Sparse supply, soaring prices for first-time home buyers in Q2

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Sparse supply, soaring prices for first-time home buyers in Q2

By Elizabeth Renter | NerdWallet. It’s unsettling when skyrocketing home prices and a meager supply of listings are so prevalent you come to expect — and accept — them with resignation. In the second quarter, once again, buying a home was increasingly …
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Marriott reports a jump in lodging demand as tourism recovers.

Marriott International’s sales more than doubled in the second quarter from a year ago, the latest sign of the recovery in the hospitality industry. Revenue rose to $3.15 billion in the three months through June, the company said on Tuesday, from $1.5 billion in …
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KKR Crushes Fundraising Record With a $59 Billion Quarter

KKR & Co. gathered a record amount of money in the second quarter, helping the alternative asset manager inch closer to its capital-raising target as demand surges among yield-hungry investors. The firm raked in about $59 billion in the three months ended …
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PepsiCo to Sell Tropicana, Naked and Other Juice Brands for $3.3 Billion

PAI Partners, a French private equity firm, is buying the brands and giving PepsiCo a 39% stake in a joint venture. Next. link.
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Eli Lilly Earnings Missed Expectations. Why the Stock Is Soaring.

All told, Lilly’s second-quarter revenue jumped 23% to $6.7 billion. That’s slightly better than the $6.6 billion consensus forecast among analysts tallied at Sentieo.com. The Indianapolis-based company enjoyed strong volume growth.
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