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Japan to Require Real Estate Buyers to Reveal Nationality

Japan plans to require individuals to reveal their nationality when acquiring real estate, the Justice Minister announced Tuesday, after rising prices led to concerns that foreign speculation was putting homes out of reach of citizens.

Japan plans to require individuals to reveal their nationality when acquiring real estate, the Justice Minister announced Tuesday, after rising prices led to concerns that foreign speculation was putting homes out of reach of citizens.
Bloomberg Politics • Dec 16, 8:09 AM
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Kering to Get $690 Million From NY Property Stake Sale to Ardian

Gucci owner Kering SA will get $690 million following its sale of a stake in a New York property to French investment fund Ardian as part of the fashion group’s efforts to shrink its debt.

Gucci owner Kering SA will get $690 million following its sale of a stake in a New York property to French investment fund Ardian as part of the fashion group’s efforts to shrink its debt.
Bloomberg Markets • Dec 16, 7:58 AM
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NYC Faces Real Estate ‘Red Tape': McKissack Daniel

Cheryl McKissack Daniel, President and CEO of McKissack and McKissack, says construction in New York City has long been weighed down by red tape.

Cheryl McKissack Daniel, President and CEO of McKissack and McKissack, says construction in New York City has long been weighed down by red tape. She tells Romaine Bostick and Katie Greifeld on “The Close” that the firm is in talks with the city’s new mayor and says the administration understands what needs to change. (Source: Bloomberg)
Bloomberg Markets • Dec 15, 11:29 PM
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Sweden’s Big Banks Join Government Drive to Tackle Hybrid Threat

Sweden’s biggest commercial banks are among 13 financial companies taking part in a new government-run initiative to better protect the country from threats of hybrid warfare such as cyberattacks.

Sweden’s biggest commercial banks are among 13 financial companies taking part in a new government-run initiative to better protect the country from threats of hybrid warfare such as cyberattacks.
Bloomberg Markets • Dec 15, 12:38 PM
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Serhant on NY Real Estate, New Season of "Owning Manhattan"

Ryan Serhant, SERHANT CEO, says New York City doesn’t have enough rental supply to meet demand.

Ryan Serhant, SERHANT CEO, says New York City doesn’t have enough rental supply to meet demand. He tells Romaine Bostick and Katie Greifeld on “The Close” that prices are high not because of market forces but because of policy. (Source: Bloomberg)
Bloomberg Markets • Dec 12, 11:57 PM
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Affordability a 2026 Concern: Amalgamated CEO

Priscilla Sims Brown, Amalgamated Bank CEO, says most people agree affordability is a major concern.

Priscilla Sims Brown, Amalgamated Bank CEO, says most people agree affordability is a major concern. She tells Romaine Bostick and Katie Greifeld on “The Close” that the bank is deeply engaged in its Commercial Property Assessed Clean Energy program and that 40% of its lending is climate related. (Source: Bloomberg)
Bloomberg Markets • Dec 12, 11:08 PM
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Manhattan Rents Hit New Highs

Manhattan rents are surging to fresh record highs — even the top tier of the market is ripping, with luxury leases jumping nearly 18% year-over-year.

Manhattan rents are surging to fresh record highs — even the top tier of the market is ripping, with luxury leases jumping nearly 18% year-over-year. Brown Harris Stevens CEO Bess Freedman joined Bloomberg Open Interest to talk about the state of NYC real estate heading into 2026 and what’s next for buyers and sellers. (Source: Bloomberg)
Bloomberg Markets • Dec 12, 4:55 PM
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New Jersey Declares State of Emergency Over Propane Supply

New Jersey Governor Phil Murphy declared a state of emergency effective Friday over a potential propane shortage for home and commercial heating after a service disruption at a major plant in Pennsylvania.

New Jersey Governor Phil Murphy declared a state of emergency effective Friday over a potential propane shortage for home and commercial heating after a service disruption at a major plant in Pennsylvania.
Bloomberg Politics • Dec 12, 1:55 PM
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Lululemon CEO McDonald Is Stepping Down

Lululemon Athletica Inc.

Lululemon Athletica Inc. said Chief Executive Officer Calvin McDonald is stepping down as the pricey yoga-wear brand looks to reignite growth amid pressure from upstart competition and it founder. Chief Financial Officer Meghan Frank and Chief Commercial Officer AndrĂŠ Maestrini will serve as interim co-CEOs. BTIG Analyst Janine Stichter joins "Bloomberg The Close." (Source: Bloomberg)
Bloomberg Markets • Dec 11, 9:56 PM
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NJ’s Montclair Cuts School Staff and Mulls March Tax-Hike Vote

The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap.

The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap. The commuter town discovered the deficit in July, with a judge recently swatting down a vote aimed at raising property taxes to mitigate the problem. Bloomberg's Erin Hudson talked about the story on "Bloomberg Markets" with Dani Burger. (Source: Bloomberg)
Bloomberg Markets • Dec 11, 7:12 PM
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Disney to invest $1bn into OpenAI

Deal forms part of broader tie-up for media giant’s intellectual property to feature within ChatGPT maker’s products.

Deal forms part of broader tie-up for media giant’s intellectual property to feature within ChatGPT maker’s products
Financial Times • Dec 11, 3:15 PM