ValueAct Capital co-founder 58, Jeff Ubben, told the Financial Times that he is resigning from the investment fund he co-founded about two decades ago in San Francisco. “ ‘The finances are already done. Everyone has bought from everyone else with low-cost debt. Everyone has maximized their margin. They have bought …
Read More »New home sales increased in May as buyers scrambled to find properties to buy.
The numbers: Sales of newly built single-family homes occurred at a seasonally adjusted annual rate of 676,000 in May, the government reported Tuesday. That represented a 16.6% increase from the revised downward pace of 580,000 in April. Compared to the previous year, new home sales increased 12.7% in May. Analysts …
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