03:57 PM EDT, 06/04/2024 (MT Newswires) -- Marcus & Millichap's ( MMI ) Institutional Property Advisors division said Tuesday it brokered the sale of the 156-unit multifamily property AVA North Hollywood in Los Angeles for $62.1 million to Prime Residential. IPA represented the seller, AvalonBay Communities, the company said. Shares of Marcus & Millichap ( MMI ) fell 2.7% in...

03:32 PM EDT, 06/04/2024 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher. In economic news, Redbook US same-store sales growth slowed to 5.8% from a year earlier during the week ended June 1 from a 6.3%...

June 4 (Reuters) - Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia's ( NVDA ) hardware this year, CEO Elon Musk said in a post on X on Tuesday. Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend....

NEW YORK, June 4 (Reuters) - Viswas Raghavan joined Citigroup ( C/PN ) as its new head of banking this week in New York, the lender said on Tuesday, after it hired the former head of investment banking from JPMorgan earlier this year. Citi's CEO Jane Fraser has expressed high hopes for Raghavan, who climbed JPMorgan's ranks from capital markets,...