
Erik Sherman
Biz/econ/finance/tech/politics writer. Art, food, craft. Pitches: query at eriksherman dot com. DMs open. Cranky is as cranky does and I do often.
Articles
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1 day ago |
globest.com | Erik Sherman
Bonside, Inc., a company that has focused on financing for small-to-medium retail operators for a few years, is taking a step across the divide to work with landlords. Where once the company helped retailers afford new brick-and-mortar locations, they’re now looking to develop services for the property net lease owners, like providing insight into a potential tenant’s financials. From the beginning, offering potential financing meant getting information from the retailers.
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1 day ago |
globest.com | Erik Sherman
The current financing conditions in CRE offer challenges for borrowers. Many developers and owners have faced hurdles in refinancing because of interest rate increases. That’s led to tangled and complex financial structures to make deals work and keep them efficient.
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1 day ago |
globest.com | Erik Sherman
The May Beige Book from the Federal Reserve has revealed a troubling sign: “economic activity has declined slightly since the previous report,” due to “elevated levels of economic and policy uncertainty.” Half a dozen of the Fed’s districts saw slight to moderate declines in activity; three saw no change; and three reported slight growth.
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2 days ago |
forbes.com | Erik Sherman
CANNES, FRANCE - JUNE 19: Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in ... More Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. (Photo by Marc Piasecki/Getty Images)Getty ImagesA practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that private capital markets are putting on its shares.
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2 days ago |
globest.com | Erik Sherman
President Trump has raised the tariffs on steel and aluminum to 50%, from the previous level of 25%. They went into effect this week and will continue “unless such actions are expressly reduced, modified, or terminated," according to a statement from The White House. Imports from the U.K. still come under the 25% tariff levels, with the potential of changes “depending on the status of the U.S.–UK Economic Prosperity Deal.” The claimed reason for the increase was national security.
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There is nothing that could reasonably and realistically called a state of war. US law allows for people to present themselves and ask for asylum. Habeas corpus is a vital right afforded to everyone, citizen or not, by the Constitution and a suspension is a threat to all.

Rep. Michael McCaul on Stephen Miller threatening to suspend habeas corpus: "The courts are gonna decide this one as to whether this invasion in fact constitutes what would be a state of war. Some would say it would." https://t.co/IyvIa8VQCS

Well, there's a negotiation strategy for you. I'm sure it will have the same staying power as never delaying tariffs.

Q: "Is that 10% tariff kind of a baseline?" Lutnick: "Yes. We will not go below 10%." https://t.co/1Ci6HStCo1

Now waiting for a government edict that audits aren't necessary and should be banned.

Trump Media & Technology Group showed “material weakness” in internal controls over financial reporting, raising risks of misstatements, the firm’s latest quarterly result showed. https://t.co/tzJTLFVoLr