The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next batch of megacap earnings reports, while falling oil prices provided Wall Street with some support even as Middle East hostilities continued. The S&P 500 ended close to flat but its biggest weight…
A new wave of tariffs from US President Donald Trump on more than 80 countries has dashed expectations that all will be well in the near future for the world economy and dampened investors’ sentiment while global markets grapple with the impact of crude oil prices hovering around $100 per barrel, led by the devastating…
Swiss cantonal lender BancaStato has expanded its product range by introducing regulated cryptocurrency trading for its customers, powered by digital asset specialist Sygnum and core banking technology provider Avaloq. The collaboration allows account holders to purchase, retain, and dispose of Bitcoin, Ethereum, Litecoin, and Solana without leaving the bank’s familiar digital channels. Banca dello Stato…
Carlyle Group and Haussmann Development have plans to partner on a 99-unit apartment complex in Brooklyn’s Crown Heights neighborhood. The two developers filed plans Thursday with the New York City Department of Buildings (DOB) to bring a new 12-story mixed-use building to 566 Grand Avenue, near the corner of Grand Avenue and Bergen Street. SEE…
Shutterstock/AI/Leon Parks For mortgage brokers, the first half of this year brought back unhappy memories of 2022. The US-Israeli strikes on Iran at the end of February triggered a period of market turbulence and rapid rate hikes that had echoes of the Liz Truss Mini-Budget three and a half years earlier. While the turmoil was…
There is a distinct psychological whiplash that occurs when we transition from a lifetime of accumulating wealth to the sudden reality of decumulation. In a recent episode of our Retirement Evolution series, I sat down with Andy Fear from M&G to delve into the complex behavioural barriers that surface when the regular pay cheque stops….
Weave Robotics opened preorders this month for Isaac 1, a home robot designed to sort laundry, make beds and tidy rooms. Customers can buy it outright for $7,999 or pay $449 a month, with a refundable $250 preorder deposit, according to Weave’s product page. California deliveries begin this fall, with broader U.S. availability through 2027….
At June’s FOMC meeting, nine of the 18 officials who submitted projections indicated the federal funds rate should finish 2026 above its current range, with the median year-end estimate rising to 3.8% from 3.4% in March. Warsh declined to submit an individual forecast. September now the meeting mortgage professionals must watch Mortgage rates have moved…
Waterstone Financial’s mortgage banking income rebounded from the first quarter’s just above breakeven numbers, helped by a $114 million increase in originations. Processing Content “The mortgage banking segment achieved solid growth in loan origination volumes compared to the prior year, but this growth was offset by softer sales margins,” William Bruss, CEO of Waterstone Financial,…
The S&P 500 ended its choppy week in the red, ultimately finishing with a loss of 0.6%. This marks the second straight weekly decline, the longest streak since late March. Key Takeaways The S&P 500 posted a 0.6% weekly loss. The index is currently sitting 2.6% below its record close reached on June 2nd, 2026….