• Dec 03, 2024

Ashford Hospitality Trust Raises $180M Through Preferred Stock

Ashford Hospitality ( (AHT) ) just unveiled an update. Ashford Hospitality Trust announced its successful non-traded preferred stock offering, set to close on March 31, 2025, raising about $180 million since its 2022 launch. This significant capital boost comes amid challenging market conditions, demonstrating the company’s strengthened financial position and resilience. As a real estate investment trust, Ashford focuses on investing in upscale, full-service hotels, leveraging this offering to e

  • Dec 03, 2024

ArcBest Faces Revenue Decline Amid Market Challenges

ArcBest ( (ARCB) ) just unveiled an update. ArcBest’s recent financial update reveals a challenging landscape marked by a decrease in billed revenue and shipments due to weak industrial production and a shift in LTL shipments to the truckload market. Despite these hurdles, LTL pricing remains stable, and revenue per hundredweight is slightly up excluding fuel surcharges. The asset-light segment faces reduced demand and softer freight market conditions, leading to an anticipated operating loss. A

  • Dec 03, 2024

Private Equity Stocks Are Hot Among Family Offices — Here Are 2 Names That Wall Street Likes

Love them or loathe them, the ultrawealthy share one undeniable trait: they are remarkably disciplined with their money. The novelist Herman Wouk put it best, in his book Don’t Stop the Carnival, saying of the wealthy Lester Atlas, “He acted on a clear hard rule: never part unnecessarily with a dollar.” Today’s high-net-worth individuals live by that principle, often relying on family offices –specialized private money management firms – to safeguard and grow their wealth. These family offices s

  • Dec 03, 2024

UAE's Abu Dhabi sets out measures to help business get away from oil

Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its economy away from oil. The oil-rich city emirate, which holds more than 90% of the UAE's oil reserves, announced a centralised business registry authority - the Abu Dhabi Registration Authority (ADRA) - that will be the single point for business registration, a statement said. In common with other oil exporters in the region, Abu Dhabi has accelerated efforts to diversify into sectors including tourism, logistics, manufacturing and industry, to seek future economic growth as the world pursues efforts to wean itself off fossil fuels.