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Diminishing perspective of downtown London skyscrapersChunyip Wong | Istock | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The commercial real estate market has been historically slow to modernize, and yet it appears to be accelerating its adoption of artificial intelligence. Companies are moving beyond initial testing and exploration into more targeted applications that aim to redefine…

A customer shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe scariest thing haunting Halloween this year isn’t a ghost, goblin or ghoul — it’s the price of chocolate.From Snickers to Reese’s to Twix, one of America’s favorite indulgences is getting more expensive, as tariffs, inflation and high cocoa prices squeeze profit margins and customers’ pocketbooks, possibly leading to fewer chocolate bars landing in trick-or-treat buckets this year.Chocolate prices have surged nearly 30% since last Halloween and almost 78% in the past five years, according to data from research firm…

Until recently, a $100 billion net worth granted entry to the world’s most exclusive club. Soaring fortunes in the AI era have made $200 billion the new number to beat.Tesla and SpaceX CEO Elon Musk, Oracle cofounder Larry Ellison, Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos, and Alphabet cofounders Larry Page and Sergey Brin are each worth over $200 billion, the Bloomberg Billionaires Index shows.They’re individually worth more than some of America’s biggest companies: PepsiCo, Uber, Walt Disney, and Intel were valued around $200 billion each at Thursday’s market close.Luxury tycoon Bernard Arnault, the LVMH CEO, is close to…

When you open a new business, you don’t just sit back and hope that people will show up.You advertise. You post on social media, tell your friends and neighbors, and do all that you can to promote your product to gain and retain customers.There’s no reason the public school system shouldn’t be doing the same, Brian Stephens, the CEO of Caissa Public Strategy — a strategic communications firm — told Business Insider.”Allow everyone to compete,” Stephens said. “If they don’t compete and they don’t present their best foot forward, they’re going to go out of business. And I think that’s…

Joseph Dube, 40, is not a gym rat.”I went to art school,” he told Business Insider. “‘Buff’ is not a superlative I would give myself.”Despite this, Dube recently braved the gym for a bootcamp-style HITT class with his coworkers at NY-based investing firm KraneShares. By the time he was done rotating through the 45-second stations, he was shaking. He said he was sore for days after but enjoyed the experience and learned more about his colleagues.”Even after we were done and everyone was out of breath and tired, then we just hung out and got the protein drinks,” he said,…

Yasser Salem is not the sort of guy you’d expect to drop everything to get a socialist elected. When we met, he wore a white button-down, a tweed sport coat, and a baseball cap with a camouflage American flag on it that said “Husband, Daddy, Protector, Hero.”There’s no irony in his choice of hat. A McKinsey and Saudi Public Investment Fund alum who ran his own investment firm, the 43-year-old father of five is a fan of Ayn Rand and her brand of free-market individualism.Salem is now selling Zohran Mamdani’s democratic socialist vision in New York City’s boardrooms. In September,…

Michael Burry is back with a bang.The investor of “The Big Short” fame posted on X for the first time since April 2023 on Thursday. He shared a still from the movie of actor Christian Bale, who portrayed Burry, staring at a computer screen in disbelief.”Sometimes, we see bubbles,” he wrote. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”That’s a reference to the 1983 movie “WarGames,” in which an AI runs thousands of simulations of nuclear exchanges between the US and Soviet Union and discovers they all end in mutual destruction.…

Goldman Sachs CEO David Solomon said that “candidly,” the bank still has work to do when it comes to gender diversity.When asked about the percentage of employees at the bank — which came under scrutiny last year for a dearth of women at the top — Solomon said they’d taken at least some steps in the right direction.”We’ve made a bunch of progress, especially in the senior ranks, but candidly not enough, and we continue to be focused on creating opportunities,” Solomon said at the Economic Club of Washington on Thursday. He added that it’s a “long, long road” to…

Supporters of President Trump clash with police and security forces as they push barricades to storm the U.S. Capitol in Washington, D.C on January 6, 2021. Roberto Schmidt/AFP via Getty Images hide caption toggle caption Roberto Schmidt/AFP via Getty Images A federal judge has sentenced a man to time served for making a hoax threat near the D.C. residence of former President Barack Obama two years ago, prompting a massive law enforcement response that included a bomb squad and sniffer dogs. Taylor Taranto, of Pasco, Wash., spent 22 months in the troubled D.C. jail facility while he waited for trial…

Next Tuesday’s off-year election is likely to see far lower turnout at the polls than during last November’s presidential contest, but voters will nevertheless be asked to weigh in on ballot referendums and questions concerning an estimated total of $3.1 billion in potential tax hikes in 20 states, according to a ballot guide released Thursday by the National Taxpayers Union.The NTU noted that in total, voters will cast ballots on 13 statewide measures and 911 local measures ranging from higher property and sales taxes to new local levies and bond issuances. “These ballot measures may not generate the same headlines…