Although regulators believe big banks will stay safe, they expect some other lenders will shut down.
Why empty offices may be the biggest threat regional and community banks face: Investors and regulators see heavy portfolios of commercial real estate as flashing danger signs. Let’s hope depositors remain calm.
Meta is closing its first retail store, and Google is selling its domains business to Squarespace, highlighting Big Tech's refocus on core growth areas and potential AI opportunities.
Valuations have plummeted due to lower office occupancy rates and changes in how people shop.
Big Tech’s real estate addiction cured by downturn: Companies are reversing their office expansion plans to cut costs. Long-term, the move makes more financial sense than layoffs given the rise of remote work.
Big Tech pauses office expansion: The economic downturn has pushed beleaguered companies like Meta to rethink their strategies. Workers’ reluctance to return is another reason for companies to stall expansion plans.
Verizon banks on private 5G for business: The carrier’s service in BlackRock’s offices will showcase an opportunity for 5G to shine while challenging Wi-Fi’s dominance in office, enterprise, and government use.
TSMC $12B US chip plant delayed by months: A lack of sufficient skilled labor in Arizona spells trouble for the semiconductor plant meant to bolster chip supply.
Google buys UK offices for $1B: As the rest of the world works remotely, Big Tech continues buying up real estate in preparation for growth and expansion.
For US Hispanics, optimism and the idealization of the American Dream are driving an uptick in homeownership, and as more Hispanics become homeowners, their purchase power and net wealth are poised to increase. But they’re not up to speed with the rest of the US economy … yet.