The CRED iQ delinquency rate for CMBS rose higher during the August 2022 remittance period. This was the first month-over-month increase in over two years. The delinquency rate, equal to the percentage of all delinquent specially serviced loans and delinquent non-specially serviced loans was 3.
Snap Inc said on Wednesday it will lay off 20% of all staff and shut down projects, including mobile games and novelties like a flying drone camera, as high inflation and a deteriorating economy continue to ravage the advertising industry.
Andrew Chen, a general partner at Andreessen Horowitz, was waiting outside The Bungalow, a bar in Santa Monica, Calif., before heading to an after-party when he noticed that his colleague Connie Chan had her head buried in her phone.