Mexico fans cheer at Seoul International Park in the Koreatown neighborhood of Los Angeles after their team won a World Cup match against South Korea. PHOTO: ETIENNE LAURENT/AFP via Getty Images If the World Cup is Los Angeles’ dress rehearsal for the 2028 Olympics, the curtain is already up. As millions of visitors pour in […]
Last week, Trump blasted the Fed’s board as “maybe a little bit hostile” and wanting “to do the wrong thing,” suggesting that he still disagreed with its unwillingness to cut rates. But in an interview with CNBC, he declined to criticize Warsh directly. “He’s a great guy and a great pro, and I know where […]
A new report says Canada’s commercial real estate sector is seeing strong demand for downtown office space alongside shrinking industrial supply.
The document sets a framework for cooperation rather than any binding commitment. Any resulting transaction, investment or project would depend on separate written agreements and on internal, regulatory and other approvals, the parties said. Nuclean describes itself as a technology-neutral platform that brings together technology providers, the industrial supply chain, investors, off-takers and engineering participants working on small […]
Homeowners are on average six times wealthier at retirement than renters and are much less likely to run out of cash before they die, new research suggests. A report by Yorkshire Building Society, reveals an average wealth gap of £793,000 between homeowners and renters at retirement. By the time today’s 30-40 year-olds retire, they will […]
Key insight: The housing package raises the threshold under which reciprocal deposits should be treated as regulated deposits rather than “brokered.” What’s at stake: The change means that more banks that aren’t considered “too big to fail” can attract local business and municipal deposits without the risk that those deposits will flee in times of […]
Women’s wealth Gender is the other axis reshaping the succession conversation. Women currently make up just 12% of the global ultra-wealthy population, a proportion that has climbed only modestly, from 8.2% in 2016 to roughly 10.2% today. But Altrata’s report forecasts that share will nearly double to 19% by 2040, driven by expanding opportunities for […]
Bruce Gehrke (pictured top), senior director of wealth and lending intelligence at JD Power, said the competition for Two Harbors was about more than one portfolio. “At the heart of it, it’s another indication of how valuable servicing has become, or at least is being viewed currently,” Gehrke told Mortgage Professional America. “And I think […]
The Government has announced an extension of cladding funding to buildings under 11 metres, marking the first time dangerous cladding will be removed from low-rise structures. The funding will be channelled through the existing Cladding Safety Scheme, with support prioritised for buildings that pose the greatest risk to life rather than focusing primarily on height. […]
Trump’s trump cardIt is not going too far to say that it is difficult to know what Donald Trump thinks from moment to moment, or why he does many of the things he does. Processing Content Two weeks ago, he surprised just about everybody by canceling a ceremony to sign into law a housing bill […]