It Was the Largest Office-to-Residential Conversion in New York City History. Then It Started to Buckle
Earlier today, two of the columns on the building’s 21st floor started to collapse, prompting an evacuation.
Calculated Risk: Weekly Initial Unemployment Claims Increase to 208,000
by Calculated Risk on 1/08/2026 08:30:00 AM The DOL reported: In the week ending January 3, the advance figure for seasonally adjusted initial claims was 208,000, an increase of 8,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 199,000 to 200,000. The 4-week moving average was 211,750, […]
Open Banking Moves From Access to Economics
Open banking has been discussed as another way to move money, where debate over who controls the data that makes those payments possible is giving way to how that data is delivered, who bears the cost of maintaining secure application programming interfaces (APIs), and whether every data request should be treated equally. Those questions are […]
Ryan Reynolds Once Called His Aviation Gin Distillery ‘Disneyland for Adults.’ Now It’s Shut Down
The brand’s parent company—London-based beverage giant Diageo—is currently facing a brutal sales slump.
RIA Holding Firm Aspen Acquires $1.3B CWS Financial Advisors
Aspen Standard Wealth, a New York-based holding company that takes majority stakes in registered investment advisors, has acquired a wealth manager based in Kalamazoo, Mich., managing $1.3 billion in client assets across the United States. CWS Financial Advisors, which dates back to 1983, will join the Aspen platform while maintaining its fee-only, RIA structure, the […]
Clearstream Expands Crypto Custody to 6 New Digital Assets | LeapRate
Clearstream, the post-trade services arm of Deutsche Börse Group, said Monday that it has expanded its cryptocurrency custody offering to include six additional digital assets. The firm has broadened access for institutional clients seeking regulated exposure to a wider range of cryptocurrencies. The new additions, Ripple (XRP), Cardano (ADA), Solana (SOL), Litecoin (LTC), Stellar (XLM) […]
Calculated Risk: Trade Deficit Decreased to $29.4 Billion in October
by Calculated Risk on 1/08/2026 08:48:00 AM The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $29.4 billion in October, down $18.8 billion from $48.1 billion in September, revised. October exports were $302.0 billion, […]
Bitcoin Is Down. Miners Are Up. That’s the Signal.
Listen to the audio version of this article (generated by AI). Editor’s Note: One of the things I appreciate most about Jonathan Rose is that he doesn’t stop at the headline. He asks the next question. In this case, it wasn’t “what is Bitcoin doing?” but “why are the miners behaving differently?” That’s the kind […]
Why Meta Platforms Finished Down 11% in June
Shares of Meta Platforms (META +2.59%) were heading lower last month as a slew of concerns mounted for the social media giant. Among those were layoffs, overspending on AI and capital expenditures, and a lack of direction in artificial intelligence, as the company has struggled to develop a meaningful revenue stream beyond advertising. The stock […]
What Is a Revolving Line of Credit? How It Works for Businesses
As a small business owner, you’re no stranger to the ups and downs of cash flow. There may be times when you need immediate funds to seize an opportunity, cover an unexpected expense or keep daily operations moving. That’s where a revolving line of credit can help. A revolving line of credit gives you flexible […]