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Banking, Business, Investing

“J.P. Morgan Acquires Forest And Timberland Investment Firm”

“This week, J.P. Morgan Asset Management announced that its $168 billion Global Alternatives division has acquired forest management and timberland investment firm Campbell Global, LLC.  Price and other terms of the deal with Campbell Global’s parent company, $140 billion asset manager BrightSphere Investment Group, were not… Continue Reading…

Economy

“Lumber prices dive more than 40% in June, biggest monthly drop on record”

“After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back… Continue Reading…

Economy

“Gas, Food, Lumber, Homes: More and More Expensive”

“Used cars, homes, lumber, gas and chicken: What do they all have in common? They’re all getting more expensive. The stimulus-fueled economy is rebounding and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain… Continue Reading…

Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… Continue Reading…