‘I know what he wants to do,’ Trump says of Fed’s Warsh, as president presses for rate cuts

Lenders continued cutting fixed rates this week as competition intensified, according to the latest Moneyfacts rate watch. The average two-year fixed rate is now 5.46%, down from 5.51% last week. The typical five-year fixed rate is also currently 5.51%, a reduction from 5.48% one week ago. The mortgage type to see the largest average rate…

U.S. Bancorp leaned on payments to power a record quarter. The bank’s second-quarter results, released Thursday (July 16), show a customer base still spending, borrowing and embracing digital banking products, while its payments business supplied fresh fuel for growth. The company reported record quarterly revenue of $7.7 billion, driven by higher fee income, loan growth…

Manhattan’s luxury market revved up last week, but had a hard stop at eight digits.  Just one home in the borough asking more than $10 million snagged a signed contract between July 6 and July 12, the lowest total in more than six months, according to Olshan Realty’s weekly report.  Most of the 29 homes…

A single quarter creates headlines. A sequence of quarters reveals market shifts. That analysis underpins Zubr Capital’s Q2 2026 digest of European tech funding. Where Q1 saw several signs of capital becoming more selective, larger checks concentrating around strategic sectors, and an uneven market across the startup landscape, Q2 didn’t change that picture.What changed in…

Television City, a landmark studio in Los Angeles that has been home to productions ranging from “The Price Is Right” to “American Idol,” is poised to hit the market in another blow to owner and studio mogul Hackman Capital Partners (HCP). A lender group led by Deutsche Bank filed a notice of default last month…