Blackstone is buying AirTrunk, the largest operator of data centers in the Asia-Pacific region, for $16.1 billion, the private equity firm’s largest investment ever in the region.
Tag: U.S. economy
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TOP TREND 2023: OFFICE BUILDING BUST
Buildings constructed for life sciences companies—decked out with labs, clean rooms, sensitive ventilation systems, and other custom details—were prime investments as the COVID War raged.
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TOP TREND 2024, BANKS GO BUST: BANKS’ PROFITS RISE BUT SO DO POORLY PERFORMING LOANS
The bank sector’s profits rose 11 percent in this year’s second quarter, compared to the first, the Federal Deposit Insurance Corp. (FDIC) reported. Profits totaled $71.5 billion across the survey’s 4.539 institutions.
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SPOTLIGHT: RETAIL ON THE ROPES
Discount retailer Dollar General saw its share price fall 15 percent early this month after it reduced its 2024 forecast for existing store sales growth.
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INVESTORS SEE HIGHER APARTMENT RENTS AHEAD
Investors are beginning to buy apartment blocks again after spending much of the past year away.
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BANKS HAVE CUT LENDING TO HOMEBUILDERS
Banks have cut lending to homebuilders by 10 percent over the past year.
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FED OFFICIALS MULL HALF-POINT RATE CUT
Now that markets have priced in a 100-percent certainty that the U.S. Federal Reserve will cut its policy interest rates next week, speculators are wondering how large the cut will be.
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U.S. MANUFACTURING CONTINUES TO CONTRACT
In August, the Institute for Supply Management’s purchasing managers index grew to 47.2 from its July reading of 46.8 but remained below 50, indicating the sector is still in contraction.
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NUMBER OF UNFILLED JOBS IS LOWEST SINCE 2021
In July, U.S. employers posted 7.7 million available jobs, down from 7.9 million in June to the lowest number since January 2021, the labor department reported.
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ECONOMY ADDS ONLY 142,000 JOBS IN AUGUST
The U.S. economy sprouted 142,000 new nonfarm jobs last month, missing economists’ consensus estimate of 161,000 in a Dow Jones poll but improving significantly on July’s 89,000.