New York City posts notice of new tax levy to pied-a-terre owners
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Why Dynex bet on spec pools as AI refi risk looms
Dynex Capital has been increasingly investing in specified pools as part of a strategy that drove consensus-beating earnings to common shareholders in the second quarter, highlighting some broader trends related to prepayment protection. Processing Content The real-estate investment trust generated $178.4 million in net income to common shares during the period, beating the S&P Capital…
Corn Fades Back Loser on Thursday
Corn rounded out Thursday trade with contracts down 4 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 3/4 at $4.10 3/4. USDA’s weekly Export Sales report this morning fell short of the trade estimated range of 500,000 to 1 MMT for old crop corn export business in the…
Raymond shares rise 4% after former BEL chief joins defence business
Raymond shares rose nearly 4% on Monday after the company appointed former Bharat Electronics chief Bhanu Prakash Srivastava as the chief executive officer (CEO) of its defence business. The stock gained nearly 4% to hit an intraday high of Rs 632 on the NSE. It later gave up some gains and was last trading at…
Fed Chair Warsh Taps Billionaire Marc Andreessen To Lead AI Task Force
Federal Reserve Chair Kevin Warsh has named the leadership and objectives of new task forces he is convening to reshape the way the central bank conducts monetary policy. Warsh on Thursday announced five new task forces to examine different aspects of the Fed’s mission, each led by prominent and highly regarded leaders. Warsh, who was…
AI enablement officer: the new sheriff in transformation town
Helping the people side of AI adoption A dedicated AI enablement team and roles have their value not in technology terms, but for the workforce, according to Diana Bartolic, Head of HR at CCL. “There’s a lot of transformation and change happening in workplaces now, probably more so than we’ve ever seen before,” says Bartolic….
Why Meta Platforms Stock Jumped on Friday
Shares of Meta Platforms (META +6.12%) rallied Friday morning, gaining as much as 7.3%. As of 11:12 a.m. ET, the stock was still up 6%. The catalyst that sent the social media and artificial intelligence (AI) specialist higher was a report that lauded the company’s strategic pivot. Image source: The Motley Fool. A directional shift…
