Author: Press Room

Global Medical REIT Inc. (NYSE:GMRE) is a United States medical office building-focused healthcare real estate investment trust that offers a compelling value proposition to passive income investors seeking both income and growth. Global Medical REIT, in my opinion, provides a growing dividend, portfolio expansion, and the strong possibility of robust funds from operations growth as the trust continues to expand its medical office building footprint through acquisitions. Global Medical REIT is also undervalued in my opinion, as its stock trades at a low FFO multiple. As a result, an investment in Global Medical REIT provides yield, income, a margin of…

Stocks recovered from an early dip as US equity markets reopened from the long Easter weekend on Monday, with investors weighing up the potential for more interest rate rises from the Federal Reserve.The S&P 500 closed 0.1 per cent higher after a late pick-up, while the tech-heavy Nasdaq Composite ended the day flat despite dropping as much as 1.4 per cent in early trading. Monday marked the first opportunity traders had to respond to data released on Friday showing the continued strength of the US labour market.The US economy added 236,000 new positions last month, fewer than in February but…

President Joe Biden signed legislation Monday to end the national emergency for Covid-19, the White House said, in a move that will not affect the end of the separate public health emergency scheduled for May 11. A White House official downplayed the impact of the bill, saying the termination of the emergency “does not impact our ability to wind down authorities in an orderly way.” The bill to end the national emergency cleared the Senate last month in a bipartisan 68-23 vote and passed the House earlier this year with 11 Democrats crossing party lines to vote for the joint…

Used car dealer CarMax is stuck between a rock and a hard place, just like so many other automotive-related companies in 2023, struggling to deal with rising interest rates and declining vehicle affordability. Investors will get a chance to see how the year is developing when the company reports fiscal year 2023 fourth-quarter earnings on Tuesday, before the market opens for trading. Wall Street is looking for 20 cents in per-share earnings from $6.1 billion in sales. A year ago, CarMax (ticker: KMX) reported 98 cents in per-share earnings from $7.7 billion in sales. Things are down year over year.…

Oil futures moved a bit higher on Thursday, but ended the holiday-shortened week with a strong gain after Saudi Arabia and its OPEC+ allies last weekend unexpectedly announced a round of production cuts. Most U.S. markets will be closed for the Good Friday holiday. Price action West Texas Intermediate crude for May delivery CL00, +0.30% CL.1, +0.30% CLK23, +0.30% edged up by 9 cents, or 0.1%, to settle at $80.70 a barrel on the New York Mercantile Exchange, pulling the U.S. benchmark up by nearly 6.7% for the week, according to Dow Jones Market Data. June Brent crude BRN00, +0.27%…

As companies make a push to bring workers back to the office, office buildings built before the 1980s are going to face a reckoning, a new report from Moody’s says.Businesses are working hard to lure people back to the traditional workplace after three years, for many, of remote and hybrid work.  But a reluctance among the working population to fully embrace the return to work is prompting many companies, from Airbnb to Zillow, to offer employees the flexibility to work from anywhere. That spells trouble for commercial real estate, specifically office buildings, as tenants quit them. Coupled with debts coming…

Goldman Sachs GS, +0.79% settled charges Monday with the Commodity Futures Trading Commission that it violated standards related to equity index swap transactions. Goldman admitted that it failed to make necessary disclosures for “same-day” swaps to clients in 2015 and 2016, the CFTC said Monday. “The purpose of the CFTC’s Business Conduct Standards is to promote transparency and fairness in the swaps market,” said Ian McGinley, the CFTC’s director of enforcement, in a statement. “The CFTC is committed to ensuring that swap dealers abide by these standards, so that swap counterparties receive disclosures allowing them to assess material aspects of…

By Barani Krishnan Investing.com — OPEC+ appears to have hit bull’s-eye with its to recapture $80 and above for a barrel. The oil cartel, however, isn’t the only one capable of delivering a surprise: U.S. factories are too, with a weaker-than-expected manufacturing report for March. As crude prices posted their the largest one day gain in a year on Monday, the so-called ISM manufacturing report countered OPEC+’s surprise production cut that triggered inflation jitters. The preliminary reading for last month came in at 46.3 versus a forecast 47.5 and the February reading of 47.7. “This is the fifth month in…

By Peter Nurse Investing.com – The U.S. dollar steadied in early European trade Monday on rising optimism the U.S. banking turmoil could be contained, although confidence in the sector remained fragile. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded largely unchanged at 102.745, above the seven-week low seen last week. News released early Monday that First Citizens BancShares (NASDAQ:) agreed to acquire Silicon Valley Bank’s deposits and loans has soothed market nerves surrounding the health of smaller U.S. banks. This followed both U.S. Treasury Secretary Janet Yellen and Federal…

By Devjyot Ghoshal and Napat Wesshasartar BANGKOK (Reuters) – Thailand’s decriminalisation of cannabis has delighted its fans, alarmed some health experts and has increasingly disappointed farmers who have been undercut by illegal imports, sending a promise of a new bonanza crop up in smoke. Marijuana has also become an election football with the opposition criticising the ruling pro-military coalition in the run-up to May 14 polls for rushing through decriminalisation last year to what they say is the detriment of society, youngsters in particular. Thousands of cannabis shops and businesses have sprung up, especially in Bangkok and tourist spots, since…