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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…
The Bank of Canada is widely expected to hold its policy rate at 2.25% this week, but economists remain divided over how soon the central bank may need to begin raising rates.
Prices rose 2.2% year over year in June to a record high, mainly because of growing demand. Existing U.S. home sales ticked up to a seasonally adjusted annual rate of 4.4 million, the highest level since 2022, and pending home sales reached their second-highest level since 2023. Wealthy Bay Area and South Florida buyers helped…
Key Insight: After private meetings with executives allegedly yielded few results, two activist investors have published a letter outlining their concerns, beginning what they say will be a persistent pressure campaign. Supporting Data: In this year’s first quarter, expenses at United Bancorporation of Alabama rose by 15% year-over-year, while total loans grew by 2%. Expert…
This morning, we head to Los Angeles, the site of the fires in the Pacific Palisades area in January 2025. Governor Gavin Newsom recently announced that FEMA approved California’s request to extend critical disaster assistance for Los Angeles fire survivors. More than 18,000 structures were destroyed. Seventy percent of those families don’t have a place…
Multifamily vacancies rise as construction boom unwinds – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising and analytics…