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Ballast Rock Asset Management has appointed Michael Welch as head of investor relations and capital formation, creating a new senior role as the alternative investment manager looks to expand fundraising across its real estate, private credit, venture capital and private equity strategies.
The post Ballast Rock hires PPM America's Michael Welch to lead investor relations and capital formation appeared first on AltAssets Private Equity News.
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The conflict between the U.S. and Iran is driving mortgage rates up, adding hundreds of dollars a month in extra costs for prospective home buyers.
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Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.
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US home prices hit an all-time high as sales slow and mortgage rates rise AP NewsJune home sales disappoint as prices reach an all-time high CNBCUS NAR: EXISTING HOMES FOR SALE LISTED AVERAGE OF 28 DAYS IN JUNE VS. 29 DAYS IN MAY; 27 DAYS IN JUNE 2025 TradingViewUS Existing Home Sales Dip as Affordability Concerns Linger Bloomberg.com
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Workers keep leaving the US labor force. Experts can't agree why USA TodayJob seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era CNBCU.S. Snaps Hiring Hot Streak With Only 57,000 Jobs Added in June WSJOpinion | Look Past the Jobs Numbers: Three Ways Trump Is Strangling the Economy The New York Times
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The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.
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OpenAI recently announced the first of its B2B product portfolio, ChatGPT Enterprise, arguably the most significant upgrade to the generative AI (genAI) platform since it launched last November.
The Enterprise version aims to address two major concerns users have had with the cloud-based AI service: What happens to corporate data that's used to customize it for specific business purposes, and how can that data be secured. The new ChatGPT offering increases security and privacy through encryption and single sign-on for enterprise authentication.
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