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Confidence Game
August 08, 2023 | The credit rating agencies are back in the news. No, Moody’s isn’t making headlines for following Fitch’s footsteps last week by downgrading the U.S. government — it’s the last of the big three who still gives the U.S.A. a perfect credit rating. Instead, the firm turned its attention to U.S. banks.
Apartment Trouble
August 07, 2023 | Apartment complexes are in trouble. Not because of a lack of demand, though. Rather, higher interest rates have made debt costs unmanageable, threatening to “wipe out many multifamily owners across the country,” writes the Wall Street Journal.
Road Trippin’
August 06, 2023 | Given that it’s peak vacation season, we’re diving into the rise of Tripadvisor and the secrets to its impressive scale, turning an initial $3 million investment into a $7 billion global brand that 1 in 16 humans rely on each month.
