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Founders edition: Los Angeles’ top 100 real estate players
therealdeal5d ago

Founders edition: Los Angeles’ top 100 real estate players

Here’s an additional finding from The Real Deal’s recently published top 100: the founder factor is real. Our selection of the most prominent people in Southern California real estate has a lot of founders, who, even if they’ve stepped back on paper, still appear to be very much in. There is no better example than founder-turned-chief-executive-turned-executive-chairman Rick Caruso. The billionaire mall developer founded his real estate empire in the late 1980s and was CEO until 2022, when he ran for Los Angeles mayor against Karen Bass and named Corinne Verdery as his successor. Verdery still runs the company on a [...] This article originally appeared on The Real Deal. Click here to read the full story.

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Stock market to remain bearish, cautious ahead of long Lenten break
mb5d ago

Stock market to remain bearish, cautious ahead of long Lenten break

On this three-day trading week, the local stock market is seen to remain bearish due to the impact of the Middle East conflict on inflation and supply, while investors are also expected to hold on to cash heading into the long Lenten break amid these uncertainties. “The local market is still expected to have a bearish default due to rising inflation expectations amid the uncertainties of the United States (US)/Israel-Iran war. Investors are also expected to trade cautiously ahead of the long weekend,” said Philstocks Financial Inc. research manager Japhet Tantiangco. He noted that, “The elevated oil prices and the weak position of the peso are expected to continue weighing on market sentiment. Investors are also expected to monitor further developments in the conflict in the Middle East.” Online brokerage 2TradeAsia.com said the reality of active hostilities and rejected counterproposals keeps a massive risk premium embedded in crude, which implies de-anchored inflation expectations and crippled supply chains. “For capital markets, this translates to a sustained ‘risk-off’ environment: sovereign yields are facing upward pressure as markets brace for a stagflationary shock, while the US dollar remains the primary beneficiary of a flight to safety,” it noted. The protracted closure of the world’s most vital oil artery suggests that higher-for-longer terminal rates may be the only tool left for central banks to combat the second-round effects of an energy price spike. “This is a week for discipline and a season for introspection, heading into a low-liquidity week amid the Lenten break. Focus on companies with the pricing power to weather rising input costs and the balance sheet strength to survive a high-rate, low-consumer confidence environment,” 2TradeAsia.com advised. For stock picks, Unicapital Securities Inc. head of research Wendy Estacio-Cruz said banks may benefit if the Bangko Sentral ng Pilipinas (BSP) decides to hike interest rates to tame inflation. “Banking might outperform over the next couple of quarters, given that their margins will be protected somehow,” she said, adding that after Russia started the war in Ukraine, only the financial sector gained by seven percent while all other sectors, even the Philippine Stock Exchange index (PSEi), were down. She said defensive stocks are also good hedges during crises, such as utilities like power and water, and commodity-driven stocks such as mining due to rising prices of gold and other metals. Abacus Securities Corp. has a BUY rating on SP New Energy Corp. (SPNEC), as the first phase of its massive Terra Solar project will be fully operational by August and will deliver 850 megawatts (MW) by the first quarter of 2027, after its smaller second phase also comes online.

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Three Stocks to Buy as Investors Flee This $3 Trillion “Shadow” Market
investorplace5d ago

Three Stocks to Buy as Investors Flee This $3 Trillion “Shadow” Market

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Could a spark light private credit markets on fire? According to former Goldman Sachs CEO Lloyd Blankfein, the answer is clear: Absolutely. The post Three Stocks to Buy as Investors Flee This $3 Trillion “Shadow” Market appeared first on InvestorPlace .

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We will stand our ground – SEC chair
philstar5d ago

We will stand our ground – SEC chair

The Securities and Exchange Commission (SEC) said it would stand firm following a case filed by media giant GMA Network Inc. against the commission’s circular imposing term limits for independent directors of publicly listed companies.

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Iran vs USA
philstar5d ago

Iran vs USA

Brent crude closed last Friday at $112.57 per barrel – its highest weekly close since 2022 and up by 86 percent year-to-date. The Strait of Hormuz, through which 20 percent of the world’s oil flows, has now been effectively shut for four weeks. Despite an extended ultimatum from President Trump, Iran shows no sign of yielding.

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