Carson Block said he’s short Blackstone Mortgage Trust, saying the publicly traded real estate investment trust is exposed to a perfect storm of economic conditions hitting commercial real estate and may face a liquidity crisis.
Here are the key takeaways from the Senate Banking Committee’s Wall Street oversight hearing in Washington Wednesday, featuring eight big-bank CEOs:
McDonald’s Corp. is looking to hit 50,000 locations around the world by 2027 in what the company calls the fastest expansion spurt in its history.
The Bank of Canada held interest rates steady for a third consecutive meeting, acknowledging a stalled economy while keeping the door open to further hikes as officials watch for more progress on slowing inflation.
Meta Platforms Inc.’s appeal to stop the Federal Trade Commission from reopening and modifying its 2020 privacy order should be rejected, the US government said Wednesday.
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