Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

The Most-Hated Solar Company in America:

The Most-Hated Solar Company in America:

Auxin Solar Inc., a tiny, struggling maker of solar panels, has thrown the entire American renewable-energy industry into chaos. A petition Auxin filed with the Commerce Department accusing Chinese companies of circumventing tariffs spurred a US probe in March that has effectively halted most solar-panel imports, according to utilities and industry groups, delaying solar projects … Read more

Dow Slides More Than 1,000 Points as Investors Reassess Fed Comments:

Dow Slides More Than 1,000 Points as Investors Reassess Fed Comments:

US stocks fell sharply, led by technology and other growth stocks, as investors assessed the implications of the Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 3.7% as losses accelerated in midday trading Thursday. The tech-focused Nasdaq Composite Index fell 4.9%, and the Dow Jones Industrial … Read more

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas:

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas:

WASHINGTON — Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses … Read more

Facebook’s E-Commerce Bet Stumbles as Meta Looks to Revamp Its Ads Business:

Facebook’s E-Commerce Bet Stumbles as Meta Looks to Revamp Its Ads Business:

Facebook FB: 0.43% parent Meta Platforms: Inc. FB: 0.43% developed e-commerce services in 2020 as people shopped more from home and the company faced a changing digital ad market. Two years later, employees, former executives and retailers say the division remains a work in progress. Some retailers say they are frustrated by Meta:‘s: e-commerce rollout, … Read more

Wall Street Is So Terrified, Stocks Might Be Ready to Rise:

Wall Street Is So Terrified, Stocks Might Be Ready to Rise:

Federal Reserve Chair Jerome Powell: Tom Williams-Pool / Getty Images: Text size: To paraphrase Monty Python, the stock market isn’t dead quite yet. Sure, it feels like the: S&P 500: has nowhere to go but down. The index dropped 4.9% last month, its worst April since 1970, and sentiment toward stocks remains terrible, with only … Read more

New York’s Waldorf Astoria Hotel Finds a Rocky Path to Condo Conversion:

New York’s Waldorf Astoria Hotel Finds a Rocky Path to Condo Conversion:

The Chinese owner of Manhattan’s historic Waldorf Astoria hotel has been struggling to complete its plan for converting hundreds of guest rooms into luxury condos. The process has fallen at least two years behind the initial schedule and costs have ballooned, leading to the departure last week of the top US executive overseeing the project. … Read more

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

Rampant inflation is helping reduce the weight of the world public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

Rampant inflation is helping reduce the weight of the world public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more