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Sterling Heights — The city of Sterling Heights will start rolling out investments that are part of a new millage to preserve open space, fix sidewalks and plant trees in the upcoming fiscal year in its new budget, which starts July 1.The $319.9 million budget for the 2025-2026 fiscal year is the first with funds from the city's new Pathway to Play and Preservation millage that voters approved in November. It includes funds to purchase some land to preserve open space; repair and replace thousands of sidewalks; plant 1,600 trees; and...

Indianapolis-based mall giant Simon Property Group saw a mixed bag in its first-quarter numbers amid mounting caution over the impact of tariffs on retail. The retail real estate investment trust saw funds from operations drop to $413.7 million in the first quarter of 2025 compared to $667.2 million in the previous quarter, while funds from its real estate operations totaled $1.113 billion compared to $1.261 billion in the last three months of 2024. The company reported more than $1.47 billion in revenue, up from $1.44 billion-plus in the fourth quarter...

Michael Shribman is president and founder at APS Global Partners Inc. and Medias Health Inc. getty In a world where change is constant, the way we manage money is changing too. Traditional investing—balancing stocks and bonds and hoping for steady returns—is no longer enough for some people. Markets are more complex. Investors are more informed. And the tools we use are smarter than ever. I’ve spent the last 15-plus years building and investing in businesses across different sectors. Along the way, I’ve worked closely with advisors, managed my own portfolio...

Open this photo in gallery:U.S. and Saudi flags flutter along a highway in Riyadh, Saudi Arabia, on May 12.Hamad I Mohammed/ReutersWhen U.S. President Donald Trump lands in Riyadh on Tuesday, he will be greeted with opulent ceremonies, gilded palaces and the prospect of $1-trillion in investments. But the raging war in Gaza has denied him one goal he has long craved: Saudi-Israel normalization.Behind the scenes, U.S. officials are quietly pressing Israel to agree to an immediate ceasefire in Gaza – one of Saudi Arabia’s preconditions for any restart of normalization...

Jesse Sasomsup is the founder and president of Earnest Homes, a Los Angeles-based residential property driven by technology. getty ​In the multifaceted world of real estate investment, understanding the distinct yet complementary roles of property managers and asset managers is crucial for optimizing returns and ensuring the longevity of your investments. While both positions are integral to property oversight, they serve different functions that cater to various aspects of property management and financial strategy. For investors aiming to maximize their real estate portfolio's performance, a comprehensive grasp of these roles...

Dalton Investments’ co-founder James Rosenwald said he wants to avoid a proxy fight with Fuji Media Holdings, and called on the Japanese broadcaster to negotiate a settlement. Dalton is proposing 12 candidates to Fuji Media’s board, including SBI Holdings’ outspoken Chairman Yoshitaka Kitao. It is also demanding the media group, which is grappling with a sexual assault scandal, spin off its real estate business, unwind cross shareholdings and push through corporate governance reform. In an interview, Rosenwald said he hoped Fuji TV President Kenji Shimizu would engage in talks before...

SINGAPORE – Senior Minister of State Low Yen Ling and Temasek have warned the public about an investment scam tied to a doctored photo of her, a sham app and a WeChat group, all purportedly promoting wealth management products in China.In the doctored photo, Ms Low is seen at a ceremony for signing a memorandum of understanding (MOU) between two fictitious organisations – a Chinese commerce chamber and an asset management company named Taibai.The photo was misused on a China app, also called Taibai, and a group on messaging app...

SINGAPORE - Singapore and Asean investors keen to jump into Australia’s housing market have typically favoured brick-and-mortar investment properties – but private real estate credit funds are gaining traction as an alternative avenue. Mr Alan Greenstein, chief executive officer of Australia’s non-bank lender Zagga, told The Straits Times that strong demand for Australian real estate private credit is seen from institutional investors, family offices and wealth managers across South-east Asia.Unlike investors in Japan or South Korea, those in Singapore and neighbouring countries are more familiar with Australia and have deep...

The scale of makes it clear that the company is preparing for a future where technology drives growth across all business areas. However, such a bold approach also brings risks. Spending too much without seeing immediate returns could hurt earnings, disappoint shareholders, or even slow down other parts of the business. Nevertheless, the long-term opportunity is enormous. AI could help Amazon unlock new revenue streams, improve its core services, and create new business models that weren’t possible before. The stock price, therefore, will likely continue to reflect this balance between short-term financial...

Fund flows - meaning sales of products - in March were “surprisingly resilient.” As a variety of large brokerage firms, including LPL Financial, Charles Schwab & Edward Jones, revamp this year to give financial advisors easier access to sales of alternative investments, investment managers reported that March sales of these products were booming. Money managers such as KKR & Co. Inc. and Blackstone Inc. have long targeted sophisticated institutional investors to sell high risk, high reward investments, from hedge funds to private real estate and credit deals. Over the past...