Russell Vought, the outgoing acting director of the Consumer Financial Protection Bureau (CFPB), defended his 17-month record of reining in the agency’s enforcement apparatus during Senate testimony on Thursday, his first appearance before the upper chamber since taking over the bureau last February. During his tenure, Vought has championed an overhaul at the CFPB that […]
Isara Laboratories, an artificial intelligence startup platform, has taken 6,009 square feet at the boutique office building at 515 West 20th Street, Commercial Observer has learned. The company, which builds software so AI agents can communicate and solve problems for the finance and biotech industries, signed the lease June 20, according to broker Current Real […]
POWER POINT What I’m hearing from energy insiders Open. Closed. Down. Up. That’s the recent rhythm of the Strait of Hormuz (SOH). It’s also the subsequent moves in crude oil prices. I’m almost reluctant to write anything concrete here because by the time you read it, it may already be dated. But Power Insider has […]
PKI Solutions has relocated its corporate headquarters to downtown Portland, occupying a larger space at 1000 SW Broadway. The company cited gaining new customers and users, as well as expanding its team, as factors in moving to the new space. PKI Solutions provides software consulting, training, professional services, and assessments to help ensure the security […]
Bassett Furniture declares $0.20 quarterly dividend
Hedging, Data Mapping, BER Letter, PPE Tools; AI Ramifications; Atty. Mitch Kider Joins Big Picture Nearly every lender is at least learning about AI, but on the flip side there are things like New York’s ban on data centers. Lenders and vendors are not the only ones riding the tech wave, and no […]
The Invesco QQQ Trust (QQQ 1.55%) is one of the most popular exchange-traded funds (ETFs). It’s currently the fifth-largest ETF by assets under management at $476 billion and the second-most traded ETF by volume. The driving factor of the fund’s popularity is its returns. It ranks in the top 1% of large-cap growth funds over […]
The WSJ reports that Trump’s Truth Social is planning to sell access to a faster API in order to get Trump’s tweets sooner. There are large and obvious market-moving implications if they go down that route. This article was written by Adam Button at investinglive.com.
Mortgage rates surged this week to levels not seen in 11 months as the conflict between the U.S. and Iran continued ratcheting up with no resolution in sight, putting renewed upward pressure on energy prices and bond yields. The average rate on 30-year fixed home loans jumped to 6.55% for the week ending July 16, […]
Mortgage rates reached their highest level since the end of August, following a week of heightened uncertainty over the Iran conflict, slightly moderated by positive news on inflation. Processing Content The 30-year fixed rate mortgage increased by 6 basis points to 6.55% as of July 16 from 6.49% one week prior, the Freddie Mac Primary […]