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A version of this article first appeared in the CNBC Property Play newsletter with Diana Orrick. Property Play covers new and evolving opportunities for real estate investors, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large publicly traded companies. Sign up to receive future editions directly to your inbox.Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, is a legendary real estate investor. Brendan Wallace is an entrepreneur who co-founded Fifth Wall, a venture capital firm that invests in real estate technology and real estate decarbonization. The two first met at the gym. Now,…
Anthropic on Wednesday announced an ambitious new data center partnership with UK-based neocloud provider Fluidstack, committing $50 billion to build facilities across the United States to meet growing computing needs. The data centers will be located in Texas and New York and are expected to be operational throughout 2026. The company described these sites as “custom-built for Anthropic with a focus on maximizing workload efficiency.” “We are moving closer to AI that will accelerate scientific discovery and help solve complex problems in ways never before possible,” Anthropic CEO and co-founder Dario Amodei (pictured above) said in a statement. “To realize…
Waymo robotaxis will now carry passengers on highways in three major U.S. cities, marking a major milestone for the driverless ride-hailing company.alphabetWaymo, its subsidiary, announced Wednesday that it will begin offering these types of trips in the San Francisco, Phoenix and Los Angeles markets “where highways are significantly faster.” Over time, Google’s sister companies will gradually expand highway travel to more passengers and locations.Waymo’s self-driving cars have previously picked up passengers on small highways and side streets, but Wednesday’s expansion marks the first time the company will collect fares from regular passengers on highways with higher speed limits.”Highway driving is…
This fall has been rough for air travelers, with the annual Thanksgiving holiday still in progress, as well as flight cancellations and staffing shortages related to the U.S. government shutdown. Here’s what we know about air travel during the busy holiday period, when millions of Americans will be heading to airports across the country. Travel officials and analysts said it could take airlines one to two weeks to recover from the recent disruptions, and that depends on whether the groundings are resolved by the end of this week. Transportation Secretary Sean Duffy suggested in remarks Tuesday at Central Wisconsin Airport…
“I’ve never been so sure,” said Dolores, who has two children, Gabby, 29, and Frankie, 26, with ex Frank Catania. “As you know, patience is important to us. When we first met, Paul wasn’t used to being in public, he wasn’t used to the pressure that an audience would put on a relationship. There were things in his life that needed to be sorted out, and it took time.” “But even when there were problems on the show, I didn’t push Paul because I wanted him to do the right thing for himself. And our bond is stronger now because…
The average price of a new car now exceeds $50,000, and more buyers are extending financing terms to lower their monthly payments.The average loan term is now 69 months, and the proportion of 84-month loans is at an all-time high of 22%, according to data from automotive research firm Edmunds. Mr. Edmunds recommends a maximum of 60 months, but this is no longer realistic for many buyers with high price tags, making it difficult to pay for short-term contracts.While longer loan terms can lower your monthly costs, they can end up costing you more overall and come with other drawbacks…
WisdomAI, the new AI data analytics startup from Rubrik co-founder Soham Mazumdar, has raised $50 million in new Series A funding led by Kleiner Perkins with participation from new investor NVentures (NVIDIA’s venture capital arm). The round comes about six months after the startup announced a $23 million seed round led by Coatue. WisdomAI provides AI-driven data analytics that can answer business questions from structured data, unstructured data, and even “dirty” data that has not been cleaned of typos and errors. Business users can simply ask questions in natural language, such as, “How many customers do you have in your…
belgrade, serbia AP — Thousands of protesters in Serbia erected a symbolic human shield around a bombed-out military facility on Tuesday, vowing to protect it from redevelopment as a luxury complex by a company linked to US President Donald Trump’s son-in-law Jared Kushner. Youth-led protesters drew a red line around vast buildings in the capital Belgrade, which were partially destroyed in a 1999 NATO bombing campaign. The site faces demolition and redevelopment under a plan backed by President Aleksandar Vučić’s populist government. The $500 million project to build a high-rise hotel, offices and shops on the site has faced fierce…
Spanish club president Joan Laporta says the prospect of Lionel Messi returning to Barcelona as a player is “unrealistic”.Laporta’s comments were made on Wednesday, three days after the Argentine, one of Barcelona’s greatest ever footballers, returned to the Catalan club on an unannounced visit and expressed a desire to “one day return”.The 38-year-old made a surprise appearance at Barça’s Camp Nou stadium on Sunday night and said he hopes “someday I can come back and not just say goodbye as the player I never was.”Messi, Barça’s all-time leading scorer (672 goals) and capped player (778 caps) and eight-time Ballon d’Or…
For founders looking to build businesses that last for decades, the key to lasting success is to never stop thinking like a startup, says investor and author Eric Becker.”This is a little counterintuitive. Most people associate things that persist over time with being bureaucratic, slow-moving, and indecisive,” says Becker, co-founder and co-chairman of Cresset Capital, a Chicago-based wealth management firm that manages more than $70 billion in assets. Mr. Becker has started or invested in more than 100 companies.What Becker calls “long-game companies” are typically more “nimble” than their competitors, which allows them to better navigate the ups and downs…