Is the U.S. technology sector ripe for a spin cycle?
Big tech companies currently have several good reasons to spin off portions of their businesses into standalone public entities. Unlocking hidden shareholder value, reducing operational inefficiencies, and securing a readily available market of investors comprised of their own existing shareholders — all are good arguments for tech firms to consider spin-off transactions. But with rapidly […]
Microsoft extends rally with a record-breaking stock market value
** Shares of Microsoft (NASDAQ:MSFT) climb 1.3%, ending the session with a market cap of $3.33 trln, a record for any co, while Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) were close behind ** AAPL ahead of MSFT for part of the session before falling behind by the close ** The three cos remain in tight contention […]
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall
Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his real estate fund amid mounting losses and redemption requests. “With all the hysteria in the media, people are saying, ‘I want to get out now and I’ll come back in later when the coast […]