PE firms hold $2.9 trillion in unsold assets
US jobless claims fell to a 3-month low, Mortgage rates rose for the third straight week, The tech industry has seen over 130,000 job cuts, and More.
October 21, 2024
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US jobless claims fell to a 3-month low, Mortgage rates rose for the third straight week, The tech industry has seen over 130,000 job cuts, and More.
The US economy added 254,000 nonfarm payroll jobs, Brooklyn home prices rose 2.6%, Space startups raised $1.9 billion in Q3, and More…
US consumer spending increased by 0.2% in August, Austin’s office vacancy rate rose to 22.9%, Poolside raised $500 million in Series B funding, and More.
The US economy grew at a 3% rate in the 2nd quarter, The S&P builder index rose 57% in 12 months, The tech sector has seen 60,000 layoffs in 2024, and More.
The Federal Reserve cut its rate by 0.5%, Mortgage rates dropped to 6.09%, Germany invested €12 billion in startups, and More.
US consumer prices rose 0.2% in August, Seattle’s office vacancy rate reached 23.2%, Oura acquired metabolic health startup Veri, and More.
The US dollar has dropped 5% from its 2024 highs, The total value of US homes hit $49.6 trillion, Salesforce announced plans to acquire startup Own, and More.
US GDP grew 3.0% in Q2, US home prices grew 5.4% annually in June, Menlo Ventures and Anthropic launched Anthology, and More.
Canada’s annual inflation rate slowed to 2.5%, US housing market inventory grew 20%, Blue Origin faced two serious rocket incidents, and More.
Bank of America no longer predicts a US recession, 30-year-fixed mortgage rates dropped to 6.69%, Revolut reached a $45 billion valuation, and More.
Americans now owe $1.14 trillion on credit cards, Columbus became the #1 real estate market, Savvy Wealth closed its Series A at $26.5 million, and More.
The US unemployment rate increased to 4.3% in July, Hampton, NH, property values rose 53%, Contextual AI raised $80 million in a Series, and More.
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Disclaimer: The authors of Alt Assets, Inc. are not finance or tax professionals. They are self-taught accredited investors, sharing information, research, and lessons learned. The published content is unique, based on certain assumptions and market conditions at the time of publishing and is intended to serve solely as research, not financial advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several or all of the alternative asset classes that Alt Assets, Inc. publishes content on its site. Any published articles on Alt Assets, Inc. that an alternative asset has a “buy”, “pass”, “overvalued” or “undervalued” designation does not factor into the asset classes that the Fund through its manager ultimately invests in, and thus, any of the Fund’s investments that have positive designations on the Alt Assets, Inc.’s site are purely coincidental as the Fund is actively managed and guided by its own investment parameters as summarized in the relevant private placement memorandum.