“I think given the episode we went through four years ago, they’re just incredibly concerned about the possibility of inflation lingering, even if initially it’s driven by oil prices,” he said. “I think in general they believe that people are more sensitive to inflation now than they would have been, say, five or six years […]
“For really everyone other than AI providers, the process is broken.”
Shares of EQB Inc., the parent company of mortgage lender Equitable Bank, surged more than 9% Wednesday after Loblaw disclosed plans that could raise its ownership stake to nearly 25%.
New York Governor Kathy Hochul and US President Donald Trump. David Dee Delgado | Reuters | Saul Loeb | AFP | Getty Images President Donald Trump slammed New York Gov. Kathy Hochul on Wednesday, saying in a Truth Social post that the state should change its new data center moratorium “IMMEDIATELY” after becoming the first […]
Artificial intelligence was a theme of Bank of America’s second-quarter earnings call, with executives attributing revenue and efficiency improvements to the technology. Processing Content CEO Brian Moynihan said employees are generating more than 400,000 prompts a day and the bank has approved more than 300 AI use cases, “all of which have good economics.” AI […]
The initiative’s drafters — tax law professors at the University of California Berkeley, University of Missouri, and UC Davis — project it would raise approximately $100 billion for healthcare, food assistance, and public education. The most high-profile targets include Google co-founder Sergey Brin, whose net worth Forbes estimates at $270 billion, who reportedly purchased a […]
Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday’s Consumer Price Index (CPI) had a bigger impact on the underlying bond market, but today’s Producer Price Index (PPI) wasn’t far behind. Additionally, bonds did a better job of holding onto the improvement into the afternoon hours. This allowed mortgage […]
Key insight: Russell Vought, who is acting Director of the Consumer Financial Protection Bureau, said he believes the bureau shouldn’t exist in its current form. Forward look: House Democrats can wield a number of tools if they retake the lower chamber in November. The House Financial Services Committee is one of few panels with subpoena […]
Buy-to-let lending increased in the first quarter of 2026, driven by strong remortgaging activity, according to the latest figures from UK Finance. A total of 58,272 new buy-to-let loans were advanced across the UK between January and March, worth £10.8 billion. This represented a 3.3% increase in lending volumes compared with the same period in […]
Euroclear has appointed Usman Ahmad as Head of Digital Assets, a newly created role that takes effect immediately, the Brussels-based post-trade services provider announced on July 15, 2026. In his new position, Ahmad will lead Euroclear’s digital assets strategy, with the aim of reinforcing the group’s standing as both an innovator and a reliable market […]