The Traderszone Network

The index fell more than 1.5 percent Thursday, erasing its post-U.S. election gains.

Image source: Pure Storage.

Shares of Pure Storage (NYSE: PSTG) dropped on Thursday despite a third-quarter report that beat analyst expectations. A broad tech-stock sell-off may be contributing, although Pure Storage stock has been volatile since the company went public last year. At 3 p.m. EST, the stock was down about 10%.

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A trio of investors led by Avery Hall Investments bought a development site from Brooklyn Law School for $76.5 million at One Boerum Place, where they plan to develop a 160,000-square-foot mixed-use building. The deal comes at a time when investors and lenders are weary about getting into new development projects, especially in place like Downtown Brooklyn where a huge supply of new rental product is coming online.

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RealtyShares announced on Thursday a total of  $5,144,000 has been raised through its real estate crowdfunding marketplace for the acquisition and development of four free-standing triple net (NNN) leased quick service restaurants in Nashville, Tennessee. According to RealtyShares, the tenants, which includes three Checkers and… Read More

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Carrier still plans to move roughly 1,300 other jobs to Mexico and close another facility in the state.

Roundup on the US autosales numbers
– Wards domestic sales 13.85m vs 14.0m exp
– Prior was 14.05m
– Total sales 17.75m pace vs 17.91m prior
– GM and Ford beat estimates, Chrysler missed
The New York Fed had an interesting report yesterday on the rising delinquency rates for car loans.

International Business Machines Corp. and Pfizer Inc. have announced a partnership to accelerate immuno-oncology research.