On written policies, 8 percent of firms had none at all, and 55 percent had policies that could be improved. Training was a weaker spot. Twenty-one percent of firms provided no cybersecurity training to employees. Among those that did train staff, another 21 percent could have made the training more comprehensive, and 16 percent kept […]
The price of power is set to jump more than 60% for PJM, the largest electrical grid in the country, amid insatiable demand from data centers. “Demand for electricity continues to grow faster than electricity supply,” PJM CEO David Mills said in a statement included with the results of an annual auction that prices power […]
Trump’s ICC order violates free speech, advocacy groups say in lawsuit
Wednesday’s Gains Had More Staying Power Than Tuesday’s 2 Hours, 20 Min ago Wednesday’s Gains Had More Staying Power Than Tuesday’s Both Tuesday’s CPI and Wednesday’s PPI came in much lower than expected. Both resulted in fairly big bond rallies. Whereas Tuesday’s rally faded gradually after the initial pop, Wednesday’s rally continued […]
“June’s housing numbers continued to build momentum following the late start to the year in May, with virtually every metric moving in the right direction,” said Shaun Cathcart, CREA’s senior economist. “Fixed mortgage rates have eased from their peak in April, and rate hikes from the Bank of Canada this year are much less likely […]
Key insight: As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule’s benefit to banks. What’s at stake: The new capital standards create incentives to move second liens off bank balance sheets […]
<img src=”https://public.flourish.studio/visualisation/29698055/thumbnail” width=”100%” alt=”chart visualization” /> Processing Content Munis were little changed Wednesday as U.S. Treasuries saw further gains and equities ended up. The muni market is hanging in pretty well, but some deals have been “trickier” than others, said Jock Wright, an underwriter at Raymond James. The so-called “Aquarion effect” from Tuesday’s massive $2.4 […]
“In most of the country, there are more homes to choose from, fewer bidding wars and more room to negotiate on price, closing costs and repairs,” said Asad Khan, a senior economist at Redfin. “It’s worth shopping around, negotiating aggressively and asking for concessions. Many sellers are more willing to compromise than they have been […]
Karooooo beats Q1 estimates but shares slip on FX headwinds
The Bascom Group acquired Castlewood Park Apartments, a low-density, 183-unit value-add apartment community in Buena Park. The purchase price was $53,125,000, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, and Jake Vitta of IPA Capital Markets arranged the acquisition financing, with Brightspire Capital, Inc. providing the acquisition loan. The IPA Investment Sales team […]