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☆ Investors may be looking at commercial real estate risk all wrong and missing these opportunities
▼ + stars: | 2024-06-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)

Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I

Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy. That will be up from 7.3% of new car sales in 2022. These figures include both battery electric vehicles and plug-in hybrid EVs. But even as U.S. EV market share grows steadily, hurdles still stand in the way for some car buyers considering electric. Several U.S. states have set target dates by which they expect vehicle sales to be majority zero-emissions.

Persons: EVs, Tesla, Kelley, Alexa St, John Organizations: Atlas Public, EV, American, Ford Motor Co, General Motors, AP Locations: U.S, China, Germany, Norway, California, Washington, New Jersey, Press, ___

Menendez serves as the powerful chairman of the Senate Foreign Relations Committee. And as chairman, he had unique influence over foreign military sales and foreign military financing. The State Department typically seeks the input of the chairperson and top minority senator on the Foreign Relations panel when it comes to foreign military financing and foreign military sales, and the department generally will not go forward if one of the two senators objects. Hana is a friend of Nadine Menendez and the Egyptian-American founder of a business that certifies beef imported into Egypt meets Islamic religious standards. “Congratulations mon amour de la vie, we are the proud owners of a 2019 Mercedes,” Nadine Menendez texted her husband, along with a heart emoji.

Persons: — Democratic U.S . Sen, Bob Menendez, Egypt —, Menendez, ”, Nadine, “, Prosecutors, Nadine Arslania, David Schertler, Wael Hana, Jose Uribe, Fred Daibes, Nadine Menendez, He's, Hana, Uribe, ” Nadine Menendez, Hana's, Salomon Melgen, Melgen, Donald Trump, Chuck Schumer, Sen, Ben Cardin, Schumer, Phil Murphy Organizations: WASHINGTON, — Democratic U.S ., Senate Foreign Relations, U.S, Embassy, The State Department, Foreign Relations, U.S . House, Strategic International Business Consultants LLC, -, New, Daibes, Senate, New Jersey voters, Republican, NEXT, Democratic, While New, While New Jersey Gov Locations: Egypt, New Jersey, Jersey, U.S, Cairo, Union City , New Jersey, Edgewater , New Jersey, Florida, Dominican Republic, Paris, Washington, D, While, While New Jersey

☆ California is considering offering unemployment to workers on strike as the Hollywood writers walkout approaches its 4th month
▼ + stars: | 2023-08-23 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

California is considering a bill that would give striking workers access to unemployment benefits. AdvertisementAdvertisementLegislators are now considering a bill that would make any striking workers in the state eligible for unemployment benefits if their action lasts more than two weeks. AdvertisementAdvertisementAccording to the bill, striking workers would be eligible for payments of up to $450 per week. New York now offers striking workers up to $504 a week, while New Jersey offers up to $830 a week. New Jersey expanded its law in April, decreasing the waiting period for striking workers before benefits kick in from 30 to 14 days.

Persons: Steven Greenhouse, Kate Bronfenbrenner, —, Bronfenbrenner, Robert Moutrie, Moutrie Organizations: Labor, SAG, Service, Guild of America, Cornell University School of Industrial and Labor Relations Labor, New York Times, Century Foundation, New, Cornell University School of Industrial and Labor Relations, California Chamber of Commerce Locations: California, Wall, Silicon, New York, New Jersey, , Connecticut, Massachusetts, COVID

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