Macerich Company announced an upsized public offering of 19.2 million common shares at $21 each, aiming to raise about $403.2 million. The proceeds will primarily repay borrowings used to acquire Annapolis Mall and support general corporate purposes, including further property acquisitions and investments at Annapolis Mall. The offering is expected to close on May 13, 2026, with underwriters having a 30-day option to buy an additional 2.88 million shares. This move strengthens Macerich's financial position and supports its growth strategy in retail real estate.
The US Dollar and Brent crude oil prices have shown an unusual positive correlation of 0.55, the highest since 2005, coinciding with the Iran war's onset in March 2026. Typically, these move inversely because oil is priced in US Dollars, but geopolit...
Ray Dalio, founder of Bridgewater Associates, expressed concerns about the declining global influence of the United States amid China's growing economic power, now estimated at 60-70% of the US economy. After spending significant time in Asia, Dalio ...
Venture capitalist Chamath Palihapitiya predicts Taiwan will lose its critical strategic role in semiconductor supply within 18 months as the US rapidly expands its domestic chip manufacturing capabilities. He highlighted that US fabs are nearing the...
Shiba Inu (SHIB) has fallen 10% over the past week amid a broader crypto market selloff driven by inflation concerns and fears of Federal Reserve rate hikes. The token recently confirmed a bearish short-term death cross on its 2-hour chart, where the...
Jump Crypto's Firedancer validator client has started producing blocks on the Solana mainnet after years of development, marking a significant step for Solana's network diversity and security. Although production use has begun, Jump Crypto advises va...
