Key insight: Fintech entrepreneur Darragh Buckley has re-launched the community bank he bought last year under the name Increase Bank. Supporting data: The underlying bank’s asset size grew by 48% in the fiscal year after Buckley acquired it for his enterprise payments fintech. Expert quote: “The value [for Buckley] comes from obtaining the institutional status […]
To be fair, mortgage rates haven’t been far from their long-term highs in over a week, but today’s 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.85% seen on July 23rd. Higher rates are driven by weakness in the bond market. The latter can happen for many reasons. […]
Daryl Hagler has emerged as a white knight for struggling landlords in recent years. He is now on the verge of becoming the savior of a popular summer camp in upstate New York. Hagler’s entity, DHAN Masores, offered $5.6 million to acquire Camp Mesorah, an Orthodox Jewish summer camp in Guilford, New York, from Simad […]
Moonshot has Nvidia chip cluster from Alibaba computing deal, Bloomberg News reports
Professional golfer Scottie Scheffler is rapidly closing in on golf legend Tiger Woods on the PGA Tour career money list. Following a runner-up, only three strokes behind 3M Open winner Jackson Koivun in Blaine, MN, the 30-year-old golfer is now locked in a neck-and-neck race with his longtime rival Rory McIlroy to see who will […]
Rents fell -0.4% in the South and dropped -1.0% in the Mountain region, where new supply additions have outpaced demand absorption, according to Apartments.com. At the metro level, San Francisco recorded the strongest monthly gain among major markets at +0.59%, followed by San Jose at +0.39%, and led all metros annually with +10.9% year-over-year growth, reflecting […]
Corporate India is facing an invisible crisis that severely impacts both employee well-being and the bottom line. According to the third edition of the CII–MediBuddy report, Workplace Health Reimagined: India’s Health AI Frontier, employee health can no longer be viewed as a mere administrative benefit; it must be treated as a strategic priority. “For years, […]
In early trading on Friday, shares of Monolithic Power Systems topped the list of the day’s best performing components of the Nasdaq 100 index, trading up 15.0%. Year to date, Monolithic Power Systems registers a 67.0% gain. And the worst performing Nasdaq 100 component thus far on the day is Apple, trading down 9.8%. Apple […]
Housing executives on this week’s Walker Webcast Healthy population growth is essential to a strong housing market. In the U.S., however, trends are shifting. On this week’s Walker Webcast, hosted by Ivy Zelman, Walker & Dunlop executive vice president of research and securities, housing leaders said the country’s falling replacement rate reveals a cultural shift that is reshaping demand for […]
A new company brings a new name. Two months after multifamily giants AvalonBay Communities and Equity Residential merged to form one of the country’s largest real estate companies — the total enterprise value is calculated at $71 billion — the two firms announced Friday that their new company will be called Vivmark Residential. SEE ALSO: […]