.N) and Flagstar Bank [RIC:RIC:FBCANK.UL] were among the top five banks listed by Trepp that exceeded the CRE loan threshold. In Tuesday congressional testimony, FDIC chair Martin Gruenberg warned CRE loan portfolios "face challenges" should market conditions persist.

☆ Gen Z Investing in Real Estate, Buying Homes Early, Learning From Millennials' Mistakes
▼ + stars: | 2023-03-21 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Unlike millennials before them, Gen Zers have grown up during a boom in home prices. In a 2020 survey by Gen Z Planet, a research and advisory firm, 87% of Gen Z respondents said they wanted to own a home in the future, while just 63% of millennial respondents said the same. The survey suggested that 68% of Gen Zers viewed homeownership as a way to build wealth, compared with 60% of millennials. But the ranks of Gen Z homeowners will almost certainly grow in the coming years as they scale corporate ladders and amass savings. All this new technology and information is fueling the real-estate-mogul dreams of ambitious Gen Z investors.

Proptech customers, employees, and investors said they went from delighted to disillusioned. Proptech investors eager to capture these trends pumped $32 billion into the industry in 2021. As markets deteriorated, disillusionment set in among proptech customers, investors, and employees. Some customers say they were disappointed buying homes via proptech startupsReal-estate startups like Divvy Homes and Better launched under the auspices of helping customers afford quality homes. Investors in proptech firms are taking financial hitsYou don't need to ask proptech investors whether they're disappointed in the sector's performance — just look at share prices.

☆ The CEO of a company that's purchased $7 billion in real estate expects competitors who've relied on cheap debt will get washed out
▼ + stars: | 2022-11-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

As borrowers' debt comes due, rising interest rates will cause defaults and sales. Defaults could cascade through the financial system, putting "trillions" of dollars at risk. After nearly 15 years of rock-bottom interest rates, financial markets — including real estate — are being weaned from easy money by Federal Reserve rate hikes, Benjamin Miller, the CEO, said. Suddenly, landlords might be on the hook for 20% or more of the total value of the property, and their interest rates will be at least double what they were. An even bigger risk to the financial system lies with interest-rate derivatives, or financial contracts used to mimic or bet against rate moves.

☆ Online real-estate investment firm Fundrise is paying way over housing-market value for some build-to-rent communities. Here's why it says it's still a winning strategy.
▼ + stars: | 2022-10-24 | by ( Alex Nicoll | Lisa Kailai Han | James Rodriguez | ) www.businessinsider.com time to read: +14 min

Build-to-rent communities skip the intermediary and go straight to the homebuilder. While typical single-family rental strategies, pioneered by Blackstone in the aftermath of the Great Recession, are inherently tied to the housing market, build-to-rent is not. In the eyes of private equity, there's no difference between build-to-rent communities and apartment blocks. If you value Cypress Bay as an apartment building, instead of a collection of homes, Fundrise got a good deal. Fundrise is still working on deals, Miller said, with a deal pipeline stretching out to 2025.

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