New US Home Construction Plunges to Slowest Pace Since June 2020

Home starts slid to 1.28 million, below all but one estimate Decline in building permits point to softer construction ahead New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates sap the housing industry’s...

McDonald’s $5 Value Meal Intensifies a Fast Food Price War

The biggest US restaurant chain is taking on competitors with a new promotion. McDonald’s Corp.’s US chief says the company is ready for a fight. And in order to win, the burger chain is pulling out one of the most potent weapons in its arsenal: The value meal. It’s...

Saudi Wants Family Offices to Help Build Americas Investment

Ties with Brazil are growing with two-way investments Abdulrahman Bakir helped lead tour of 100 delegates to region Before 2020, Saudi Arabian investment in Brazil was so small that it didn’t even appear in the central bank’s database for relevant foreign inflows....

Funds in Commercial Real Estate Warn of Stranded-Asset Shock

The increase is tied to recent passage of new green standards Half of fund managers surveyed say over 30% of assets stranded Fund managers overseeing commercial real estate say significant chunks of their portfolios hold assets that can now be considered stranded due...