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Wholesale inflation cooled in June more than economists had forecast, as energy prices that have surged since the start of the Iran war in late February abated last month. Supply-chain inflation tracked by the producer price index (PPI) rose 5.5% last month, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday, reflecting a 0.3% monthly […]
Kingswood Center in Brooklyn’s Midwood neighborhood has a new owner, Commercial Observer has learned. The 229,926-square-foot shopping center at 1630 East 15th Street sold for $31 million to Michael Berfield’s Bridges Development Group, according to broker JLL. The sale marks a steep discount from the $89 million that the shopping center fetched in early 2020, […]
Conagra Brands’ stock was up a bit on Thursday, but the company’s results and forecast were the latest dose of bad news for the packaged-food industry.
In two separate Capitol Hill hearings on Wednesday, senators pressed top Justice Department officials on a decision to subpoena New York Times journalists over a story about security flaws in President Donald Trump’s new Air Force One plane. Senators on the Intelligence Committee questioned Jay Clayton — the top federal prosecutor in Manhattan and President […]
Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. The firm enables payments companies to onboard with a single partner and use one API to access stablecoin settlement, pay-ins, payouts and treasury optimization across global corridors, according to a Wednesday (July 15) […]
Energy Department says operational minimum for the storage caverns is about 70 million barrels, a level far lower than oil industry estimates
RIAs of all sizes are starting to grapple with the cost and implementation of AI, potentially speeding some smaller firms to consider a sale.
Investors are still enthusiastic about the memory boom, and are looking for new ways to cash in.
EPFO members may begin seeing the annual interest for FY2025-26 reflected in their provident fund accounts from today July 15, as the retirement fund body starts crediting interest at the approved rate of 8.25% per annum. The annual interest rate of 8.25% works out to approximately 0.688% per month, according to a Cleartax report. Although […]