The office real estate market has entered a challenging year, grappling with significant challenges represented by disruptive industry trends and upcoming financial maturities.
Merger talks between Paramount Global and Warner Bros Discovery set the scene for future M&A drama. But if Paramount is in play, it’s not clear that WBD CEO David Zaslav is best suited for the leading role in a potential deal.
The combination of lower demand and higher costs created substantial headwinds for growth and dividend distributions. As a result, many REITs cut or suspended their dividends in 2024.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page
The stock market continues to be full of worry, but is managing to stay on top this week, so far. It is worth noting that yesterday's close brought levels back to those of a month ago.
Mortgage rate data revealed worrisome increases, with the average rate on a 30-year fixed mortgage reaching 7.57%, marking the highest level in 23 years. The average rate on a 15-year fixed mortgage also rose to 6.89%, compared to 6.78% the previous week, as reported by Freddie Mac.
Gainers Prestige Wealth Inc. (NASDAQ: PWM) shares jumped 65.6% to $8.28. Prestige Wealth reported pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share.
