GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks
Consumer spending and business investment in AI drive the economy forward
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Court won’t force Bitcoin sale, orders money returned with interest
The court declined. It found the parties never formed an enforceable contract to buy or sell Bitcoin. The two sides had done business before. Under an August 2021 written agreement, the buyer wired funds, the seller sent a quote setting the quantity and unit price, and the buyer approved it in writing before any Bitcoin…
Remodel financing gap signals opportunity for lenders
Optimism surrounding the remodeling market dipped slightly in the second quarter, despite strong May numbers, a new survey found. Processing Content The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point drop from the first quarter but still comfortably in positive territory and up from…
Warren probes Pentagon program to hire highly paid private sector workers
U.S. Secretary of Defense Pete Hegseth and Sen. Elizabeth Warren (D-MA). Alex Wong | Tasos Katopodis | Getty Images Sen. Elizabeth Warren is raising concerns about the Defense Department‘s plan to recruit private sector professionals to improve contracting and capital allocation, warning in a letter shared first with CNBC that it could present “significant conflict…
PwC UK agrees terms for 350,000 sq ft at One Eden in Canary Wharf
Canary Wharf Group says the agreement reflects growing demand for premium sustainable office space. 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 post PwC UK agrees terms…
New York Top Real Estate Deals: Wednesday, July 29
There were 191 transactions totaling $640 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, July 29. 🏆Commercial: The biggest commercial sale to hit records was in Midtown, with Korman Communities’ takeover of BlackRock’s majority stake in three extended-stay hotels. The price tag was $220 million. Korman had…
EBC Financial UK Alleges a Former Director “Misappropriated Funds”. How Big of a Hole Is It?
The UK unit of EBC Financial revealed in its annual financial statements that one of its “former directors had misappropriated funds from the company’s bank account.” The company, however, did not name the former director, but highlighted that “the matter is currently under investigation by the authorities whilst the company is considering its legal options.”…
