REITs experienced a slight decline of 0.49% in July, breaking a three-month winning streak. Mid-cap and large-cap REITs performed well with gains of 2.12% and 1.48%, respectively, while small-cap and micro-cap REITs fell by 0.81% and 9.49%. Property types like Malls and Timber saw positive returns, but Infrastructure and Shopping Centers declined. The average net asset value (NAV) discount narrowed slightly, indicating a modest improvement in valuation. Despite the drop, REITs outperformed the NASDAQ but underperformed the S&P 500 and Dow. This mixed performance highlights ongoing market volatility and sector-specific challenges within REITs.
South Korea's largest crypto exchange, Upbit, announced new listings for four altcoins: Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL), and ETHGas (GWEI), with trading starting August 21 at 1 p.m. KST. Following the announcement, all four tokens sa...
Charter Communications announced the completion of its private exchange offers for certain outstanding notes, exchanging $2.75 billion of Pool 1 Notes for new Senior Secured Notes due 2038 and $2.75 billion of Pool 2 Notes for new Senior Secured Note...
Ethena (ENA) surged 27.3% to $0.1211, leading the market gainers as decentralized finance (DeFi) platforms gain traction. The rise highlights growing investor interest in innovative DeFi projects offering synthetic assets. Other notable movers includ...
ARN Media reported stabilization of its core radio business and plans to achieve $55 million in cost savings by the end of 2027. Despite strong audience performance, its metro radio revenue share remains below expectations due to brand safety issues ...
Pizza Hut is temporarily dropping "Pizza" from its name and will be known as "Hut" for 25 weeks during the 2026 NFL season as part of a football-themed marketing campaign. This rebranding coincides with Yum! Brands' ongoing sale of Pizza Hut, which i...
