Tag: investments

Struggling Startup Lordstown Motors Gets $400 Million Investment

July 27, 2021
BusinessCompaniesinvestmentslordstownproductionsubpoenasUS
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LORDSTOWN, Ohio—Lordstown Motors has received a $400 million investment as the struggling electric truck maker continues to push toward production of its new pickup this fall. The Ohio company, which has been under scrutiny over the claims it has made about the number of orders it has received for its trucks, said in a filing…

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Will California’s Public Pension System Learn From its Mistakes?

July 15, 2021
AB826CaliforniaCalifornia Public Employees’ Retirement SystemCalPERSgainsinvestment performancesinvestmentsLocal NewsNorthern CaliforniaOpinionpensionspublic unionsRegional-Local NewsSouthern CaliforniastocksunionsUSViewpoints
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Commentary If you have had a chance to look at your 401(k) or IRA rollover quarterly statement for June 30, then you’ve probably got a smile on your face. The stock market has done quiet well over the past year; likely better than most would have expected. The California Public Employees’ Retirement System (CalPERS) on…

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Wall Street Firm Blackstone Invests $6 Billion in Single-Family Homes

June 22, 2021
BusinessCompaniesEconomiesInvestmentinvestmentsMarketssingle-familyUSUS NewsWall Street
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Investment firm Blackstone Group acquired 17,000 single-family rental homes on Tuesday in a deal worth $6 billion. Blackstone, an asset management firm that focuses on alternative investments, acquired Home Partners of America (HPA) along with its 17,000 home inventory, the firm announced in a statement Tuesday. Blackstone will continue HPA’s business model of offering its…

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