Banks are checking back into the hotel business. J.P. Morgan Chase & Co., Deutsche Bank AG and other firms are ramping up lending for lodging acquisitions and debt refinancing to levels not seen since before the financial crisis. Lenders made $31 billion in hotel loans last year, nearly double the 2012 level, according to the Mortgage Bankers Association, while all commercial-property lending rose 47%.
Four years ago, two 20-something Stanford math graduates set out to make stock-trading free with a sleekly designed app that would let anyone invest without paying fees. The Robinhood app has soared in popularity among millennials, amassing more than two...
Mattress seller Casper, in deal with Target, is latest to turn to physical stores
Casper Sleep Inc. rattled the mattress industry with a bed-in-a-box that is sold only online, shipped free and comes with a 100-night guarantee. But after three years of robust sales as it lured customers through Facebook ads and podcast sponsorships, Casper is finding it can no longer shun the storefront.