A new interpretation of Tacoma’s zoning code clarifies that stand-alone data centers cannot be permitted under current regulations. In a joint statement released this week, Tacoma City Councilmember Latasha Palmer and Olgy Diaz said local communities have raised concerns about the rapid development of stand-alone data centers, citing potential impacts and increased utility costs. “Many communities across […]
Trends in the wealth management industry continue to tip the scales in favor of ETFs. Retail capital continues to desert traditional investment vehicles in favor of more modern structures. More specifically, outflows from mutual funds are translating to inflows for ETFs. The latest weekly asset flow data released by the Investment Company Institute (ICI), for […]
For more than a decade, crypto investors have talked up XRP (XRP 0.44%) as an explosive, high-upside cryptocurrency. Yet here we are in 2026, and XRP is still trading for just $1. So what happens to XRP over the next three years? Will it finally fulfill its promise, or will it fade into irrelevance? Let’s […]
The Fed regime shift has ushered in a truly data-dependent environment, where each print carries more weight than in prior cycles. Warsh’s more balanced tone at Sintra landed without a meaningful pickup in volatility — a sign the market is respecting his credibility for now. That credibility buys the Fed room, not a free pass; […]
Ashburn, Virginia, is in the heart of America’s “data center alley.” Over the July 4 weekend, diesel generators at a Digital Realty data center switched on as temperatures spiked. Dark smoke floated above ACC9, one of dozens of data centers clustered in Ashburn and nearby cities, according to a video and photos from July 3 […]
CD rates are at a standstill, but that could change after the next Fed meeting, or the one after that.
The Mortgage Bankers Association (MBA) published research Friday in support of phasing out tri-merge requirements in mortgage underwriting for applicants boasting credit scores over certain thresholds. The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced in mid-April that the government-sponsored enterprises would begin accepting home loans underwritten using VantageScore 4.0 on […]
Key insight: Trump promises to not sign the bill, but has not said whether he plans to veto it or not. Forward look: The bill becomes law at midnight without Trump’s signature or veto. What’s at stake: A number of community bank-favored riders are in the bill, including two brokered deposit bills. WASHINGTON — President […]
Flash flooding traps hundreds of people in rural Missouri
Anthropic appoints Former Federal Reserve Chair Ben Bernanke to its long-term benefit trust, JPMorganChase signs a multiyear agreement to be the official jersey patch and banking partner of the Dallas Mavericks, Brazil-based Nubank receives full regulatory approval to open Nu Mexico, and more in this week’s banking news roundup.