Erik Sherman is an independent journalist who has been writing at Forbes for 11 years. He reports on business, economics, finance, investing, markets, tech, law, commercial real estate, and income and wealth inequality. His credits include Fortune, the Wall Street Journal, the
Big Real Estate Investment Fund Gets $1.02B Bailout
Starwood REIT, with $22.5 billion in assets over 598 properties, got the money from private equity giant Apollo Global to pay down debt and cash out investors.
U.S. Unexpectedly Lost 23,000 Jobs. Here’s What It Means For Interest Rates
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
How Shifting Inflation Metrics Could Complicate The Fed’s Policy Path
The June PCE dip hides a bigger issue as shifting inflation metrics create uncertainty for the Fed, markets and investors navigating the path of prices.
The Wealthy Love Rent Control — For Themselves In NYC
: It turns out that the best housing deals go to some of the wealthiest people in New York City. The top 25% of them pay $1,000 less than market rate.
SpaceX Is $15 Away From A ‘Worthless’ AI Business Says Morgan Stanley
SpaceX’s stock slide nears a level Morgan Stanley says would assign zero value to its AI unit, as analysts weigh losses, divisional performance and investor sentiment.