Barry Sternlicht

Starwood Capital CEO Barry Sternlicht is the latest billionaire investor to sound alarms over the AI gold rush, warning that the rapid expansion of data centers and artificial intelligence (AI) could come with unsettling economic and social costs. ‘Terrifying’ For The People Speaking on...

Barry Sternlicht, the CEO of Starwood Capital Group, expressed his concern about the U.S. real estate market and its potential impact on regional banks. Sternlicht predicts that the struggling real estate industry could result in a bank failure every week. What Happened: Sternlicht, a billionaire...

Billionaire Barry Sternlicht says the banking system remains under pressure and the economy is headed for not just a hard landing, but a crash landing.  What To Know: Following the Federal Reserve's ninth straight interest rate hike, Sternlicht, co-founder,...

Another 3D printing company could be going public via a SPAC merger with a rumor coming late in Wednesday’s trading session. What Happened: Velo3D, which makes 3D metal printers, is in talks to go public with Jaws Spitfire Acquisition Corp (NYSE: SPFR), as per a Bloomberg report....

Another space-related company is going public via a SPAC merger with Spire Global announcing a deal Monday morning. The SPAC Deal: Space-based data and analytics company Spire Global announced a SPAC merger with NavSight Holdings Inc (NYSE: NSH). The deal values Spire Global at a post-money equity...

The SPAC market continues to grow with a record number of special purpose acquisition companies being offered and a record amount of money raised in January. That record number reflects more companies and investors with no SPAC experience continuing to enter the market,...

The rumored merger between Cano Health and Jaws Acquisition Corp (NYSE: JWS) was confirmed Thursday morning. The SPAC Deal: Cano Health is a primary care-centric company that is technology-powered. Cano Health has 103,000 members and operates in 14 markets with 564 primary care physicians. Jaws...

Blank check company Jaws Acquisition Corp (NYSE: JWS) is holding talks with Cano Health LLC for a reverse merger, according to the Wall Street Journal. If successful, the deal, which values Cano Health at $4.4 billion, including debt, could be announced as soon as Thursday. What...

Anything but bitcoin. The cryptocurrency got little love at CNBC’s Delivering Alpha conference Tuesday, with JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon calling it “fraudulent” and Saba Capital Management CIO Boaz Weinstein attributing its rise to nothing beyond FOMO....

Barry Sternlicht, the chairman and CEO of the global investment firm Starwood Capital Group was a guest on CNBC Tuesday and talked about Monday night's dinner. Normally listening to someone's dinner plans from the prior night isn't of much interest - but Sternlicht was joined with...

Recently, Starwood Capital Group (NYSE: STWD) chairman and CEO Barry Sternlicht appeared on Bloomberg Television with Erik Schatzker and Stephanie Ruhle at the Milken Institute Conference in Los Angeles, California for a Market Makers segment, where he talked -- among other things -- about real-...

Long time luxury retailer, Saks (NYSE: SKS) is being sold to Toronto-based Hudson’s Bay, parent company of Lord & Taylor, for $2.4 billion, according to Forbes. The fact that Saks was for sale was no surprise. Saks hired Goldman Sachs (NYSE: GS) back in May to help it seek out sales or...

Barry Sternlicht, Starwood Capital Group Chairman and CEO, runs the second largest real estate manager in the world. His unique position offers him a direct line of insight into the global economy amongst other things. He was a guest host on CNBC's Squawk Box Thursday morning. “The big headline...