Hints and tips:
...A record $5.76tn now sits in US money market funds, which park buyers’ dollars in safe instruments like short-term government debt, according to data from the Investment Company Institute....
...A version of this article was first published by Nikkei Asia on April 20, 2023. ©2023 Nikkei Inc. All rights reserved....
...He hoped the deal would give him time to repair his credit and eventually qualify for another mortgage....
...Much has been written in recent weeks about the virtues of investment trusts, particularly the outstanding performance of Scottish Mortgage....
...Remember when the “efficient” market in mortgage lending almost destroyed the entire US economy? Apparently O’Leary has a short memory....
...Among ailing properties is the Trump International Hotel at 1 Central Park West, whose $6.5bn mortgage was added to Trepp’s list following a substantial drop in income, adding to the US president’s $1.1bn...
...Amy Poehler and Aziz Ansari, both of Parks and Rec, performed there; Alec Baldwin and Mike Myers would stop by....
...Early last year Bristol-Myers Squibb purchased Celgene for $93bn, while Pfizer snapped up Array BioPharma for $11bn in June....
...Carnival pledged 86 ships to bondholders, kicking off a rush to issue junk debt that has resulted in companies putting up more than 100 cruise ships, more than two dozen theme parks and even the rights to...
...Law firm Proskauer has added James Lee and Jae Woo Park to its M&A practice in New York. They both join from K&L Gates....
...Beneath the capacious vault of the Park Avenue Armory, there is an eerie sense of emptiness here that evokes the invisible abstraction of money itself....
...Simon Toms and George Knighton quit the magic circle firm just days after the collapse of its merger talks with US firm O’Melveny & Myers....
...As we take our table, Goldman Sachs’ former chief executive points to his apartment block across Columbus Circle, the Upper West Side vantage point overlooking Central Park....
...President Donald Trump’s tax reform law, which reduced the amount of mortgage interest buyers could deduct, also had a negative effect on property sales....
...The most obvious impact is on the 800,000 federal employees who are not getting paid, leaving many of them unable to pay their mortgages or meet other obligations....
...The Shanghai-based business park operator has not paid the annual dividends it declared last March....
...We walked past, but did not enter, Central Park....
...Investors will be looking for details on the impact of tougher new mortgage lending rules....
...Writing it “was an emotional reaction to coming home one night and seeing no place to park, and no green space around us. It feels like things are getting worse and worse.”...
...Shakespeare didn’t have to unpick the subprime mortgage crisis or grapple with collateralised debt obligations....
...The DOJ alleges Parmar used proceeds from a Constellation equity offering to refinance the property's mortgage in 2016, which eventually went into foreclosure again anyway, as we covered previously....
...It plans to increase its product range over time to mortgages, wealth products and unsecured loans....
...In the theatre and at the theme park, Disney can bring the magic....
...Dalian Wanda this week agreed to sell theme parks and hotels to Sunac, a mid-tier developer that is already hugely indebted....
...It is not a hot new hedge fund or traditional asset manager on Park Avenue....
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