The Bank of Canada (BoC), which has held its overnight rate at 2.25% since October 2025, is expected to stay put through the remainder of 2026. Fan’s full-year growth projection edged up to 0.7% from 0.6% — a recovery that, while genuine, remains too fragile to warrant tighter monetary policy. “We see less risk of […]
Tech shares pulled U.S. stocks lower on Monday after President Donald Trump announced that he would reinstate a blockade on Iranian ports, marking the latest escalation in U.S.-Iran hostilities. The move sent oil prices sharply higher and dampened overall risk appetite. Investors are now bracing for a packed week of earnings, economic data and congressional […]
Carrier Global Corporation Is Too Hot For My Comfort (Downgrade)
A consultant seeking an $8 million payday on a pair of New York City leases claims former city official Jesse Hamilton and veteran Cushman & Wakefield broker Diana Boutross demanded a $250,000 “side payment” before allowing the deals to move ahead. Staten Island businessman Mazen Dayem is suing Hamilton, Boutross, Cushman & Wakefield and landlords […]
Louisiana is where Beyoncé’s mother, fashion designer Tina Knowles, was born and raised. In 2015, multiple news outlets reported that the couple purchased a Spanish Baroque-style mansion in New Orleans’ Garden District. The house on Harmony Street, locally known as La Casa de Castille, was listed for $2.6 million at the time of its purchase, […]
September arabica coffee (KCU26) today is down -5.80 (-1.74%), and September ICE robusta coffee (RMU26) is down -14 (-0.26%). Coffee prices are under pressure today amid forecasts for dry weather this week in Brazil’s coffee-growing regions, which should allow the pace of the country’s coffee harvest to accelerate. Don’t Miss a Day: From crude oil […]
A four-story office and retail building across the street from the former Macy’s department store in Downtown Brooklyn has traded, Commercial Observer has learned. Midwood Investment & Development, a New York City-based real estate development and management firm, purchased 423 Fulton Street — opposite the former Macy’s at 422 Fulton Street — for $9.5 million, […]
The new law puts it to rest. When a mortgage is modified in the ways the bill spells out, it keeps securing the debt as changed, and its priority does not move. The change is not a novation – a legal reset that treats the deal as a fresh obligation. Priority holds even if no […]
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Mid-Atlantic home sales rose on an annual and monthly basis in June, despite mortgage rates hovering around 6.5% for the entire month, a new industry report found. Processing Content Closed sales increased 7.3% year over year and 11.8% from May to 23,278 last month, while new pending sales jumped 3.9% annually to 22,817, according to […]