Private Equity's Liquidation of London Goes On One day, there won’t be any decent London-listed companies left for private equity funds to buy. The latest attempt at a UK leveraged buyout may be remarkable for its size, but it otherwise conforms to a familiar pattern that’s seeing the market gradually liquidated by cash bids from buyout firms and foreign bidders.
Tech Rebound Lifts Stocks as Oil Rally Hits Pause: Markets Wrap Dip buyers drove technology stocks higher, with traders betting that a record-breaking rally in chipmakers has further room to run. Oil broke a streak of three daily gains even as the Strait of Hormuz remained shut.
San Francisco’s Luxury Housing Boom Is a Warning San Francisco’s luxury housing market is booming, fueled by the stunning wealth created by the nascent artificial intelligence industry and a record stock market. Sure, the California city has always been an outlier relative to the rest of the real estate market, but the recent developments nevertheless suggest the modest gains in affordability we’ve seen in the US may be nipped in the bud.
Brown Harris Stevens CEO Bess Freedman discusses NY Democrats cutting deal on second-home tax and says we need complete property tax reform. She speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
