Cryptocurrency exchange BitMEX has stopped accepting new registrants as it prepares to close its operations. The company, whose founders were the recipients of a White House pardon last year, announced the closure on its website Thursday (July 20), urging customers to withdraw their funds from the platform before the Sept. 23 shutdown. “Following a strategic review of the business […]
Mortgage rates continued their ascent this week, climbing to a new 11-month high, as the escalating conflict in the Middle East put upward pressure on oil prices, sparking renewed inflation fears and leading investors to reassess the odds of a Federal Reserve rate hike. The average rate on 30-year fixed home loans reached 6.58% for […]
Bruce Gehrke (pictured top), senior director of wealth and lending intelligence at JD Power, said while he doesn’t see the 30% number as a crisis yet, it is worth keeping an eye on. “When you ask that question in the realm of consumer research, you’re getting an emotional response,” Gehrke told Mortgage Professional America. “Is […]
Nasdaq (NDAQ) reported outstanding second-quarter results, with net revenue climbing 15% on an adjusted basis to $1.5 billion, as all three divisions delivered double-digit growth. CEO Adena Friedman called it “an outstanding second quarter, defined by new records and milestones,” highlighting that the company surpassed $1 trillion in Index ETP AUM and listed SpaceX, the […]
The Securities and Exchange Commission announced today that it will host a roundtable on Sept. 17, 2026, to discuss moving towards 24-hour trading in the U.S. equity markets, including preparations to support overnight trading, operations and resiliency in a 24-hour market, and opportunities and challenges for expansion. “We are moving towards a new day – […]
A year after OpenAI CEO Sam Altman expressed concerns about the possibility of an artificial intelligence bubble, the firm that created ChatGPT is planning to pump more than $20B into a new 3.2-gigawatt data center outside of Savannah. OpenAI founder Sam Altman in 2017 OpenAI announced Wednesday that it has contracted with Georgia Power Co. […]
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“But buyers should remember that desirable, move-in ready homes can still be competitive because many people don’t want to take on renovation costs while mortgage payments are high.” The median sale price reached $408,795 for the period, a 2.5% annual gain, while the median monthly mortgage payment sat at $2,618 at a 6.55% rate. Some 20.2% […]
Experienced pharmaceutical supply chain and AI strategy executive joins PAXAFE to scale revenue as demand grows for AI-powered decision support in cold chain logistics. INDIANAPOLIS, July 23, 2026 /PRNewswire/ — PAXAFE, the company delivering AI-powered decision intelligence for cold chain logistics, today announced the appointment of Mark Talens as Chief Commercial Officer (CCO). In this role, […]
The Arkansas headquarters for Bank OZK One of the largest construction lenders in the U.S. is still shrinking its real estate portfolio, according to second-quarter earnings results. Bank OZK‘s real estate exposure fell to 47% of its overall loan book in the second quarter, down from 52% in the first quarter and well below its historical average […]