Stay Updated with the Latest Independence Realty Trust, Inc. IRT News in Real Time
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Realty Income Jumps on €528M KKR European Deal; Meyka Grades O a B
Realty Income partners with KKR on €528M European real estate deal. AFFO guidance raised to €4.44-€4.45 per share. Meyka grades O a B with 5.7% dividend yield.
Converse Apologizes for Ads Compared to KKK and Lynching Imagery
Converse apologized after ads featuring K-pop star Karina and a Palmes collaboration drew KKK and lynching comparisons online. The company removed the images and pledged to do better.
Billionaire Portelli Flees Australia for Dubai Over Tax Crackdown
Billionaire Adrian Portelli moves to Dubai, citing Australia’s harsh tax settings and regulatory burden. He warns the country is chasing away success and driving out entrepreneurs.
ATO Tax Prosecutions Jump 80% as $2.7M in Fines Handed Down, September 18
ATO prosecutions for tax evasion surge 80% with $2.7 million in fines. Over 350 individuals and businesses convicted in shadow economy crackdown targeting non-lodgers and cash-in-hand workers.
Diddy’s Lawyers Quit $100M Case Over Six Months of Unpaid Fees
Sean Combs’ civil attorneys withdraw from $100M defamation case, alleging six months of unpaid fees and lack of cooperation. Combs disputes the charges.
Fed Raises Rates to 3.75%-4%, DAX Climbs 0.7% on Rate Decision
Fed raises rates to 3.75%-4% for first time since 2023. DAX gains 0.7% to 25,705 points. One more hike expected by year-end as central bank fights inflation.
Fed Raises Rates to 3.75%-4% for First Time Since 2023; Trump Demands 1%
The Federal Reserve raised interest rates to 3.75%-4% on September 16, 2026, the first hike since July 2023. Fed Chair Kevin Warsh cited elevated inflation and a strong economy. President Trump demanded rates be cut to 1% or lower.
Gina Rinehart Becomes Top Shareholder in Son’s Copper Explorer, September 17
Gina Rinehart’s Hancock Prospecting invests AU$8.7 million for 13.5% of White Cliff Minerals, overtaking her estranged son John Hancock as top shareholder. WCN stock surged 17.7% on the news.
China Accuses US AI Firms of ‘Coordinated Play’ to Block Competition, September 15
China accuses Anthropic, OpenAI, and SpaceX of coordinated efforts to slow AI development and block Chinese competition. Beijing released its own AI safety framework on September 14.