Housing affordability is improving as wages outpace home-price growth
The chances of a broad-based U.S. commercial real estate recovery during the second half of this year may be fading due to persistent inflation, high interest rates and ongoing geopolitical uncertainty, according to the mid-year CRE outlook from BBG Real Estate Services. A leading commercial real estate valuation and assessment firm, BBG writes that heightened…
Ashburn, Virginia, is in the heart of America’s “data center alley.” Over the July 4 weekend, diesel generators at a Digital Realty data center switched on as temperatures spiked. Dark smoke floated above ACC9, one of dozens of data centers clustered in Ashburn and nearby cities, according to a video and photos from July 3…
Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump was to arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, in New York, Sept. 6, 2024. Adam Gray | Reuters A…
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. The Wall Street Journal reported Monday (July 6) that JPMorgan Chase, Bank…
A pending merger between two Northeastern banks should increase borrowing opportunities for New England customers, thanks in part to the expansion of the company’s soon-to-be rebranded mortgage affiliate. Processing Content Massachusetts-based Hometown Financial Group, the parent holding company of three individual brands, announced it had reached a deal to acquire Primary Bank, a publicly traded…
Salad chain Sweetgreen (SG +0.68%) stock soared 30% in the first half of the year, according to data provided by S&P Global Market Intelligence. Investors see the potential for a turnaround, and they celebrated the company’s well-received wraps rollout. However, the stock is already falling from the initial surge. Can Sweetgreen win in fast casual?…