Bill Ackman Offers Financial Support to Any NYC Mayoral Candidate Ready to Challenge Mamdani
Bill Ackman pledges to bankroll any NYC mayoral candidate willing to step forward that can defeat Mamdani Hedge-fund billionaire Bill Ackman plans to bankroll a New York City mayoral campaign, arguing that his affluent associates are poised to flood the election with money in an effort to defeat Democratic Socialist frontrunner Zohran Mamdani. Ackman said he […]
Bitcoin Reaches $100,000: What This Means for Your Portfolio
Bitcoin hit $100,000. Here’s what it means if it’s in your portfolio Bitcoin finally reached $100,000 and investors holding the cryptocurrency in their portfolios have a few moves they’ll need to make before they celebrate. The flagship crypto crossed the $100,000 threshold for the first time late Wednesday, a fresh milestone in its 2024 hot […]
Another Disappointing Quarter for NYCB Reveals Ongoing CRE Challenges for Banks
Another bad quarter for NYCB shows CRE problems are not yet behind banks Regional lender New York Community Bancorp (NYCB) offered a new reminder Friday that commercial real estate problems are not totally in the rear-view mirror of US banks. The Hicksville, NY-based regional lender posted higher loan loss provisions and loan write-offs in the […]