Jeff Currie, a chief strategy officer at Carlyle, discussing the Trump administration’s 25 percent tariff on steel and aluminum imports: “It’s going to take two to five years to bring on new supply, and we think the deficits are so large that the persistence of such a large tariff is probably not sustainable. The second thing I’d point out is this: If you think AI is power intensive, aluminum is a whole different world — it is six times more power intensive than AI data centers, so bringing it ...

The U.S. housing crisis has reached a breaking point. A nationwide shortage of more than 4.5 million homes, an aging housing stock and a rising cost of living have added pressure on American families looking to secure stable housing. The barriers to homeownership have also multiplied in recent years. Soaring home prices, mortgage rates and insurance premiums have led to ...

The end of 2024 marked the second year in a row the healthcare sector trailed the S&P 500 Index. While the sector can lag the market from time to time, the degree of underperformance was extremely unusual. For the two-year period through the end of 2024, healthcare fell behind the index by 53 percent, the biggest gap of any rolling two-year period since at least 1991. As a new year gets under way, investors might wonder ...

The wealth management business is confronted by two major issues: technology and demographics. Technologically, the future of wealth management is poised to begin a series of changes that could make it unrecognizable vis-à-vis the early years of this century. Robo-advisers and hybrid models, automated investment platforms, blockchain and tokenization, advanced analytics and predictive modeling, and artificial intelligence all point to a chrome-plated technology race and a new digital-first way of doing business. As summer displaces spring, so too does ...

It is no small irony that Three Mile Island, once a byword for the peril of nuclear energy, now stands poised to symbolize its renaissance. As the New York Times reported in November, nuclear power plants, once the target of fierce opposition, are now coveted for their ability to produce massive amounts of electricity without the emissions that contribute to climate change. A transformation in perception is under way, and with it comes ...

As we look ahead at the ever-evolving real estate landscape, one sector stands out for its remarkable endurance and future promise: senior housing. From the outside, it might appear that senior housing’s momentum is tied primarily to the baby boomer generation, already 75 and soon to be 80. Yet the “boomer wave” is only one chapter of a ...

The die was cast at age 14 for Shannon Spotswood. That is when she came to a momentous decision, rarely heard from the indecisive lips of a teenager: She would pursue a career on Wall Street. She put an exclamation point on that declaration by asking her parents for a subscription to the Wall Street Journal and ...

The multifamily real estate sector presents a particularly interesting opportunity for investors in today’s uncertain economic climate. Current market conditions — characterized by housing shortages, high mortgage rates and market volatility — create an environment for savvy buyers to capitalize on long-term growth, for three key reasons that can potentially ...

We are in the early innings of a clean-energy supercycle. The global energy landscape is rapidly evolving as traditional energy is replaced by innovative, cheaper and more sustainable solutions. The transition to cleaner energy infrastructure could generate more than $10 trillion in global investment opportunities by 2030. These opportunities are ...

The Inland Real Estate Group has published its 2025 commercial real estate outlook, titled Capitalizing on a Generational Opportunity. The report observes that “2025 is poised to reshape the commercial real estate landscape, providing ...

The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems American homeowners rely on to protect themselves from catastrophes. This breakdown is starting to become painfully clear as families and communities struggle to rebuild. But another threat remains less recognized: This collapse could pose a threat to ...

Over the past 20 years, the United States experienced a 25 percent increase in domestic freight volume, driven by economic and population growth, as well as the rise of ecommerce, which has empowered consumers to expect choice and speed in delivery. This dynamic has fueled a 35 percent expansion of the nation’s logistics inventory since 2003. For the supply chain to function optimally, infrastructure improvements are essential to ...

For those of you who were waiting for the bell to go off signaling the real estate markets finally have hit bottom, you may not have been listening carefully enough. At our third quarter NFI-ODCE update webinar this past December, Garrett Zdolshek, CIO and portfolio manager for Accordant Investments and IDR Investment Management, noted that recent property sales transactions executed by NCREIF Fund Index – Open End Diversified Core Equity fund managers have all (for the most part) closed at or above their carrying values.

I recently spoke with Jonathan Roth, founder of ResourceWars.com and a veteran of capital markets, who highlighted an increasingly urgent issue: the Arctic. As polar ice caps melt, new opportunities — and risks — are emerging in this increasingly contested region. Nations such as the United States, Russia and China are jockeying for influence, not only to access the Arctic’s vast natural resources but also to ...

Capitalism, communism and socialism are the world’s three major economic systems. While the phrase “economic system” may seem like a yawn, countless people have fought and died in major wars over which one should dominate.

With shelter costs a growing issue across the country, construction of affordable multifamily housing is an increasingly important component of the nation’s housing stock. Completions of affordable multifamily (defined as properties that agree to limit rents as a condition of a tax credit or subsidy) are set to reach a multi-year high of ...

What is happening on the M&A front among private equity firms? The buy-and-build strategy continues to dominate in the middle market among private equity firms. By acquiring smaller add-ons (buy smaller companies to merge with existing portfolio companies) at lower multiples and later exiting the larger platform at higher valuations, these firms capitalize on ...