A year ago, shares of Sandisk (SNDK +5.55%) traded below $50. As of this writing, they sit above $1,400 — a gain of more than 3,000% in 12 months, and one of the biggest runs anywhere in the market. That figure actually understates how hot the stock has been. Shares hit a record high of […]
Stablecoins were supposed to make payment networks less necessary. Visa’s new stablecoin platform, introduced Thursday (July 16), suggests a messier outcome. The move comes on the heels of Visa’s June announcement that it had joined a 140-plus member Open Standard consortium to launch Open USD (OUSD), a dollar-backed stablecoin. The technical act of transferring a stablecoin […]
Sixty percent of approved borrowers sought financing for working capital needs, like paying for inventory, overhead or repairs. Approved borrowers reported earning a median annual revenue of $900,000, though it varied by quarter, industry and time in business. The gap between what borrowers requested and what they ultimately received was widest among lower-revenue businesses. But […]
The 122,000 sq ft scheme will transform 12 Smithfield into a sustainable office headquarters due for completion in 2028. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The […]
AI tokens are on the minds of many chief financial officers. The chairman of OpenAI predicts that in a year, they won’t be thinking about them at all. Bret Taylor, who is the founder of the AI startup Sierra alongside leading OpenAI’s board, said that a lot of the “problems” related to tokenomics stem from […]
The buckled beams in the former Pfizer building didn’t just set off emergency stabilization efforts and city investigations. The incident set off a talking point free-for-all as the city grapples with potential changes to a key development pipeline. Leaders from the building trades and other union heavyweights seized upon the open shop at MetroLoft Management’s […]
Andrew Grantham, senior economist at CIBC in Toronto, attributed the modest acceleration in core inflation excluding food and energy, which reached 1.8% annually, partly to World Cup demand. “We continue to see the Bank of Canada holding its overnight rate steady for the remainder of this year,” Grantham wrote, “even if headline inflation reaccelerates slightly in the […]
As the market shifts, speed and precision matter. During the “Working Smarter, Not Harder” panel at the 2026 Velocity conference in New Orleans, panelists dove into how new tech and AI-powered services are helping agents and lenders uncover qualified leads faster, automate repetitive workflows, and reduce both onboarding time and days on market. Attendees learned how predictive analytics, automated outreach, and intelligent data tools […]
New prime minister Andy Burnham has announced he will set out a 10-year plan for Britain later this year. Burnham becomes the UK seventh prime minister in just over a decade, taking on the role from Kier Starmer. Today, Steve Reed also announced he has stepped down as housing secretary. In his two-page letter to […]
Los Angeles-based United Talent Agency (UTA), known for its high-profile clients, has aptly selected New York City’s most famous office building for its new East Coast headquarters. UTA leased 100,948 square feet at the Empire State Building in a move that will consolidate its various office locations across Manhattan, the company announced Monday. The New […]