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☆ Microsoft, Khan Academy provide free AI assistant for all educators in US
▼ + stars: | 2024-05-21 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Microsoft is partnering with tutoring organization Khan Academy to provide a generative AI assistant to all teachers in the U.S. for free. Khanmigo for Teachers, which helps teachers prepare lessons for class, is free to all educators in the U.S. as of Tuesday, with the financial support of Microsoft. Microsoft and Khan Academy are also planning to provide more AI-powered math tutoring to students through a new open-source small language model from Microsoft's Phi-3 AI technology. The relationship between the tech giant and education nonprofit will also feed back into Microsoft's Copilot AI, with more Khan Academy content added, and Khan content brought into Microsoft Teams for Education, an existing free communication app for students and teachers. Microsoft co-founder Bill Gates recently recommended Khan's new book on AI in education.

Persons: Sal Khan, Sam Altman, Greg Brockman, zeroed, Khan, Nadia, Alan Turing's, Khanmigo, Bill Gates, Gates Organizations: Microsoft, Academy, Khan Academy, CNBC, Khan, CNBC's Technology, Phi, Microsoft Teams, Education Locations: U.S

☆ My kids' middle names are places my husband and I have loved. I didn't want to name them after people.
▼ + stars: | 2024-05-20 | by ( Katrina Donham | ) www.businessinsider.com time to read: +5 min

I gave birth to my first child — a daughter — in New York City in April of 2020, just after the start of the pandemic. Related stories"Roan" was the perfect choice for my first child — Roan Mountain held such a special place in my heart, and I knew that one day, it would hold a special place in her heart, too. AdvertisementHowever, despite our decision being the right one for our family, my husband and I started to find ourselves grieving our pre-kid, city life. Without a doubt, the Hudson River Valley quickly became one of our homes-away-from-home — another special place in our book of life. It was perfect, and when we were surprised with a second daughter, it fit her well.

Persons: —, I'd, Roan, We'd Organizations: Appalachian, Metro Locations: New York City, United States, Tennessee, — Roan, Asheville , North Carolina, Queens, Hudson

☆ An ultra-rare Magic: The Gathering card just sold for a record $3 million
▼ + stars: | 2024-05-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

An ultra-rare Magic: The Gathering card just sold for a record $3 million. The new record exceeds Post Malone's $2 million purchase of a one-of-a-kind Magic: The Gathering card last year. AdvertisementAn ultra-rare Magic: The Gathering card just shattered records and sold for $3 million, according to CGC Cards. AdvertisementThe previous record sale for a Magic: The Gathering card took place last year when rapper Post Malone acquired the one-of-a-kind "One Ring" card for $2 million. The buyer of the $3 million Black Lotus card remains unknown.

Persons: —, Adam Cai, Post Malone, Tolkien's, Malone, Christopher Rush Organizations: Service, Post

☆ Stocks' bull run will end in a bubble or recession, says Bank of America strategist
▼ + stars: | 2024-05-03 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe bull market that's pushed stock prices higher for the past year and a half will probably end in tears, Bank of America's Michael Hartnett warned. Equities are in a "late secular bull market" that likely "ends with [a] bubble and/or recession," the bank's chief investment strategist wrote in a Friday research note seen by Business Insider. Hartnett's bearish stance clashes with the view held by BofA's head of US equity and quantitative strategy, Savita Subramanian, who has predicted that stocks' bull market will last.

Persons: BofA's Michael Hartnett, —, of America's Michael Hartnett, Hartnett's, Hartnett, Marko Kolanovic, BofA's, Savita Subramanian, stagflation Organizations: Service, of America's, Business, JPMorgan

☆ The fall of Gucci was inevitable
▼ + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com time to read: +13 min

"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.

Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia

☆ FDA approves Pfizer’s first gene therapy for rare inherited bleeding disorder
▼ + stars: | 2024-04-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

The Food and Drug Administration on Friday approved Pfizer 's treatment for a rare genetic bleeding disorder, making it the company's first-ever gene therapy to win clearance in the U.S. The agency greenlit the drug, which will be marketed as Beqvez, for adults with moderate to severe hemophilia B who meet certain requirements. Without that protein, called factor IX, patients with hemophilia B bruise easily and bleed more frequently and for longer periods of time. The gene therapy will compete with Australia-based CSL Behring's Hemgenix, a similar treatment that won FDA approval for hemophilia B in 2022. The company is also developing a gene therapy for Duchenne muscular dystrophy, a genetic disorder that causes muscles to weaken gradually.

Persons: IX, hemophilia, Adam Cuker, Cuker Organizations: Drug Administration, Pfizer, U.S, Penn's, Spark Therapeutics, hemophilia Locations: U.S, Australia

☆ Kering shares dive after first-half profit warning
▼ + stars: | 2024-04-25 | 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 EmailKering shares dive after first-half profit warningThe owner of Gucci saw its shares dive after warning on Kering's outlook for first-half profit.

Persons: Gucci

☆ Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up.
▼ + stars: | 2024-04-24 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Kering predicts a 45% drop in its first half-year operating income because of Asia's consumer slowdown. Gucci, Kering's largest brand, suffered an 18% revenue decline, with a sharp drop in Asia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In earnings on Tuesday, the company warned that recurring operating income for the first half of the year will decline up to 45%, compared to the first half of 2023.

Persons: Kering's, —, Gucci, Yves Saint Laurent Organizations: Kering's, Service, Business Locations: Asia, China

☆ A Harvard Medical School professor with ADHD shares how he retrained his brain for deep work and reached peak productivity
▼ + stars: | 2024-04-17 | by ( Dr. Jeffery Karp | ) www.businessinsider.com time to read: +10 min

Using two tactics to retrain his brain, Karp gained confidence and pursued a career in academia. The MIT and Harvard professor shares the benefits of working in a flow state in his new book. Though I still struggle every day in various ways, I'm grateful to be able to say that these LIT tools enabled me to meet and far exceed those dismal early expectations. AdvertisementYou're never too old to charge your brain this way, and most definitely no one is ever too young. In fact, LIT tools can be lifesavers for kids, as they were for me.

Persons: Jeffery Karp, Karp, —, Eric Kandel, you've, we're, I've, they've, Jeff Karp, William Morrow, Jeffrey Michael Karp Organizations: MIT, Harvard, Service, Harvard Medical School, National Academy of Inventors, Royal Society of Chemistry, American Institute for Medical, Biological Engineering's College of Fellows, Biomedical Engineering Society, Canadian Academy of Engineering, Karp Lab, Center, Medical Locations: Canada, playbook, LIT

☆ I stayed at a 5-star Tulum resort that once belonged to Pablo Escobar, and the luxury amenities blew me away
▼ + stars: | 2024-04-12 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +1 min

Lio Malca transformed the mansion into a five-star resort filled with his own art collection. One of the bars is covered with Keith Haring's original Tokyo Pop Shop wallpaper. Anneta Konstantinides/Business InsiderCasa Malca opened in 2014 with eight rooms in the original mansion and has since expanded to 71 suites offering views of the private beach or lush gardens. Search for Casa Malca on Instagram and you'll see a Keith Haring, Basquiat, or Jeff Koons pop up on an influencer's grid. While tourists can access Casa Malca by paying a $110 food and drink minimum at any of its restaurants, most of the resort — including its popular Instagram spots — is reserved only for guests.

Persons: Lio Malca, Keith Haring's, Keith Haring, Basquiat, Jeff Koons Organizations: Malca

☆ These 10 retail brands are the fastest growing in the U.S., Yelp says
▼ + stars: | 2024-04-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.

Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California

☆ 3G Capital quietly exited its Kraft Heinz investment last year
▼ + stars: | 2024-04-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

They had continued to be an investor and were treated as we do any investor," Kraft Heinz said in a statement to CNBC. "We did learn from their recent filing that 3G exited the Kraft Heinz stock entirely in 2023." Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. Kraft Heinz sought to drive inorganic growth through a takeover bid for Unilever, but the Popsicle owner rejected its offer. In 2022, it distributed about 7% of Kraft Heinz to investors in its fund, which reportedly included tennis star Roger Federer.

Persons: Kraft Heinz, Warren Buffett, 3G's, Heinz, Buffett, Jorge Paulo Lemann, Alexandre Behring, Joao Castro, Neves, Roger Federer, Carlos Abrams, Rivera, he's Organizations: 3G, CNBC, Kraft, 3G Capital, Kraft Foods, Heinz, Busch InBev, Burger King, Big, Unilever, Securities and Exchange, Berkshire, InBev, Planters Locations: Berkshire, Lactalis

☆ Consumer discretionary spend is starting to fade, says Allspring's Bryant VanCronkhite
▼ + stars: | 2024-04-09 | 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 EmailConsumer discretionary spend is starting to fade, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, portfolio manager at Allspring Global Investments,, joins 'Power Lunch' to discuss his expectations for tomorrow's CPI report and the state of the consumer.

Persons: Allspring's Bryant VanCronkhite Bryant Organizations: Allspring Global Investments, CPI

☆ Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
▼ + stars: | 2024-04-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened. Revenues fell 35% in 2020, a nearly $10 billion decrease from the $26.2 billion the experiences division had tallied in the year before the pandemic. The experiences division posted record revenue of $32.5 billion in fiscal 2023, a 16% increase from the prior year. Its innovations, from ride mechanics and animatronics to creature design and immersive architecture, have made Disney's parks a standout in the industry. Storytelling is at the heart of everything across Disney's experiences division.

Persons: Mickey Mouse, Ian Langsdon, Josh D'Amaro, D'Amaro, Bob Chapek, D'Amaro —, Walt Disney, King Arthur Carousel, Christian Thompson, you've, it's, Bob Iger, Nelson, Walt Disney Imagineering, Rey, Kylo Ren, Judy Hopps, Imagineers, CNBC —, Lewis, Disney, Imagineering, Matt Stroshane, Alan Bergman Organizations: Paris, Afp, Getty, Gibson, Disney, Walt Disney Imagineering, Hong Kong Disneyland, Walt Disney, Guardians, Magic Kingdom, Epcot, Star Wars, California Disneyland's, Walt Disney Imagineering's, Disney Engineers, Force, Southwest, CNBC, Galactic, Marvel Locations: California, Burbank, Disneyland, Hong Kong, Shanghai Disneyland, Florida, Epcot, Magic, Wharf, Disneyland's, Disney's, Edge

☆ Here's what upgrading to a nicer home could cost you, and why it's locking up the market
▼ + stars: | 2024-04-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Higher mortgage rates usually cool both prices and demand, as they did last year, but that's not the case now. There are still too few homes for sale because current homeowners can't afford to move, and it's keeping prices high. Buying the same home they're in now would increase their monthly payment by 60%, according to ICE. Those increases represent national averages and can vary market to market. For example, moving up would add $604 to a homeowner's monthly payment in Buffalo, New York, an increase of 108%; and $4,517 in San Jose, California, an increase of 161%, according to the ICE data.

Persons: that's, Andy Walden Organizations: Federal Reserve, ICE Mortgage Technology, ICE Locations: Buffalo , New York, San Jose , California

☆ A family's $6,300 vacation was at risk when the passport office lost their daughter's photo and replaced it with the wrong child
▼ + stars: | 2024-03-25 | by ( Monica Humphries | ) www.businessinsider.com time to read: +5 min

They booked the trip three months in advance, and shortly after, she began the passport application process for herself and her two daughters, Sofia, 5, and Daya, 3. Representatives for the UK's passport office did not respond to a request for comment from BI. The office couldn't find the image sent with Daya's application, so Basi rushed to get a new photo sent to the passport office. Then, Basi said the passport office sent this second set to the wrong regional office. Basi said she had filed at least three complaints now, but it's been radio silence from the passport office.

Persons: —, Dillon Birring's, Basi, Sofia's, hadn't, Peter Garrard Beck, Daya, it's Organizations: Service, Business, BBC Locations: England, Egypt, Sofia, Liverpool, London

☆ Gucci sales to fall 20% in first quarter, Kering warns
▼ + stars: | 2024-03-20 | 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 EmailGucci sales to fall 20% in first quarter, Kering warnsCNBC's Charlotte Reed discusses Kering's surprise profit warning, as the company forecasts Gucci sales will fall 20% in the first quarter of 2024.

Persons: Kering, CNBC's Charlotte Reed

☆ China's richest man is under fire over conspiracy theories that say he's secretly promoting Japan
▼ + stars: | 2024-03-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

China's richest man is being targeted by nationalists who say he's not patriotic enough. AdvertisementZhong Shanshan, the richest man in China, has been beset this month by accusations from an online nationalist crowd that he isn't loyal enough to his country. Some think Nongfu Spring loves JapanThe hostility escalated this week into claims that Nongfu Spring was intentionally planting elements of Japanese culture into its product marketing. CFOTO/Future Publishing via Getty Images and Jinhee Lee/NurPhoto via Getty ImagesAnother complaint accused Nongfu Spring of using a red bottle cap that resembles the Japanese flag. China's nationalist groups have been notorious for turning on typically celebrated figures and businessmen.

Persons: Zhong Shanshan, Zong Qinghou, —, Zhong, he's, Zong, Zhong Shuzi, Jinhee Lee, NurPhoto, Mr Zong, Hu Xijin, shouldn't, Hu, Li Guoqing, Li, Zong Fuli, Mo Yan Organizations: Service, Nongfu, Hong, Hangzhou Wahaha, Hangzhou Wahaha Group, Getty Images, Weibo, Mount, Publishing, Getty, Global Times, The Global Times, Rongsheng Petrochemical, China Newsweek, China News Service, Business Locations: Japan, China, Hong Kong, Hangzhou, Zhejiang Province, American, Tokyo, Mount Fuji

☆ Real-Estate Agents Use 'Steering' to Hide Cheap Houses From Homebuyers
▼ + stars: | 2024-03-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Technically, the seller can promise as little as $0 to the buyer's agent; after all, why pay for someone you didn't hire? But multiple agents told me there are all kinds of ways shady practitioners try to skirt the rules. Critics say the stickiness of the going commission rate is evidence of steering's ubiquity. He said buyers' agents might call and say, "'Why is there no buyer's commission?" There are lots of willing brokers out there; if you suspect steering, agents told me, you've got plenty of options for a second opinion.

Persons: should've, Redfin, Julie —, Julie, Wendy Gilch, Gilch, they're, Doug Miller, Real, Rex, Keller Williams, I'm, Brendon Bowers, we're, Stephen Brobeck, Brobeck, they'll, you've, Rich, they've Organizations: Department of Justice, National Association of Realtors, Business, Facebook, Realtors, NAR, Consumer Federation of America, DOJ Locations: America, Minnesota, Austin, Houston, Kansas City , Missouri, Phoenix

☆ 10 things I wish I knew before planning my $25,000 Disney World wedding
▼ + stars: | 2024-03-07 | by ( Mystee Ipong | ) www.businessinsider.com time to read: +10 min

I planned a small wedding at Disney World for under $25,000, and I learned a lot about the process. I knew I'd have to hit an event minimum, but I didn't know how complicated the system was. I definitely should've paid for private transportation for my guests, Disney World property is huge. Read on for the most important things to know before planning a Disney wedding. There's truly a Disney wedding venue for everyone, and you don't have to limit yourself to oneThe decor was simple, just like I wanted.

Persons: —, Read, There's, Tamu, Epcot's Italy Isola, Willie, it's, Mystee, they're, I've, Tyler Maness, Alice, Hatter, you'll, Smith's, You'll Organizations: Disney, Service, Cinderella, Animal Kingdom, Magic Kingdom, Animal, Floridian, Disney Springs, Blues Locations: Animal Kingdom, Italy, Epcot, Whitehall, Epcot's Italy, Florida, Magic, San Francisco

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ Investors need to respect the reality of a possible recession, says Allspring's Bryant VanCronkhite
▼ + stars: | 2024-02-21 | 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 EmailInvestors need to respect the reality of a possible recession, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, Allspring Global Investments portfolio manager, joins 'Power Lunch' to discuss the Fed minutes and what it means for the market.

Persons: Allspring's Bryant VanCronkhite Bryant Organizations: Allspring Global

☆ Commercial real estate is in big trouble — and the problems may have major financial fallout
▼ + stars: | 2024-02-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Read previewThe tremors rattling US commercial real estate are spreading to other countries and sectors, and threaten to escalate into a financial earthquake as refinancing deadlines loom. There are growing signs that commercial real estate is in serious trouble. AdvertisementProspective losses, refinancing woes, international contagion, and panic selling combine to create a bleak outlook for the commercial property sector. The catalyst for both the banking and commercial real estate drama is deceptively dry: rising interest rates. AdvertisementMoreover, "Undercover Billionaire" star and real estate tycoon Grant Cardone has hailed the ongoing correction as a rare chance for everyday people to buy "trophy real estate" from institutional owners.

Persons: —, aren't, Barry Sternlicht, Pfandbriefbank, Warren Buffett, Ian Jacobs, Jacobs, Grant Cardone Organizations: Service, Business, Starwood Capital's, Bloomberg, European Central Bank, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Wall Street, Berkshire Hathaway, Ares Management Locations: Europe, Silicon, San Francisco, New York City, Manhattan, Los Angeles

☆ Fani Willis takes the stand hellbent on setting the record straight — but legal experts are split on whether her testimony did more harm than good
▼ + stars: | 2024-02-16 | by ( Erin Snodgrass | Haven Orecchio-Egresitz | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Citing a filing from Wade's divorce proceedings, attorneys for the defendants alleged that Wade and Willis had an improper relationship. A witness for the defense attorneys alleged Thursday that Willis and Wade's relationship began in 2019. Nathan Wade, the Georgia prosecutor who admitted to a relationship with his colleague, Fulton County DA Fani Willis, in court. Fulton County DA Fani Willis testifies at a hearing Feb. 15 in Atlanta on her relationship with Special Prosecutor Nathan Wade. Most experts were skeptical that the evidence presented Thursday would lead to Willis or Wade being dismissed from the case.

Persons: —, Fani Willis, Nathan Wade, Donald Trump, Scott McAfee, Willis, Wade, pugnacious, Mike Roman, Trump, Stephen Gillers, McCaffee, I've, It's, Gillers, Norman Eisen, Trump's, DA Willis, Eisen, Sarah Krissoff, Krissoff, Mark Bederow, wasn't, Bederow, Neama, Cash, Rahmani, Pool Willis, I'm Organizations: Service, Business, Trump, Fulton, New York University, YouTube, Willis Locations: ATLANTA , Georgia, Fulton County, Georgia, Atlanta, New York, Manhattan, California

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