The relationship between capitalization rates (cap rates) and interest rates is more nuanced than first meets the eye. Understanding their interplay is a cornerstone of real estate investment analysis. In this blog post, we dissect historical data, discuss current opportunities, and forecast real estate valuations for the second half of 2024. Cap rates measure the ratio of a property’s net operating income (NOI) to its purchase price. Because interest rates influence the cost of borrowing, they affect property prices and investor returns. It is often assumed that cap rates move in tandem with interest rates because, in theory, rising interest…
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Nvidia’s (NVDA) next-generation artificial intelligence chip is in full production, and demand for it is “insane,” according to CEO Jensen Huang.“Everybody wants to have the most, and everybody wants to be first,” Huang said about the company’s highly anticipated AI platform, Blackwell, during a Wednesday evening appearance on CNBC.Shares of the chipmaker were up almost 3% during midday trading Thursday. Nvidia’s stock has climbed over 152% so far this year.When the company reported second-quarter earnings in August, Huang said that the company had shipped samples of Blackwell to customers during the period and that Blackwell’s production will ramp up in…
1.2 million+ customers reconnected following most destructive storm in company’s history;Intense restoration in hardest-hit areas underway with personnel working around the clock ATLANTA, Oct. 3, 2024 /PRNewswire/ — Georgia Power has restored power to more than 1.2 million customers following Hurricane Helene “ more than 90% of all customers impacted by the most destructive hurricane in the company’s history. Progress is ongoing and the company expects to reach 95% total restoration by this Saturday. More than 20,000 personnel remain engaged in the company’s response. Rapid response to Hurricane Helene has been possible through the implementation of new “smart grid” technologies…
(Reuters) -The United States has seized 41 internet domains used by Russian intelligence agents and their proxies to hack into government agencies including the Pentagon and State Department, the Justice Department said on Thursday. The department in a statement said it had acted concurrently with a Microsoft (NASDAQ:) effort to take down 66 internet domains used by the same actors. The seized domains were used by hackers linked to a unit of the Russian Federal Security Service. “The Russian government ran this scheme to steal Americans’ sensitive information, using seemingly legitimate email accounts to trick victims into revealing account credentials,”…
By Caroline Valetkevitch NEW YORK (Reuters) -Major U.S. stock indexes were lower on Thursday afternoon ahead of Friday’s monthly U.S. payrolls report and as investors kept a watchful eye on the growing conflict in Middle East. Data on Thursday showed that the number of Americans filing new applications for unemployment benefits rose marginally last week. Still, fallout from Hurricane Helene and strikes at ports could distort the labor market picture in the near term. The key report this week for investors could be Friday’s employment report for the month of September. “It looks like investors are cautious ahead of the…
(Bloomberg) — Shares of EVgo Inc. surged the most in more than three years after the electric vehicle charging company received a conditional loan guarantee of up to $1.05 billion from the US Department of Energy to expand its network.Most Read from BloombergThe financing would allow the Los Angeles-based company to build out about 7,500 additional fast charging stalls across the US in states including Arizona, California, Florida, Georgia and Illinois, EVgo said in a statement Thursday.The Biden administration has pushed to build a 500,000-strong national electric vehicle charging network by 2030. Getting low-cost financing for the build-out of charging…
Striking workers at the Red Hook Container Terminal in Brooklyn gather before a visit by Mayor Eric Adams after members of the International Longshoremen’s Association, or ILA, began walking off the job after 12:01 a.m. ET on October 01, 2024 in Brooklyn, New York. Spencer Platt | Getty ImagesAs the East and Gulf coast ports strike hits its third day on Thursday, the nationwide logistics system is beginning to show signs of stress, with thousands of containers dumped at the wrong ports and billions of dollars in trade at anchor on ships. Ocean carrier surcharges for shipping clients are beginning to…
In a remarkable display of market confidence, shares of Perma-Pipe International Holdings, Inc. (PPIH) have surged to a 52-week high, reaching a price level of $13.49. This peak reflects a significant uptrend for the company, known for its pre-insulated piping and leak detection systems. While PPIH celebrates this milestone, another stock, MFRI, has experienced a substantial 1-year change, boasting an impressive 67.11% increase. This growth underscores a period of robust performance and investor optimism in the sector, as both companies ride the wave of positive market dynamics. In other recent news, Perma-Pipe International Holdings, Inc. has secured significant contracts in…
(Reuters) – Western nations have drafted contingency plans to evacuate citizens from Lebanon after a dramatic escalation in the conflict between Israel and the Lebanese armed movement Hezbollah, coupled with Iran’s missile attack on Israel on Tuesday. No country has launched a large-scale military evacuation yet, though some are chartering aircraft as Beirut airport stays open. Here are details on contingency planning: AUSTRALIA It has organised hundreds of airline seats for its citizens to leave Lebanon, and has flown military aircraft to Cyprus as part of a contingency plan. Its contingency plans could include evacuation by sea, though authorities have…
Outlook reaffirmed, acceleration of disposalsA renewed framework and solid fundamentals PUTEAUX, France–(BUSINESS WIRE)–Regulatory News:This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003728966/en/ emeis (Paris:EMEIS): Improving the fundamentals of our core activities to support future performanceThe Group’s transformation draws on its people, the quality of care it provides and the optimisation of its processes. These three focus areas are the levers of tomorrow’s operational and financial performance. We are already seeing progress (satisfaction rate up to 92.4%, stabilisation of teams with staff turnover down -3 points and absenteeism down -1.4 points since 2022, a sharp -21% decrease in the…