Carlyle Group on Wednesday said its second-quarter profit rose 55%, as it continued to sell stakes in the companies it owns. But it saw a decline in another key profitability measure.
A weaker yuan may make economic sense, but Beijing can hardly afford a bout of currency weakness on top of everything else.
Housing markets in some big Chinese cities are starting to heat up, but smaller markets like Changchun in northeastern China show few signs of thawing.
Wanted in China: a reassuring face to tell panicking investors that everything will be all right.
Wall Street firms have found a new way to profit from consumers with blemished credit who can’t qualify for a mortgage: let them rent a home first with the option to buy it later.
Twitter recognizes it has a growth problem but it will be hard to fix.
A tight market is pushing rents higher, but new supply is on the way.
Pfizer’s strong results were undermined by currency effects—which also raise pressure to do a deal.
Puerto Rico’s worsening debt crisis has whet the appetite of a small but devoted group of distressed investors, including hedge-fund manager John Paulson, who are buying hotel properties.
Ahead of the Tape: Like surging Airbnb, Marriott International has an enviable asset-light approach to lodging.