Real Estate

(Bloomberg) — Sales of commercial mortgage bonds have fallen off a cliff, plummeting about 85% year-over-year, as rising interest rates cut into lending volume and defaults spook investors. Most Read from Bloomberg Only about $4.27 billion of the bonds have been issued so far this year, down from $29.38 billion …

Fabless chip stocks are showing strong price performance as they enter the elite IBD 50 list. Rising interest rates aren’t good news for these specialized semiconductor designers but demand is growing rapidly for automotive, health care and telecom applications. China’s reopening economy could also prove to be a tailwind after …

(Bloomberg) — The US Supreme Court is poised to hear a case that could spell danger for the internet’s most lucrative business: online advertising. Most Read from Bloomberg The case, Gonzalez v. Google, will be argued Tuesday and centers on whether internet companies are liable for the content their algorithms …

Just months after Meta laid off 11,000 employees, there are signs the company could be preparing for another wave of cuts. The parent company of Facebook and Instagram has reportedly ranked thousands of employees as “subpar” in a recent wave of performance reviews. And that’s raising fears among workers that …

The ‘sandwich generation’ is racking up an average of $7,000 on their credit cards as the Americans’ total balances spike to $930 billion — here are 4 ways to dig your way out of debt faster Credit card balances hit record levels at the end of last year, and experts …