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Real-Estate Companies Grapple With High Interest Rate Hedging Costs

Real-estate companies are facing soaring costs to protect their variable debt against jumps in interest rates, with prices on some contracts jumping at least 10-fold this month from a year earlier.Banks and other lenders often require real-estate firms relying on floating rate debt to hedge their exposure with so-called interest-rate caps. The caps are derivatives contracts, sold by the lender, in which companies receive a payment when an interest-rate benchmark—for example, the Secured Overnight Financing Rate—exceeds a…

Ahh jeez, there’s a MultiVersus launch delay and Morty is affected too

Player First Games, developer of MultiVersus, the arena brawler that pits Warner Bros. and DC Comics characters against each other in battles to the death, has announced it’s delaying the start of season 1 and the release of the Morty character. We want to let everyone know that we are delaying the start of Season 1 & the release of Morty to a later date. We know this might be disappointing for some and want to assure our Community that we are dedicated to delivering new and exciting content that delights…