Unica asking $100 million Hilton & Hyland The impact of Covid-19 has seemingly set in motion a sudden trend of discounts at the very top of the country’s most expensive real estate markets. Most notably, billionaire Travis Kalanick, former Uber UBER CEO, purchased Los Angeles’ Bellagio Estate for $43.3 million, after it sat on the
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A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications to purchase a home rose
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The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners  said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling, he said, of “walking into the
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Seton Hall University plans to sell $103 million of bonds as it grapples with near-term fiscal challenges that triggered a rating downgrade. Moody’s Investors Service lowered the South Orange, New Jersey-based school to Baa1 from A3 Wednesday, citing the school’s constrained financial flexibility because of a rising debt burden. The outlook is stable. The Catholic
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Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC An index of cloud stocks developed by venture-capital firm Bessemer Venture Partners reached new highs this week as  U.S. indexes still recover from the selloff that began in February.  The BVP Nasdaq Emerging Cloud Index, established in 2013, is up about 31% for the year, while the S&P
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The municipal market saw yields fall by five to six basis points across the curve and strong secondary high-grade trades showed it. Municipals are poised to gain well over 2.5% for the month and return to positive territory for the year after being pummeled at the start of the coronavirus-led sell-off in March. According to
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Sheraton Grand Sacramento Hotel Source: Sheraton Grand Sacramento Hotel A small firm is looking to make a change at a real estate investment trust, an area typically tough for activism. Company: CIM Commercial Trust Corp. (CMCT) Business: Real estate investment trust that primarily acquires, owns, and operate Class A and office assets in the United States. Stock market
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The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images Stocks are likely to hang on every medical development and the progress of state reopenings, but there will also be some key economic data in the coming week that should provide a glimpse into the
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