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CNN —Since September 1, the Ukrainian capital Kyiv has been spared from Russian drone attacks on just one night – October 14. On Saturday night, Ukrainian air defenses detected a record 145 incoming Shahed drones. “We have been doing this for over two years,” he said, but the intensity of drone attacks had peaked over the past two to three months. The drone attacks seem calculated to instil fear rather than cause mass casualties, but several people have been killed in recent weeks. Russian forces already occupy almost all of Luhansk and substantial parts of Donetsk, Zaporizhzhia and Kherson – altogether some 20% of Ukraine.

Persons: Viktoria Kovalchuk, Teo, ” Kovalchuk, Victoria Kovalchuk, Kovalchuk, Maksym, ”, Bridges, Konstantin Usov, don’t, Usov, Yuriy Chumak, Chumak, “, Mariya Troyanivska, Oleksander Syrskyi, Genya Savilov, Konrad Muzyka, Muzyka, Syrskyi, ” Muzyka, Lloyd Austin, Stringer, Reuters Rym, Montaz, Richard Haass, ” Haas, Andrii Sybiha, Donald Trump’s, Trump, JD Vance, Volodymyr Zelensky, hasn’t Organizations: CNN, Ukraine’s, Kyiv International Institute of Sociology, 43 Artillery Brigade, Getty, Rochan Consulting, US, Reuters, Carnegie Endowment, International, Kyiv, Russian, Foreign Affairs, Kherson –, NATO Locations: Ukrainian, Kyiv, Ukraine, Europe, Kharkiv, Zaporizhzhia, Russian, Donetsk, Dnipro, Pokrovsk, AFP, Kursk, Russia, Toretsk, Washington, Luhansk, Kherson, “, Moscow

☆ Insider Today: America's billionaire hub
▼ + stars: | 2024-10-19 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +6 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. European manufacturers are trying to claw back some of the market share of electric vehicles from their Chinese competitors. AdvertisementMore of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Siri, James Bond, Tom Carter, Ram, Fiat —, Leapmotor, Carlos Tavares, Joey Hadden, Jackson, It's, BI's Joey Hadden, Taylor, Chelsea Jia Feng, Taylor Swift, Swift, she'll, Konrad Krajewski, Uber, Priyanka Rajput, Troy Aikman, Anna Kendrick, Jason Segel, Harrison Ford, Peacock, Elisabeth Finch, Rebecca Zisser, We've, grout, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, Getty, BYD's, Paris, European Union, Jeep, Fiat, Economic Policy Institute, Target, BI, NFL, Apple, Netflix Locations: London, China, Jackson Hole , Wyoming, York City, Manhattan, LaGuardia, ozina, caked, Patagonia, New York City, New York, Chicago

☆ The soft-landing outcome remains intact, says State Street’s Michael Arone
▼ + stars: | 2024-10-11 | 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 EmailThe soft-landing outcome remains intact, says State Street’s Michael AroneCNBC’s Mike Santoli, State Street’s Michael Arone and KBW’s David Konrad, joins 'Power Lunch' to discuss the economy, banks and earnings.

Persons: Michael Arone, Mike Santoli, David Konrad

☆ Watch CNBC’s full interview with State Street’s Michael Arone and KBW’s David Konrad
▼ + stars: | 2024-10-11 | 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 EmailWatch CNBC’s full interview with State Street’s Michael Arone and KBW’s David KonradCNBC’s Mike Santoli, State Street’s Michael Arone and KBW’s David Konrad, join 'Power Lunch' to discuss the economy, banks and earnings.

Persons: Michael Arone, David Konrad CNBC’s Mike Santoli, David Konrad Organizations: State

☆ Gen Z's New Side Hustle: Getting Rich As Airbnb Super Hosts
▼ + stars: | 2024-10-02 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

Arbitrage hosts like Anderson take to TikTok, YouTube, and Instagram to offer advice and promote paid courses on how to start and build your own short-term-rental empire. A 25-year-old TikToker with the handle @airbbnbmastery101 titled one video "How to quit your job in 2024 and get rich." There's no way to know for sure how popular Airbnb arbitrage is. Related storiesBut Airbnb arbitrage, in theory, isn't illegal; it depends on local laws governing how short-term-rental properties are licensed. DeRose says that he regrets working in short-term-rental arbitrage and that "it's very clearly hurting" the housing market.

Persons: Hailie Anderson, factly, Anderson, —, Donald Trump, Dave Ramsey, Trump, Inayah McMillan, — tycoons, TikTok, she's, Airbnb, Jamie Lane, Alfred, They're, there's, Lane, Konrad Bicher, Wolf, Bicher, Tom DeRose, It's, it's Organizations: YouTube, HGTV, Target Locations: Austin, Salt Lake City, Nashville, Florida, New York, Cities, Barcelona, Europe, Asia

☆ 2 former bankers turned their experience into HBO's most underrated show. Now it's finally getting the attention it deserves.
▼ + stars: | 2024-08-09 | by ( Samantha Rollins | ) www.businessinsider.com time to read: +8 min

After 2 seasons under the radar, 'Industry' is poised for its breakout seasonHarper (Myha'la) has a new role in season three of "Industry." With the "Summer of the Finance Bro" in full swing, could this be the season "Industry" finally cuts through the noise? AdvertisementWorking in finance didn't prepare the 'Industry' cocreators for running a TV setMickey Down and Konrad Kay on the set of "Industry" season three. But they were delighted to hear from some cast and crew members who told them how much they enjoyed working on season three. "I really credit finance with pushing me towards it, because it's the polar opposite of finance in some respects," Down says.

Persons: —, Mickey Down, I'm, Harper, Simon Ridgway, Konrad Kay, thrums, Bro, Kay, didn't, Jami O'Brien, They're, Yasmin, Marisa Abela, inflicts, Indy Lewis, Kenny, Conor MacNeill, Henry Muck, Kit Harington, intertwines, HBO Rich, you'd, who's, Jamie O'Brien Organizations: Service, Business, HBO, Rotten, Venetia Locations: London

☆ Taiwan stole America’s chip industry according to Trump. But that’s not true
▼ + stars: | 2024-07-23 | by ( Wayne Chang | ) edition.cnn.com time to read: +7 min

Industry experts tell CNN that, far from stealing, Taiwan grew its own semiconductor industry organically through a combination of foresight, hard work and investment. The only possible strength that Taiwan had, and even that was a potential one, not an obvious one, was semiconductor manufacturing,” he said. Billionaire Morris Chang, chairman and founder of Taiwan Semiconductor Manufacturing Company, in Hsinchu, Taiwan, on October 6, 2017. It now produces more than 90% of the world’s advanced chips, according to the Semiconductor Industry Association. “Taiwan has very good tech talent and an environment for research, development and investment.

Persons: Donald Trump, Morris Chang, Chang, “, ”, Billionaire Morris Chang, Wang, Christopher Miller, Miller, TSMC, ” Konrad Young, ” Young, Cho Jung, ” Cho, Trump, Trump’s, Joe Biden, Young Organizations: Taiwan CNN — Former, Bloomberg Businessweek, Republican, Industry, CNN, Taiwan Semiconductor Manufacturing, Intel, Motorola, Texas, Computer, Taiwan Semiconductor Manufacturing Company, Bloomberg, Getty, Semiconductor Industry Association, Technology, Samsung Electronics, US, Trump Locations: Taipei, Taiwan, United States, Mountain View , California, Hsinchu, Washington, “ Taiwan, China, ”, South Korea, Arizona

☆ The West finally allowed Ukraine to strike back at Russia — and it seems to be working
▼ + stars: | 2024-07-14 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +10 min

The newly granted permission by the United States and other allies to use Western weapons to strike inside Russia has had a huge impact, Bankir said. While Kyiv hasn’t managed to reclaim large swathes of territory, it has successfully averted what could have been a disaster: The occupation of Kharkiv, Ukraine’s second city. “(Russia) knew that Ukraine did not have the capacity to strike these targets on the Russian territory,” Melnyk said. While Ukraine was previously able to strike targets inside Russia using Ukraine-made drones, ATACMS make these strikes far more efficient. However, Ukraine can still use the F-16 to deny Russia control over the skies – and push away Russian aircraft delivering bombs.

Persons: CNN — Bankir, Bankir, “, ” Ivan, Kyiv hasn’t, Valentyn Ogirenko, Oleksiy Melnyk, ”, ” Melnyk, wasn’t, Melnyk, Konrad Muzyka, Rochan, –, Muzyka, it’s, ” Muzyka, Ukraine’s, Volodymyr Zelensky, Donald Trump, Maria Kostenko, Daria Tarasova, Markina Organizations: CNN, Ukraine’s Security, Artillery, 148th, Kyiv, 148th Separate Artillery Brigade, Ukrainian Air Assault Forces, United Nations, Human Rights, Razumkov, Rochan Consulting, People, Reuters, US, NATO Locations: United States, Russia, Russian, Kyiv, Kharkiv, Ukraine’s, Donetsk region, Ukraine, Izium, Balakliia, Moscow, Kharkiv –, Ukrainian, “, Belgorod, Voronezh, Krasnodar, Bryansk, Crimea, Washington , DC, –

☆ Big banks under pressure: Here's what you need to know
▼ + stars: | 2024-07-12 | 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 EmailBig banks under pressure: Here's what you need to knowDavid Konrad, KBW managing director, joins 'Power Lunch' to discuss his takeaways from big bank earnings.

Persons: David Konrad, KBW

The relatively small town of Chasiv Yar has played an outsized role in the conflict and has been battered by months of intense fighting. The Russian Defense Ministry said on Thursday that its troops have taken over the easternmost district of Chasiv Yar. Medics prepare for transportation of a wounded Ukrainian serviceman inside a medical stabilization point near Chasiv Yar on July 1, 2024. Vadym Filashkin, the head of Donetsk regional military administration, said in May that some 679 civilians were still in Chasiv Yar, refusing to evacuate their homes. If Chasiv Yar was to fall to Russian hands, it could put bigger cities to the west at risk.

Persons: Chasiv Yar, Nazar Voloshyn, Ukraine’s, DeepState, Alina Smutko, Vadym Filashkin, ” Konrad Muzyka, Vladimir Putin, “ Chasiv Yar, ” Muzyka, Yar Organizations: CNN, Russian Defense Ministry, television, Kharkiv, “ Locations: Ukraine, Chasiv, Donetsk, Kramatorsk, Dnipropetrovsk, Chasiv Yar, Ukrainian, Kyiv, Moscow, ”, Russian, Russia

"The stock price has lagged but we don't see any other catalysts medium term, hence we are moving to the sidelines." Micron shares were down 5% in the premarket. The analyst reiterated a buy rating on Micron stock with a $175 per share price target, implying nearly 23% upside from Wednesday's $142.36 close. He raised his price target to $158 per share price from $138, calling for 11% upside. Arya maintained a buy rating on Micron stock with a $170 per share price target, or about 19% upside moving forward.

Persons: Vivek Juneja, — Brian Evans, TD Cowen, Cowen, John Blackledge, Keefe, David Konrad, Brian Evans, Christopher Danely, Goldman Sachs, Toshiya Hari, Hari, Vivek Arya, Arya, Caio Ribeiro, Ribeiro, Fred Imbert Organizations: CNBC, Micron Technology, Bank of America, Petrobras, JPMorgan downgrades U.S, Bancorp, JPMorgan, U.S . Bancorp, New York Mellon, Bank of New, Bank of New York Mellon, BK, Mellon, Micron, MU, Citi Locations: Brazil, U.S, Bank of New York, CY2025

Analyst Brian Essex upgraded Zscaler to overweight from neutral and raised his price target to $230 per share from $205. The bank upgraded the software stock to overweight from neutral on Friday, and raised its price target to $580 per share from $570. Champine reiterated a buy rating on the wholesaler and raised its price target to $940 per share from $890. The analyst upgraded shares of BofA to outperform from market perform and raised his price target to $46 per share from $37. He has an overweight rating and a price target of $52, implying upside of 20% over the next 12 months.

Persons: KBW, Piper Sandler, Pinterest, Brian Essex, Essex, — Brian Evans, Mark Murphy, Laura Champine, Champine, Keefe, David Konrad, Konrad, Brian Evans, Thomas Champion, Fred Imbert Organizations: CNBC, of America, JPMorgan, Security, Zero Trust Network Security, Adobe, Wall, Costco, Bank of America, Bank, America Locations: U.S, Los Angeles

☆ Edmundo Gonzalez Urrutia: Meet the quiet, bird-loving grandfather taking on strongman Maduro in Venezuela’s election
▼ + stars: | 2024-06-08 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +10 min

But most analysts agree Gonzalez represents the best chance that Venezuela’s political opposition has had to dislodge Maduro from power since 2013. But amnesty for outgoing officials could be on the table, Gonzalez told CNN en Español. “Edmundo is a public servant, he knows there cannot be any revenge [against the government],” Eickhoff told CNN. Edmundo Gonzalez Urrutia, Venezuela's new opposition candidate, feeds birds at his home in Caracas on Wednesday, April 24. “It’s time for the big Venezuelan family to come together once more,” he told CNN en Español.

Persons: Hugo Chavez, Nicolas Maduro, Edmundo Gonzalez Urrutia, Gonzalez, – Maria Corina Machado, Corina Yoris –, “, ”, Maduro, Leonardo Fernandez Viloria, Reuters Gonzalez, he’s, CNN En, Juan Guaido, ” Gonzalez, ” Gonzalez’s, Mariana, –, Jesus Vargas, won’t, Sadio Garavini, Tullio, Chavez, “ Edmundo, he’ll, ” Garavini, George Eickhoff, Konrad Adenauer, ” Eickhoff, Machado, Edmundo, Gaby Oraa, Venezuela's, Gonzalez’s Organizations: CNN, Democratic, Maduro, European Union, Reuters, “, Wednesday, Bloomberg, Getty, Real Madrid football Locations: Venezuela, Venezuela’s, Venezuelan, Algeria, Argentina, United States, Barbados, Washington, Caracas, Hague, German, Spain

☆ Facing an Endless Barrage, Ukraine’s Air Defenses Are Withering
▼ + stars: | 2024-05-13 | by ( Josh Holder | Constant Méheut | ) www.nytimes.com time to read: +13 min

Facing an Endless Barrage, Ukraine’s Air Defenses Are WitheringThis is what a year of Russian missile strikes on Ukraine looks like. Ukrainian air defenses used to intercept most missiles, but in recent months, more and more have made it through. Ukraine has made increasingly desperate pleas for more air defenses from its Western allies. But it could be months before enough weapons arrive to significantly bolster Ukrainian air defenses. Ukrainian air defenses downed the first seven — but had no choice but to let the next four pass, he said.

Persons: Jan, Volodymyr Zelensky, “, ”, Tom Karako, Maj, Ilya Yevlash, Konrad Muzyka, Odesa, Yevlash, Justin Bronk, Mr, Bronk, Barber Organizations: Russian, New York Times, Ukrainian Air Force, Patriot, United, Kremlin, PBS, Missile Defense, Center for Strategic, International Studies, Ukrainian Air, Patriots, Rochan Consulting, Kyiv Kharkiv Dnipro Odesa, Kyiv Kharkiv Dnipro Odesa Kyiv, Kyiv Kharkiv Dnipro Kyiv, Royal United Services Institute Locations: Russian, Ukraine, Russia, United States, Kyiv, Ukrainian, Washington, Poland, Dnipro, Zaporizhzhia, Kharkiv, Odesa, Dnipropetrovsk, Texas, London

Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.

Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, —, Walter Sisulu, Joao Silva, New York Times Jack Martins, ”, Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, “, Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s

☆ Pilot proposes to flight attendant girlfriend in front of passengers
▼ + stars: | 2024-04-24 | by ( Jack Guy | ) edition.cnn.com time to read: +1 min

CNN —A Polish pilot proposed to his flight attendant girlfriend during a flight from Warsaw to Krakow, and she said yes. “On today’s flight there is a very special person and I hope that she doesn’t expect anything,” he said. The soon-to-be Mrs Hanc, Paula, can then be seen running down the aisle of the plane to hug her future husband. “I don’t know if this is the right hand for this,” she said as he slipped the ring onto her finger in front of delighted passengers. It all started when Zahn was a flight attendant and Duncan was a pilot on a Pan American World Airways flight from Rome to Tehran in 1970 and lasted until Duncan’s death in 2021 at the age of 86.

Persons: Konrad Hanc, ”, Captain Hanc, ” Hanc, Hanc, Paula, “, Sławek Justyniarski, Monica Zielinski, Ilona Zahn, Ian Duncan’s, Zahn, Duncan Organizations: CNN, Polish Airlines, Polish, Facebook, Pan, Pan American World Airways Locations: Warsaw, Krakow, Pan American, Rome, Tehran

☆ The city whose 'doom loop' just might be worse than San Francisco's
▼ + stars: | 2024-04-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

An office building in St. Louis sold for $3.6 million after selling for $205 million 18 years prior. Downtown St. Louis is filled with unoccupied buildings and an unwillingness to visit them. The steep drop in the tower's value is just one sign that St. Louis' central business district is struggling, reports say. Indeed, St. Louis' downtown resembles a ghost town with a number of boarded-up buildings, according to The Wall Street Journal's Konrad Putzier. AdvertisementThe problem with Midwestern cities, like St. Louis, is that there's not much attracting people to the center of the city — and that applies to commuters, tourists, and residents.

Persons: Louis, —, Konrad Putzier, Glenn MacDonald, Business Insider's Eliza Relman, Michael Hicks, BI's Relman, Relman, Tracy Hadden Loh Organizations: Service, T, Goldman Group, News, Washington University, Olin Business School, Business, University of Toronto, Midwest ., Ball State University, Midwest, Brookings Institution Locations: St, Downtown St, Francisco's, North America, Midwest, Midwest . San Francisco, Indiana, —, San Francisco and New York

The EV maker got a price target cut from Citi, citing concern round the company's upcoming delivery numbers. Jonas has an overweight rating and $320 price target on shares, which suggests more than 85% upside potential for the shares. — Hakyung Kim 5:31 a.m.: Citi cuts Tesla price target Citi thinks there's not much upside potential for Tesla ahead of the release of its Q1 production and delivery numbers. As a result, the firm lowered its price target on shares to $196 from $224. He did, however, raise his price target to $62 from $56, with the new forecast calling for 9% upside.

Persons: Tesla, Wells Fargo, Morgan Stanley Morgan Stanley's Adam Jonas, Jonas, — Hakyung Kim, there's, Itay Michaeli, Michaeli, Hakyung Kim, David Konrad, Konrad, Fred Imbert Organizations: CNBC, Citi, KBW, EV Locations: Nevada, U.S, Tuesday's, Wells Fargo Wells Fargo, 1H25

☆ Russia is making the use of its glide bombs a priority, and it's causing devastation on the front lines
▼ + stars: | 2024-03-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russia is intensifying glide bomb attacks on Ukrainian defenses. Oleh Synyehubov, governor of the Kharkiv region, said last week that Russia was using glide bombs in attacks on that part of the front line. They said, according to the ISW, that Russia is seeking to mass produce the FAB-1500-M54 guided glide bomb and increase its use on the front line. Konrad Muzyka, director of the Poland-based Rochan defense consultancy, told The Washington Post that Russia was launching up to 100 glide bomb attacks a day. AdvertisementUkraine also has a glide bomb in its arsenal, the US-made JDAM, but reports say that Russian electronic warfare units have been able to intercept the bombs.

Persons: —, Oleh Synyehubov, Synyehubov, Dmytro Lykhovyi, Konrad Muzyka, Muzyka Organizations: Service, FAB, Group of Forces, CNN, Washington Post, New York Times Locations: Russia, Soviet, Russian, Kharkiv, Donetsk, Ukraine, Krasnohorivka, Poland

☆ Bayern Munich vs Union Berlin: Soccer head coach sent off after twice pushing opposition player in the face
▼ + stars: | 2024-01-25 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Union Berlin’s head coach Nenad Bjelica was sent off for twice pushing Bayern Munich forward Leroy Sané in the face during a feisty Bundesliga encounter on Wednesday. As players and coaching staff rushed in to separate the pair, Bjelica again put his hand in Sané’s face. On the pitch, Bayern Munich was keen to hit back after losing to Werder Bremen last time out. Despite all its first-half dominance, Bayern began to creak as the game wore on and Union Berlin had a number of chances to equalize. The referee waved away the protests from Union Berlin’s players and Bayern managed to hold on for an important win.

Persons: Nenad Bjelica, Leroy Sané, Sané, Bjelica, “, ” Bjelica, Frederik Rønnow, Angelika Warmuth, Harry Kane, Raphaël Guerreiro, Kane, Union Berlin, Kevin Behrens, Konrad Laimer, Leon Goretzka Organizations: CNN — Union Berlin’s, Bayern Munich, Bayern, Werder Bremen, Reuters, Union, Union Berlin’s, ” Bayern, Bundesliga, Bayer Leverkusen

☆ Offices Around America Hit a New Vacancy Record
▼ + stars: | 2024-01-13 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

With housing in short supply, developers are converting more empty offices into apartments. But not all buildings are candidates for reuse. Photo Illustration: Amber BragdonAmerica’s offices are emptier than at any point in at least four decades, reflecting years of overbuilding and shifting work habits that were accelerated by the pandemic. A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in 1986 and 1991 and the highest number since at least 1979, which is as far back as Moody’s data go.

Persons: Amber Bragdon Locations: U.S, wasn’t

☆ Real-Estate Developers Chase Outer Space Business in Florida
▼ + stars: | 2023-12-05 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

Cape Canaveral in Florida. Photo: Miguel RodrÃGuez/Zuma PressHines is developing a sprawling industrial park near Florida’s Cape Canaveral, aiming to cash in on the booming aerospace industry. The giant Texas real-estate firm is betting that companies such as Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX and their suppliers will pay high rents for warehouses and manufacturing space close to launch sites that can store rockets, space shuttles, satellites and any parts used to build and maintain them.

Persons: Miguel RodrÃGuez, Zuma Press Hines, Jeff Bezos Organizations: Zuma Press, Origin, Elon, SpaceX Locations: Cape Canaveral in Florida, Florida’s Cape Canaveral, Texas

☆ Israeli grandfather's anxiety peaks as Gaza hostage release looms
▼ + stars: | 2023-11-22 | by ( Janis Laizans | ) www.reuters.com time to read: +3 min

Hamas has said that dozens of the around 240 hostages have been killed during Israel's Gaza counter-offensive. Some of the hostages are held by Palestinian groups other than Hamas, though it governs Gaza. But I think - and it's a very tough decision - but I think the children and women must be (first). The 50 recovered hostages would represent around half of women and children held. As part of the hostage deal, Israel agreed to allow more humanitarian aid, and some fuel, into the besieged Gaza Strip.

Persons: Avihai Brodutch, Gilad Korngold, Konrad, Korngold's, Tal, Adi, Nave, Yahel, Shoshan, Sharon, Noam, Korngold, Dan Williams, Alexandra Hudson Organizations: Hamas, Academy of, Palestinian, Alexandra Hudson Our, Thomson Locations: Palestinian, Israel, Gaza

☆ Office Landlords Can’t Get a Loan Anymore
▼ + stars: | 2023-11-20 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

The office sector’s credit crunch is intensifying. By one measure, it’s now worse than during the 2008-09 global financial crisis. Only one out of every three securitized office mortgages that expired during the first nine months of 2023 was paid off by the end of September, according to Moody’s Analytics.

☆ The Clearest Sign Yet That Commercial Real Estate Is in Trouble
▼ + stars: | 2023-11-13 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening. Lenders this year have issued a record number of foreclosure notices for high-risk property loans, according to a Wall Street Journal analysis. Many of these loans are similar to second mortgages and commonly known as mezzanine loans.

Organizations: Wall

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