Spousal lifetime access trusts can help ultrawealthy couples reduce estate taxes, but advisors must be careful when both spouses establish them. If the two trusts are too similar, the IRS could challenge the arrangement. Processing Content A type of irrevocable trust, a SLAT allows one spouse to transfer assets out of his or her taxable […]
Expand Energy earnings beat by $0.19, revenue fell short of estimates
Options Technology revealed Tuesday that it has expanded its New York office, citing rising client growth and increased demand across North America for its trading infrastructure and market data services. The provider of IT infrastructure to financial institutions said the 34,000-square-foot office, in the city’s Financial District, deepens its footprint and brings it closer to […]
D-Wave Quantum: Tread Lightly On Quantum Hype
The artificial intelligence (AI) industry is dividing itself along one of the software sector’s most fundamental debates: open versus closed source. The Monday (July 27) announcement that Nvidia had launched an AI safety coalition with companies including Capital One, CrowdStrike, DoorDash, Microsoft, IBM, SpaceX has underlined the marketplace implications of whether the most capable AI models should remain controlled by their […]
Key takeaway: Community banks argue that the proposal could divert deposits and payment activity. Expert quote: “If less-supervised payment firms receive direct access without equivalent expectations, those firms could gain operational advantages while shifting risk to receiving banks, customers, and the broader payment ecosystem.” —Jenn Bertematti, managing director of bank operations at INTRUST Bank What’s […]
USDCAD cannot extend below the 200 hour MA. Bouncing modestly into the close !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Volatility around the AI trade has been rough this week for bullish bets on stocks via leveraged ETFs
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A year has passed since tragedy struck Manhattan’s 345 Park Avenue. On July 28, 2025, a gunman entered the office tower, owned by Rudin Management, with an assault rifle. He killed four people: police officer Didarul Islam, Rudin associate Julia Hyman, Blackstone real estate executive Wesley LePatner and security guard Aland Etienne. The gunman then […]