After Citi closed its public finance division, banker Archana Chandrasekhar took a unique path by pausing before diving back into the municipal market. This decision led her to start a new firm, Full Moon Capital, focusing on investing in purpose-built real estate developments at universities and hospitals. During her 14-year tenure at Citi, Chandrasekhar specialized
Dubai’s property market is currently experiencing unprecedented growth, with sales figures and property values reaching record highs in 2024. However, not everyone is celebrating this boom. Hussain Sajwani, chairman of Dubai property giant Damac, has expressed concerns about the negative consequences of this rapid expansion. Sajwani acknowledges that the increasing demand for property, especially in
The newly appointed CEO of Starbucks, Brian Niccol, has outlined a plan to prioritize the improvement of the chain’s U.S. business before addressing issues abroad. In an open letter published recently, Niccol acknowledged the shortcomings of the chain, particularly in the U.S. where there have been challenges in delivering a consistent customer experience. He identified
As the curtain falls on 2024, UBS has spotlighted a selection of tech stocks poised to outperform in the final quarter, particularly in the wake of significant market shifts. Following a dramatic week that saw Nvidia’s market cap shrink by almost $300 billion—the largest one-day drop in U.S. history—the semiconductor industry has been left reeling.
The National Football League (NFL) has made significant strides in expanding its fanbase through strategic streaming deals with various media companies. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted the league’s commitment to growing its audience during CNBC x Boardroom’s Game Plan sports business event. This push for growth was evident in
The aftermath of the fiery U.S. presidential debate has had a significant impact on Asian currencies. As the dollar retreated, most Asian currencies gained ground, signaling a shift in the foreign exchange market. The debate, which escalated into personal attacks between the candidates, has further heightened uncertainty in the market. This article delves into the
Sales of ultra-luxury homes have seen a significant surge in New York, Miami, and Palm Beach, Florida, during the second quarter. According to a report from real estate firm Knight Frank, the number of homes selling for $10 million or more increased by 44% in Palm Beach, 27% in Miami, and 16% in New York.
JPMorgan Chase, a prominent financial institution, faced a setback with a 5% decline in its shares following the bank’s president, Daniel Pinto, expressing concerns about overly optimistic expectations for net interest income (NII) and expenses in 2025. The bank’s target for NII in 2024 stood at approximately $91.5 billion, with the 2025 projection hovering around
Recently, the CEO of MicroStrategy, Michael Saylor, made headlines with his bold prediction that Bitcoin is destined to reach a valuation of at least $13 million. While such optimistic forecasts are not new coming from Saylor, this particular prediction has raised some eyebrows in the crypto community. Saylor’s prediction was promptly met with a humorous
Citi recently shared its perspective on the US dollar, predicting a potential weakening in the near term. Despite maintaining a bullish stance on the currency for the next one to two months, the brokerage firm believes that the current market conditions do not support a broad strengthening of the dollar. Instead, Citi suggests that safe-haven