(Bloomberg Opinion) — Private equity may be our No. 1 economic boogeyman. It is blamed for rising real estate prices, poor medical care, and ruining many of the businesses we used to love. And yet it is also being mainstreamed as an asset class, with most everyone seemingly wanting a piece of the $7 trillion…
For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and shaping market movements. Those days are over. While the technology-heavy Nasdaq 100 Index is up 16% in 2026 and the S&P 500 has climbed 10%, an index of the Mag 7 has gained just 1.7%. The AI rally has…
Exchange of letters between the Governor and the Chancellor
Major renovations on aging buildings require delicate structural work, particularly when developers add floors, cantilever new sections or redistribute loads through an existing frame. Structural engineers say those projects demand extensive analysis to ensure existing structures can safely support new weight and altered load paths. When something is overlooked in the design, engineering or construction…
Asking rents in Canada continued to sink lower last month compared with a year ago, with a new report pegging the average cost at $2,033 for June.
As part of the Finance Magnates × iFX EXPO International 2026 collaboration, the inaugural Finance Magnates Industry Talks podcast studio welcomed some of the industry’s leading voices for a series of exclusive interviews recorded live during iFX EXPO International 2026 in Limassol, Cyprus. Go beyond the conference stage with conversations that give you direct access…
Key takeaway: For the third time in a little over five years, Business First has acquired a nonbank firm that serves other community banks. Supporting data: Business First’s two consulting units, Smith Shellnut Wilson and Waterstone LSP, generated nearly $8 million in revenue in 2025. Expert quote: “Joining forces allows us to deepen our capabilities…
The S&P 500 Index ($SPX) (SPY) today is down -0.49%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.96%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.19%. September E-mini S&P futures (ESU26) are down -0.49%, and September E-mini Nasdaq futures (NQU26) are down -0.21%. Stock indexes are moving lower today as crude oil prices and bond…
Developer Kolter Group and private equity firm Rockpoint have secured $107.8 million to build a garden-style multifamily project in Palm Beach Gardens, Fla., property records show. PNC Bank provided the construction debt for the Sutton, a five-story, 432-unit development just north of North Military Trail, west of Dixie Highway. Amenities will include a pool, a…
Anthropic is fully invested in Manhattan’s artificial intelligence office boom, sealing the deal for a full building in Hudson Square. The AI firm is leasing the 16-story building at 330 Hudson Street from AEW Capital Management, the New York Times reported. Details about the lease, including asking rent and broker involvement, were not disclosed. It…