Key Takeaways Economic growth is stronger than headline GDP suggests. Private sector activity currently outpaces GDP, which has been dragged down by net exports. The labor market is tight, not strong. Worker scarcity should keep jobs growth cooling and unemployment low. » Inflation likely peaked in May. Led by fading energy costs and cooling housing […]
While fraud continues to evolve (with AI playing its part), Veriff fraud platform lead, Ira Bondar-Mucci, said familiar methods still reign supreme. Veriff’s identity verification platform supports more than 3,000 businesses, including Western Union, Bumble, Blockchain, Stake, Instacart and AWS. Veriff’s 2026 Identity Fraud Report finds that e-commerce and financial services firms are the hardest […]
One World Trade Center is almost 100 percent leased thanks to the latest deal with an artificial intelligence company, Commercial Observer has learned. Mercor, which employs human experts to train AI algorithms, has inked a five-year, 25,550-square-foot deal on the 77th floor of the Lower Manhattan office tower, the Durst Organization announced Tuesday. Durst owns […]
Augustus, formerly known as Ivy, raised $180 million in a Series B funding round to support its offering that gives financial institutions around the world direct access to dollar accounts and rails through a federally chartered bank. The company will use the new funding to continue serving FinTechs and banks in Latin America, Southeast Asia, […]
The Challenge: Traditionally, conducting due diligence is a time-consuming and costly part of the site acquisition process, which can be daunting for investors and developers alike. The Solution: Parcyl combines real estate data from a variety of sources, including ATTOM, with AI and agentic technologies to create a first-of-its-kind platform that enables users to perform […]
Energy stocks are having a big month as oil prices surge on Iran war fears — but it’s not solely the conflict in the Middle East that makes the sector appear attractive.
Two tenants have signed on for 6,960 square feet each at Midtown East’s 757 Third Avenue, Commercial Observer has learned. Yuco Management, a New York City-based real estate development and management firm, inked a deal to take over the entire 27th floor of the 26-story Class A office building owned by New York Life Real […]
On July 21, Defiance launched the Defiance AI Hyperscale Leaders ETF (AIHY), with an expense ratio of 76 basis points. The fund provides actively managed exposure to the companies that are leaders in enabling, developing, or benefiting from artificial intelligence growth. AIHY targets companies that focus on scaling profitability from AI development, rather than those […]
Kalshi and Polymarket. Gabby Jones | Bloomberg | Martin Lelievre | Getty Images A lobbying arms race between Kalshi, Polymarket and the casino and gaming sectors is unfolding in Washington, with all sides vying to win over lawmakers amid increasing scrutiny of prediction markets from Congress and regulators. Kalshi’s lobbying spending totaled $990,000 during the […]
Private investments could account for roughly 6% of defined contribution plan assets — or about $1.1 trillion — by 2030, according to a Deloitte analysis. A more conservative scenario, the firm projected, would result in allocations of roughly $200 billion. Processing Content If private investments such as private equity, private credit and other alternatives do […]