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☆ Big landlords are barreling towards a 'reckoning.' But smaller ones are doing just fine.
▼ + stars: | 2023-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Some big landlords are starting to feel the squeeze of stalled rents and increased operating expenses. The main difference between 'big' and 'small' landlords: the financingA key difference between smaller, mom-and-pop landlords and larger landlords is how they're financing deals. While small landlords are typically purchasing single-family homes or multi-family properties like duplexes and triplexes, which you can finance with residential debt, big landlords are buying apartment buildings and have to use commercial debt. With a residential loan, you can typically get a fixed interest rate, which will not change over the lifetime of the loan. "One of the reasons I invest in four units or less is you get 30-year fixed rate debt," he said.

☆ Fed Rate Increases Hit Small Businesses the Hardest
▼ + stars: | 2023-05-22 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

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☆ Leonardo DiCaprio and Martin Scorsese’s ‘Killers of The Flower Moon’ gets raucous applause at Cannes premiere
▼ + stars: | 2023-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Longtime collaborators Leonardo DiCaprio, Robert De Niro and Martin Scorsese continue to create magic at the movies. Their latest project, true-crime drama “Killers of The Flower Moon” starring DiCaprio and De Niro, premiered at the swanky Cannes Film Festival on Saturday and the post-screening reception was instantly impressive with a minuteslong standing ovation. A video posted to the Cannes Film Festival’s YouTube channel shows the audience inside the Grande Theatre Lumiere exuberantly applauding the movie for at least seven minutes, with more applause coming after director Scorsese thanked the audience. (From left) Robert De Niro and Leonardo DiCaprio in Martin Scorese's 'Killers of the Flower Moon.' The cheers and applause grew louder for DiCaprio, De Niro and Lily Gladstone, who were all in attendance at the premiere.

☆ Fifth body found in burnt out NZ hostel, man appears in court on arson charges
▼ + stars: | 2023-05-19 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, May 19 (Reuters) - A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. “Until we have fully examined all parts of the building we remain reluctant to confirm the specific number of deceased,” Bennett said at press conference on Friday. A 48-year-old man, who has his name suppressed until at least his next court appearance, appeared in Wellington District Court briefly on Friday afternoon. He appeared agitated in the docks, wearing a black hooded sweatshirt over his head and dancing and making hand gestures to the media. “The scene examination will continue over the weekend and we hope to recover the fifth person as quickly as we can,” Bennett said.

☆ New Zealand police to start removing bodies after hostel fire
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

[1/2] The exterior of a hostel, after a fire ripped through the building, resulting in a number of deaths, in Wellington, New Zealand May, 16, 2023. AAP Image/Ben McKay via REUTERSWELLINGTON, May 18 (Reuters) - New Zealand police expect to start removing bodies from the hostel in Wellington where at least six people died in a fire earlier this week, authorities said on Thursday. Police have said they suspect the fire was arson and have opened a homicide inquiry. "The scene examination is expected to take several days," Bennett said, adding that police did not know how many people died in the fire. Reporting by Lucy Craymer; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Don’t Swing at the Yield Curve
▼ + stars: | 2023-05-17 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

The inverted Treasury yield curve is hitting extreme new levels. But paradoxically, it may be suggesting that investors are both more worried about a recession and less worried. WSJ’s Dion Rabouin explains. Illustration: David FangWhen the Federal Reserve pushes shorter-term interest rates above long-term Treasury yields, it has typically been a sign that the central bank has tightened to the point that a downturn beckons. Confidence in the predictive power of such yield curve inversions is a big part of why many investors believe the economy is now destined for a recession.

☆ Retail Sales to Show Americans’ Appetite to Spend in April
▼ + stars: | 2023-05-16 | by ( Gwynn Guilford | Sarah Nassauer | ) www.wsj.com time to read: 1 min

This week’s U.S. retail-sales data will provide the latest update on inflation and the economy. New data on existing home sales, the housing-market index and housing starts will also be released. Photo: Saul Loeb/Agence France-Presse/Getty ImagesApril’s retail-sales report will show consumers’ willingness to spend at stores and restaurants and online as easing inflation returns some spending power to shoppers. Consumers cut retail spending for the second straight month in March, pulling back on purchases of furniture, appliances and gasoline. But a solid labor market last month kept wage growth elevated while inflation cooled to its slowest pace in two years—which could in turn help boost consumer spending, the primary driver of economic growth.

☆ Stocks Close Higher With Debt-Ceiling Talks in Focus
▼ + stars: | 2023-05-16 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

This week’s U.S. retail-sales data will provide the latest update on inflation and the economy. New data on existing home sales, the housing market index and housing starts will also be released. Photo: Saul Loeb/Agence France-Presse/Getty ImagesU.S. stocks edged higher Monday as investors monitored debt-ceiling negotiations, coming off two consecutive losing weeks for the S&P 500. The Dow Jones Industrial Average ticked up 0.1%, or nearly 50 points. The tech-heavy Nasdaq Composite rose 0.7%.

☆ New Zealand police to begin probe into suspicious hostel fire
▼ + stars: | 2023-05-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Fire and emergency crews work at the scene of a fire at the Loafers Lodge, in Wellington, New Zealand May 16, 2023. REUTERS/Lucy CraymerWELLINGTON, May 17 (Reuters) - New Zealand police said they would begin on Wednesday a thorough investigation of a burned-out hostel in the capital, Wellington, where at least six people died and up to 11 were unaccounted for, and confirmed they were treating the fire as suspicious. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown in the early hours of Tuesday, causing major structural damage that is hampering recovery efforts. The hostel provided accommodation for construction workers, hospital staff and those serving sentences in the community for minor crimes, among other people. Earlier on Wednesday, Fire and Emergency New Zealand (FENZ) deemed it safe for police to enter the building.

☆ What the April U.S. Retail Sales Report Means for Inflation
▼ + stars: | 2023-05-16 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E67What the April CPI Report Says About Inflation and the Future Inflation is still much higher than the Fed’s target and economists are warning it may be stickier than markets are expecting. WSJ's Dion Rabouin breaks down what the April CPI showed and what matters for markets and the economy. Photo: Andrew Harrer/Bloomberg News

☆ Cannes director open to letting green activists onto red carpet
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

CANNES, May 15 (Reuters) - Cannes Film Festival director Thierry Fremaux said on Monday he was open to letting climate demonstrators onto the red carpet, as the showbiz extravaganza prepared to launch amid bursts of activism on both sides of the Atlantic. But the confluence of at least three major protest movements has put unusual pressure on the organisers. "It's not impossible that we will welcome them at the top of the steps to express themselves," he added. It was too early to tell what effect the writer's strike would have on the festival, he said, but the right to strike had to be respected. Reporting by Miranda Murray and Mindy Burrows; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Retail Sales, Housing Data and Q1 Earnings Reports: 3 Things to Watch
▼ + stars: | 2023-05-15 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

☆ Swedish singer Loreen wins Eurovision Song Contest for 2nd time at event feting Ukraine
▼ + stars: | 2023-05-14 | by ( ) www.cnbc.com time to read: +6 min

Swedish singer Loreen won the Eurovision Song Contest on Saturday night with her power ballad "Tattoo," at a colorful, eclectic music competition clouded for a second year running by the war in Ukraine. Loreen, 39, previously won Eurovision in 2012 and is only the second performer to take the prize twice, after Ireland's Johnny Logan in the 1980s. Under the slogan "united by music," Eurovision final fused the soul of the English port city that birthed The Beatles with the spirit of war-battered Ukraine. Now in its 67th year, Eurovision bills itself as the world's biggest music contest — an Olympiad of party-friendly pop. "Now, the music industry, the world, knows that if you appear at Eurovision, you could be in for a great thing," said Steve Holden, host of the official Eurovision Song Contest podcast.

☆ Why the April Inflation Report Reinforces the Fed’s Plans to Pause
▼ + stars: | 2023-05-10 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Inflation is still much higher than the Fed’s target and economists are warning it may be stickier than markets are expecting. WSJ’s Dion Rabouin breaks down what the April CPI showed and what matters for markets and the economy. Photo: Andrew Harrer/Bloomberg NewsFederal Reserve officials were already leaning toward taking a summer vacation from interest rate increases to see if they have done enough to slow the economy and inflation. Wednesday’s inflation report makes that easier because it showed price pressures aren’t worsening and might soon be slowing as muted growth in rental-housing costs feed through to official inflation gauges.

☆ Inflation Eased in April but Remains Stubbornly High
▼ + stars: | 2023-05-10 | by ( Gabriel T. Rubin | ) www.wsj.com time to read: 1 min

Inflation is still much higher than the Fed’s target and economists are warning it may be stickier than markets are expecting. WSJ’s Dion Rabouin breaks down what the April CPI showed and what matters for markets and the economy. Photo: Andrew Harrer/Bloomberg NewsInflation edged slightly lower in April, likely keeping the Federal Reserve on course to pause interest-rate increases at its next meeting. The consumer-price index rose 4.9% in April from a year earlier, the Labor Department said Wednesday, down from March’s 5% increase. The inflation reading has declined from a recent peak of 9.1% in June 2022, but remains historically high.

☆ What the April CPI Report Says About Inflation and the Future
▼ + stars: | 2023-05-10 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E66CPI, the Debt Ceiling and the State of Small Business: What to Watch Markets this week will be closely attuned to the latest inflation reading, with all eyes on CPI. Investors will also need to watch the looming deadline for raising the U.S. government debt ceiling. WSJ's Dion Rabouin explains. Photo: Andrew Kelly/Reuters

☆ CPI, the Debt Ceiling and the State of Small Business: What to Watch
▼ + stars: | 2023-05-08 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E65How the April Jobs Report Could Change Inflation and Recession Fears The April jobs report provides the latest update on the health of U.S. consumers and how companies are responding to higher borrowing costs. It’s also got key data about the pace of inflation. WSJ's Dion Rabouin explains. PHOTO: Bryan Tarnowski/Bloomberg News

☆ Strong Labor Market Data Sparks Bond Selloff
▼ + stars: | 2023-05-05 | by ( Eric Wallerstein | ) www.wsj.com time to read: 1 min

The April jobs report provides an update on the health of U.S. consumers and how companies are responding to higher borrowing costs. PHOTO: Bryan Tarnowski/Bloomberg NewsA midweek bond rally fueled by worries over the economy and banking system was cut short on Friday when the labor market again proved surprisingly resilient. Yields on U.S. Treasurys climbed after jobs data showed hiring remains strong and wages continue to rise, sparking a selloff in the Treasury market. The two-year yield surged to a recent 3.926% from 3.727% on Thursday, according to Tradeweb . The yield on the 10-year note was recently at 3.454%, up from 3.350% on Thursday.

☆ How the April Jobs Report Could Change Inflation and Recession Fears
▼ + stars: | 2023-05-05 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E63First Republic’s Failure and What to Watch This Week What’s next as First Republic Bank is sold to JPMorgan? Also, the Fed meets two days before the latest U.S. nonfarm payrolls report and right in the middle of a slew of earnings reports. WSJ's Dion Rabouin explains. Photo: Brendan McDermid/Reuters

☆ Adidas still doesn't know what to do with its $1.3 billion mountain of unsold Yeezy stock, 6 months after cutting ties with Kanye West
▼ + stars: | 2023-05-05 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

Adidas doesn't know what to do with its mountain of Yeezy stock. The company cut ties with Ye, formerly known as Kanye West, in October after a string of controversies, including numerous antisemitic comments. Adidas said it has already factored a 1.2 billion euro ($1.3 billion), sales loss into its annual guidance if it were not to sell the stock. "You cannot sell Yeezy for reputational risk reasons. Experts say that way around this could be to deface these products before donation to curb their resale value, though it would cost Adidas more.

☆ Toronto-Dominion Bank, First Horizon Call Off Merger
▼ + stars: | 2023-05-04 | by ( Vipal Monga | Adriano Marchese | ) www.wsj.com time to read: 1 min

The collapse of Silicon Valley Bank sent shock waves through Wall Street and Main Street. WSJ’s Dion Rabouin explains what this means for investors and everyday Americans. Illustration: Preston JesseeToronto-Dominion Bank and Tennessee-based First Horizon have called off their $13.4 billion merger. TD ran into hurdles getting regulators to sign off on the deal, announced in February 2022. The Canadian lender said it couldn’t be sure when or if it would get the necessary approvals, so the two banks decided to terminate the deal.

☆ Iran Seizes Second Oil Tanker in a Week
▼ + stars: | 2023-05-03 | by ( Dion Nissenbaum | Costas Paris | ) www.wsj.com time to read: 1 min

Iranian naval boats swarmed the Niovi after it left Dubai early Wednesday morning. Photo: HANDOUT FROM U.S.NAVAL FORCES CENTRAL COMMAND/VIA REUTERSIranian forces seized a Panama-flagged oil tanker on Wednesday in the Strait of Hormuz, the U.S. Navy said, marking the second time in less than a week that Iran has captured a commercial ship in the region. A dozen small Iranian naval boats swarmed the 360-yard-long Niovi after it left Dubai en route to the United Arab Emirates port of Fujairah early Wednesday morning, the navy said. The Iranian boats forced the Niovi to reverse course and head toward Iran’s coast.

☆ Iran Seizes Second Oil Tanker in Gulf Waters in a Week, U.S. Navy Says
▼ + stars: | 2023-05-03 | by ( Dion Nissenbaum | ) www.wsj.com time to read: 1 min

Iranian forces seized a Panama-flagged oil tanker on Wednesday in the Strait of Hormuz, the U.S. Navy said, marking the second time in less than a week that Iran has captured a commercial ship in the region. A dozen small Iranian naval boats swarmed the 360-yard-long Niovi after it left Dubai en route to the United Arab Emirates port of Fujairah early Wednesday morning, the navy said. The Iranian boats forced the Niovi to reverse course and head toward Iran’s coast.

So there was extra attention around this year’s “Mr Irrelevant” – Desjuan Johnson, a defensive lineman out of the University of Toledo drafted by the Los Angeles Rams as the 259th and final pick. “Just be getting picked, final pick, first pick, middle pick, everything [is] unique,” Johnson said, according to ESPN. “My dad was on my mind today,” said Johnson, who was just four years old when his father died, according to his university website. “Just to learn from him, from watching film and now get to sit next to him and just take notes, I’m going to just be like a newborn,” he said. “I feel like I’m going to be like a newborn, trying to take as much in [and trying] to learn under him.”

☆ Return on I Bonds Drops to 4.3%, but They May Now Be a Better Long-Term Investment
▼ + stars: | 2023-04-28 | by ( Imani Moise | ) www.wsj.com time to read: 1 min

There’s an investment that’s 100% backed by the U.S. government, never loses its value and is paying more than 7% interest a year. So, why haven’t most Americans heard of Series I Savings Bonds? Photo: TNS/Zuma PressThe interest rate on I bonds is 4.3%, down from 6.89%, the Treasury Department said Friday. This rate will apply to I bonds purchased now and for the next six months. Preview SubscribeThough the new rate is less than half the 9.62% offered last year, when the inflation-adjusted savings became so popular investors crashed Treasury’s website, financial advisers say they may now be a better bet for the long term.

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