Key insight: SoFi is growing in both its core lending products and its new banking and digital asset launches but didn’t increase its full-year outlook. Supporting data: Operational expenses increased 30% YoY, which largely offset SoFi’s record revenue growth of 40% YoY. Forward look: SoFi is expecting one to two interest rate hikes from the […]
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking […]
MassDevelopment on Wednesday announced an economic development pilot program in North Adams that will leverage arts and culture as drivers of growth while strengthening downtown revitalization efforts, supporting small businesses and creative entrepreneurs, and positioning the Northern Berkshires for future public and private investment. Funded by a $2.5-million Barr Foundation grant, the “Creative District” pilot program will run for three […]
Trading in traditional financial assets is expanding across the crypto exchanges tracked by CoinGecko, but most activity is not taking place through tokenised spot products. During the first five months of the year, TradFi perpetual volume exceeded spot RWA trading by more than eight times, according to CoinGecko’s TradFi on Crypto Exchanges 2026 report. The […]
Fed Warsh: the economy is showing impressive resilience. We remain resolute to deliver price stability !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
“Clients aren’t necessarily calling about the Fed decision,” Lessard said. “What we’re seeing is a growing number of buyers reaching out to prepare for homeownership. Many are getting preapproved, reviewing their financing options, and putting themselves in a position to act when the right home becomes available. “Rather than trying to time the market perfectly, […]
FINRA has censured and fined RBC Capital Markets, LLC $275,000 after finding that the firm failed to maintain an adequate anti-money laundering compliance program for more than seven years. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, RBC’s Wealth Management division did not properly implement policies and procedures capable of detecting […]
Surging data center services revenue and a rebound in U.S. office leasing stood out in CBRE’s strong second-quarter results for 2026. During a Wednesday morning earnings call, the world’s largest commercial real estate services and investment firm reported $11.2 billion in second-quarter revenue, roughly in line with analysts’ estimates. Revenue grew annually by 15.5 percent, […]
Lario Investments is planning to build a mixed-use project in Denver’s Cherry Creek North area. The investor filed plans with the city to replace a three-story office building at 2702 E. 3rd Ave., built in 1966, with a five-story, 106,811-square-foot mixed-use building. The Denver Business Journal reports Lario Investments purchased the building in 2023 for […]
Whether you’re hoping to fly United Polaris to Europe or book a lie-flat seat on a Star Alliance partner like ANA or Lufthansa, using United MileagePlus miles can be one of the best ways to book business class. The number of miles you’ll need, however, isn’t fixed. United no longer publishes an award chart, and […]