The state has tapped three New York developers to build two towers with more than 1,100 homes on a publicly owned parking lot in Hell’s Kitchen across from the USS Intrepid museum. Gov. Kathy Hochul selected The Gotham Organization, Fisher Brothers and Mural Real Estate to construct the highrises with 1,127 condos and apartments at […]
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation, has structured a $42.1 million loan for the preservation and rehabilitation of Parkside Estates and Demby Terraces, a 315-unit affordable housing community in Inkster, Michigan. Developed by Good Housing Partnership in partnership with the Inkster Housing Commission, the properties will undergo a full rehabilitation and […]
Mumbai: HDFC Life and ICICI Prudential Life reported healthy profit expansion in the June quarter, driven by steady premium growth, stable value of new business (VNB) margins, and a rising contribution from protection products. HDFC Life reported a 12% year-on-year rise in net profit to ₹611 crore, while ICICI Prudential Life’s profit after tax increased […]
So far, the selloff hasn’t done much to dent the S&P 500, as other stocks and sectors have picked up the slack
Key insight: Morgan Stanley, whose capital level exceeds its minimum regulatory requirement, is keeping its eyes open for potential bolt-on acquisitions, according to CEO Ted Pick. What’s at stake: The investment bank is looking for ways to deploy its excess capital, and buying another company is one way to put the capital to work. Supporting […]
Artificial intelligence was a theme of Bank of America’s second-quarter earnings call, with executives attributing revenue and efficiency improvements to the technology. Processing Content CEO Brian Moynihan said employees are generating more than 400,000 prompts a day and the bank has approved more than 300 AI use cases, “all of which have good economics.” AI […]
Back in May, “Shark Tank” star Kevin O’Leary made a series of media appearances accusing some vocal opponents of his data center plans in Box Elder County, Utah, of being foreign-backed agents. Now, Mr. Wonderful is being sued for defamation. In a lawsuit filed Wednesday in a Utah federal district court, Alliance for a Better […]
Shares of the trucking giant jump 8% after hours, as fuel charges and demand for its railroad-connection business lift results
Executive Summary The war in Iran has scrambled traditional views of safety in fixed income, pushing investors out of long‑duration Treasuries and broad investment‑grade benchmarks and into floating‑rate, senior‑secured credit. From February 28 through early July, the Invesco Senior Loan ETF (BKLN) returned just over 3% on a total‑return basis, compared with losses of about […]
Iran released an American citizen who was detained in the country in 2024. A positive message from Trump: We aren;t getting many positive messages from trump on Iran, this could be significan and may give risk a boost and oil and the USD a lid. Let’s see.