Author: News Room

InvenTrust Properties (NYSE:IVT) is a relatively small, 63-property shopping center real estate investment trust (“REIT”), but I would argue that it is the highest quality one in its peer group. IVT boasts the highest share of its portfolio located in the Sunbelt, among the highest share of its portfolio being grocery-anchored centers, and the lowest leveraged balance sheet in its retail REIT peer group. IVT May Presentation And though I’m not necessarily complaining about the other retail REITs’ governance practices, I particularly like that IVT separates the roles of CEO and Chairman of the Board. The CEO, DJ Busch, primarily…

Tyson Foods suspended its CFO John R. Tyson after he was arrested Thursday on charges of DWI and careless driving. Tyson, the great grandson of the founder of the meat processing company, was previously arrested in 2022 on charges of public intoxication and criminal trespass. The 34-year-old was booked early Thursday and has since been released, according to the Washington County, Arkansas, Detention Intake Report. His initial hearing is scheduled for Friday. “We are aware that John Randal Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI,” the company said in a statement Thursday. “Tyson Foods…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks little changed: Markets were mixed to lower Thursday following a rally to new record highs Wednesday. Treasury yields dipped after yet another inflation data point — May’s producer price index — that was cooler than expected. But the relationship between falling yields and rising stocks isn’t working to the same degree as previous sessions, although a good 30-year auction at 1 p.m. ET helped the market bounce. However, gains were…

Netflix is trying to get ready for some football.The streaming giant has been reaching out to broadcasters this week in the hopes of finding a partner to produce the NFL games it will air on Christmas Day this year, according to people familiar with the matter. Netflix will show two games on Christmas Day this year, followed by at least one matchup in both 2025 and 2026, the company announced last month.This is Netflix’s first real foray into traditional live sports, driven by the company’s ambitions to grow its advertising tier. The company signed a deal earlier this year with…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

The Consumer Financial Protection Bureau (CFPB) will apply credit card rules to Buy Now, Pay Later (BNPL) products.  As a result, BNPL lenders must follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, according to a CFPB statement. That means consumers will be afforded some critical legal protections and rights that apply to conventional credit cards. These include a right to dispute charges and demand a refund from the lender after returning a product purchased through a BNPL service. A CFPB report released in 2022 found that more than 13% of BNPL transactions…

Mortgage rates are down for the second straight week, but still remain stubbornly high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.95% this week from 6.99% last week. The average rate on a 30-year loan was 6.69% a year ago.  The average rate on the 15-year fixed mortgage also decreased to 6.17% from 6.29% last week. One year ago, the rate on the 15-year fixed note averaged 6.10%. Read the full article here

For many golfers, owning a home on a golf course or near to their pick of courses is the ultimate retirement dream. And even if you’re not among the 25 million plus Americans who play golf, you can still take advantage of all the top amenities (think spas, swimming pools, restaurants…) that golf resorts offer. Plus, they’re often located on the coast—so there’s plenty for non-golfers to enjoy. Here’s my pick of destinations for golfers looking to Europe, Southeast Asia, and Latin America… 1. Portugal At the recent World Golf Awards, Portugal not only won the title of Europe’s Best…

A federal judge has temporarily blocked the Biden administration from enforcing a federal rule in four states that requires people who sell firearms online and at gun shows to conduct background checks on their potential customers. In a preliminary injunction issued Tuesday, US District Judge Matthew Kacsmaryk said the Bureau of Alcohol, Tobacco, Firearms and Explosives cannot enforce the rule intended to close the so-called gun show loophole in Texas, Louisiana, Mississippi and Utah. The injunction also temporarily prevents enforcement of the federal rule against several gun rights groups and an individual gun owner in Texas who are also part of the…

Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.US inflation fell to 3.3 per cent in May, raising expectations of early interest rate cuts and delivering a boost to the stock market and President Joe Biden.The data, issued on Wednesday hours before Federal Reserve officials outlined their plans for rate cuts this year, was marginally below economists’ expectations.The S&P 500 was up 1 per cent in afternoon trading, even after the Fed kept borrowing costs on hold at their 23-year high of 5.25 per cent to 5.5 per cent and…