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Trump offers support for dockworkers union by saying ports shouldn’t install more automated systems
Keion White Urges Patriots to Make Changes After Chargers Loss: 'What Are We Doing?'
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Count me among the many who have carefully observed Donald Trump’s first days as president-elect for hints about what his presidency will be like. It’s odd that this question is still on the table after Trump’s near-decade close to the center of American political life and his four years in the White House. And during the campaign, Trump didn’t mince words about his plans for a second administration. He was elected in 2016 as a disruptor, and his reelection in 2024 implies that Americans are amenable to more disruption. The most prominent watchwords of his campaign suggest that Trump will give them what they seem to want: mass deportation, massive tariffs, close the border, abolish Obamacare, the end of woke, America First and, most ominous, retribution. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Constricted Pipeline for New Deliveries Means No New Wave to Maintain Equilibrium , /PRNewswire/ -- A widening supply and demand imbalance for apartments across the U.S. will drive national annual year-over-year (YOY) Class A multifamily rent growth up 2.4% by , with rates in markets such as , , , , , and increasing between 4.0% and 5.7%. In its , proprietary suite of machine learning models, is also forecasting YOY Class A rent growth gains in the West, Northeast and Southeast regions of the country at or above the 3% historical national average. The Southwest region is an outlier where YOY rent growth is predicted to be only 0.2%. "We're seeing record delivery of new product, the result of unprecedented new development that broke ground three plus years ago, when interest rates were at their lowest," said , co-CEO, Origin Investments. "But that tremendous wave of deliveries isn't being replaced. In the absence of the next wave, I see a world where rents continue escalating in the next one, two, three and maybe even four years." In the Multilytics report, Origin's five-year compounded annual growth rate (CAGR) for rents in the 15 cities where it invests and/or owns and manages multifamily assets all are greater than 4.0%, and ranges from 4.2% in to 5.7% in . Newmark projects the number of expected deliveries in 2024 to be approximately 600,000. However, the pipeline of deliveries is expected to fall precipitously, by 15.2% in 2025 and 53.8% in 2026. Demand for units, especially in growth markets around the country, isn't expected to change, with absorption keeping pace with mew deliveries. At the market level, Origin is predicting rent growth in 15 targeted markets where the firm continues to evaluate future potential developments or acquisitions. According to Multilytics, by all but three of Origin's target markets will return to positive growth, with , and lingering in the negative. However, by , all markets will return to positive territory, with seven markets topping 4% and six increasing by at least 3%. Two markets will have rent growth from 1.5% to 2.0%. The Origin markets experiencing the greatest YOY annual rent growth for Class A apartments are , 5.6%; , 5.6%; , 4.6%; , 4.4%; and , 4.4%. The two markets with rent growth lower than 2% are , 1.7% and , 1.6%. In other significant national and regional markets across the country, Origin projects that YOY Class A apartment growth will exceed 4.0% in (4.3%) and (4.4%); meet or exceed 3.0% in (3.0%), (3.0%) and (3.1%), and exceed 2.5% in (2.6%) and (2.8%). Multifamily market dynamics will produce a sharp contrast in YOY rent growth among some markets between and . In , for example, YOY rent growth in is projected at -2.6%, but in it is projected to increase to 1.6%. Other markets with significant discrepancies include , at -2.1% rent growth in mid-2025 but projected at 1.7% by . , too, will have a nice turnaround, from -0.4% at mid-year to 3.1% by . According to the Origin report, three of the top five market reporting the most dramatic contrasts are in : , 4.2%; , 3.4%; and , 3.3%. In , the contrast from mid-year 2025 to the beginning of 2026 was only 1.0%. "From an investment perspective, I believe we are at the beginning of a pretty significant bull cycle for rents," Scherer said. "At this point, it will take an exogenous shock to bring it back on the supply side." , Data Scientist, Origin Investments, identified a deep recession and meaningful decline in homeownership costs as two exogenous shocks that could significantly alter the record pace of absorption. In a recession, household formation would fall because instead of renting an apartment, individuals tend to move back home or take on one or more roommates who otherwise would be renting apartments themselves. He also noted markets where it could be as much as 40% to 50% more expensive to buy than rent. "The combination of a pricing reset and a significant reduction in mortgage rates isn't likely to occur quickly enough to make a meaningful difference in the cost of renting versus buying," he said. "As a result, we are increasingly becoming a nation of renters." Last year, for a return to normalized rent growth was tempered by looming unquantifiable market risks. Despite a changed landscape, and in the presence of a transitioning political picture, unquantifiable risks remain a concern. The Origin report says it's too early to predict what a new administration will do in 2025 and beyond. President-elect proposals to increase tariffs are likely to lead to higher interest rates and rising inflation. Other proposals could spur job creation. His goal to keep interest rates low to may be hampered by higher material costs, which could make new construction deals more difficult. Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds. We build, buy and finance multifamily real estate projects in fast-growing markets throughout the U.S. In 2023, we founded affiliate firm Origin Credit Advisers, an SEC-registered investment adviser that provides yield-focused multifamily debt investments for qualified purchasers. SEC registration does not constitute an endorsement by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Through our Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets. To learn more, visit . View original content to download multimedia: SOURCE Origin Investments
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Ares Management ARES has outperformed the market over the past 5 years by 26.55% on an annualized basis producing an average annual return of 40.14%. Currently, Ares Management has a market capitalization of $36.89 billion. Buying $1000 In ARES: If an investor had bought $1000 of ARES stock 5 years ago, it would be worth $5,424.16 today based on a price of $182.74 for ARES at the time of writing. Ares Management's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Cavaliers managed only 173 total yards, but chose not to play backup QB Tony Muskett, who had a credible relief effort in a loss to Notre Dame in the previous game. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Underground fire causes partial parking lot collapse near Williamsburg Premium Outlets Underground fire causes partial parking lot collapse near Williamsburg Premium Outlets 2 injured after vehicle failed to stop at Suffolk railroad crossing, police say 2 injured after vehicle failed to stop at Suffolk railroad crossing, police say 757Teamz football live scoreboard: Indian River visits Green Run, Maury hosts Warwick in region semifinals 757Teamz football live scoreboard: Indian River visits Green Run, Maury hosts Warwick in region semifinals Meet the Fort Monroe Authority’s new CEO Meet the Fort Monroe Authority’s new CEO Army-Navy 2024: Navy specialty uniforms to honor Jolly Rogers aviation squadron Army-Navy 2024: Navy specialty uniforms to honor Jolly Rogers aviation squadron Virginia live election results Virginia live election results Bike shop in Midtown Row rebrands, coffee shops celebrate and more business news from the Historic Triangle Bike shop in Midtown Row rebrands, coffee shops celebrate and more business news from the Historic Triangle Feeding with love: Williamsburg area’s 1st free grocery market opens in Grove community Feeding with love: Williamsburg area's 1st free grocery market opens in Grove community Here’s what development around the Virginia Beach Convention Center could look like Here’s what development around the Virginia Beach Convention Center could look like New, old owners agree: NYC businessman’s push to save SS United States is too late New, old owners agree: NYC businessman’s push to save SS United States is too late Trending Nationally Series of racist text messages referencing slavery sent to New York state students, police say Netflix’s “Who Killed JonBenét Ramsey?” takes on Boulder murder in three parts Here’s how Orlando International Airport hopes to solve baggage delays A kayaker faked his own death and fled overseas. Now he’s telling how he did it Percival Everett, 2024 National Book Award winner, rereads one book oftenBill Belichick hired by UNC: Here's why legendary coach's return to the NFL is still possible
By JOSH BOAK WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles National Politics | Will Kamala Harris run for California governor in 2026? The question is already swirling National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump extends unprecedented invites to China’s Xi and other world leaders for his inauguration National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November’s election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”NBA hand out suspensions after fracas in PhoenixSolana Struggles While This New Altcoin Gains Ground in Bullish Market Trends
Boeing is resuming production of its bestselling plane, the 737 Max , for the first time since 33,000 workers began a seven-week strike that ended in early November. The company said Tuesday that plane-building resumed at its plant in Renton, Washington , after going through a process of training workers and identifying and fixing potential problems. Boeing shares rose 4.5%, their best single-day percentage gain in nearly four months. Production and deliveries of Max jets and another airline plane, the 787 Dreamliner, have been stopped several times in recent years to fix manufacturing flaws. “Our team has worked methodically to restart factory operations in the Pacific Northwest . We have now resumed 737 production in our Renton factory, with our Everett (Washington) programs on plan to follow in the days ahead," the company said in a statement. Boeing builds its 777 and 767 jets in Everett, north of Seattle. Separately, the company said it took orders for 49 planes in November but lost an order by U.K. carrier TUI for 14 Max jets. It delivered 13 planes, down from 56 a year earlier. Ever since a panel called a door plug blew off a Max operated by Alaska Airlines in January, the Federal Aviation Administration has capped Boeing’s production of Max jets to 38 per month. Boeing hopes to convince regulators that it has corrected quality and safety issues and can raise that number to 56 planes per month. Boeing has been losing money since 2019, after two Max jets crashed, killing 346 people. It needs the cash it earns from delivering new planes to begin digging out of a deep financial hole. New CEO Kelly Ortberg has announced plans to lay off about 17,000 workers and sell new stock to raise cash and prevent the company’s credit rating from sliding into junk status.$1000 Invested In Ares Management 5 Years Ago Would Be Worth This Much Today
After working together in the “Cyberpunk 2077” game, actors Keanu Reeves and Idris Elba are re-teaming on screen together as voices in the third “Sonic the Hedgehog” film opening in December. Elba played the role of Knuckles in the second film and scored his own “Knuckles” spin-off series earlier this year. Reeves joins the fray as Shadow with the new film. Speaking with , the actors themselves confirmed their interest in continued collaborations with Elba suggesting “Shadow Knuckles” as a title for a new team-up project to which Reeves responds: “No, Knuckles and Shadow” and Elba says back: “Shadow Knuckles sounds like a band.” Elba was also asked if “Knuckles” Season 2 or “Sonic the Hedgehog 4” would be Elba’s next work in the franchise, he says: “Oh, wow, is there a Sonic 4? You know more than me, my guy. I would say I’d love to do it. Any chance to understand the characters a little bit more, in the different episodes ... If [the filmmakers are] in, I’m down.” “Sonic the Hedgehog 3” opens in cinemas on December 20th with the film reportedly on track for a $55 million opening weekend domestically.By Erin Banco WASHINGTON (Reuters) - The Biden administration has urged the rebel group that led the ouster of Syrian President Bashar al-Assad not to assume automatic leadership of the country but instead run an inclusive process to form a transitional government, according to two U.S. officials and a congressional aide briefed on the first U.S. contacts with the group. The communications with Hayat Tahrir al-Sham (HTS), a group formerly allied with al Qaeda and designated a terrorist organization by the United States, are being conducted in coordination with Washington's Middle East allies, including Turkey. The administration is also in touch with President-elect Donald Trump's team about the matter, one of the officials said. The discussions, which have taken place over the last several days, are part of a larger effort by Washington to coordinate with various groups inside Syria as it tries to navigate the chaotic aftermath of the sudden collapse of the Assad regime on Sunday. The official, speaking on condition of anonymity, said the U.S. has sent messages to the group to help guide early efforts to establish a formal governing structure for the country. The sources declined to say whether the messages were being sent directly or via an intermediary. Washington believes the transitional government should represent the desires of the Syrian people and would not support HTS taking control without a formal process to select new leaders, the officials said. The U.S. National Security Council declined to comment. TERRORIST DESIGNATION The United States in 2013 designated HTS leader Ahmed al-Sharaa, better known as Abu Mohammed al-Golani, a terrorist, saying al Qaeda in Iraq had tasked him with overthrowing Assad's rule and establishing Islamic sharia law in Syria. It said the Nusra Front, the predecessor of HTS, carried out suicide attacks that killed civilians and espoused a violent sectarian vision. The official said the administration is not clear about Golani's role in a future Syrian government - or whether he still holds extremist ideologies. U.S. Secretary of State Antony Blinken laid out on Tuesday criteria for Syria's political transition, saying Washington would recognize a future Syrian government that amounts to a credible, inclusive and non-sectarian governing body. Some lawmakers on Capitol Hill are pushing the administration to consider lifting U.S. sanctions on Syria, including sanctions specifically related to HTS, in exchange for the group meeting certain U.S. demands, the congressional aide told Reuters. The aide said there is a growing feeling among some members of Congress that the U.S. will need to help a transitional government in Syria connect to the global economy and rebuild the country. Sanctions are preventing that from happening, the aide said. Washington is also in communication with HTS and other actors on the ground about battlefield operations, one of the officials said. Senior U.S. officials have repeatedly said they intend to continue military operations in northeastern Syria against ISIS, to ensure the radical extremist group does not become a threat again, given the current power vacuum in the country. U.S. forces in Syria will also continue to prevent Iranian-backed proxy groups from gaining ground, one of the officials said. (Reporting by Erin Banco; Editing by Humeyra Pamuk and Rod Nickel)
Trump offers support for dockworkers union by saying ports shouldn’t install more automated systems