Listen to the audio version of this article (generated by AI). Legend has it that Marco Polo once stood in the court of Kublai Khan and watched the night sky explode. Fire arrows streaked through the darkness. Explosions cracked across the palace grounds. Strange devices skittered along the floor, spitting sparks in every direction. To…
ISAIA, a luxury menswear brand out of Naples, Italy, has signed a 13,000-square-foot lease renewal on the 10th floor of the Feil Organization’s 257 Park Avenue South, the property owner announced Tuesday. Feil said the brand has “recommitted” to its corporate showroom space at the property, also known as the Gramercy Park Building. The length…
Shawbrook has cut rates across its commercial and semi-commercial mortgage range by up to 35bps. The lender has also trimmed rates by up to 50bps on its commercial trading mortgage range on selected two-, three- and five-year products aimed at owner-occupiers and trading businesses wanting to buy or refinance. Shawbrook director of real estate proposition…
Pegasystems stock tumbles 10% as AI challenges drive Q2 earnings, revenue miss
BNPL provider Affirm (NASDAQ: AFRM) has deepened its collaboration with Amazon to introduce installment payment options directly on the Amazon Business platform. This move allows eligible business owners to spread the cost of qualifying purchases over time, enhancing cash flow management and purchasing capacity without the complexities often associated with traditional business credit. Amazon Business…
This as-told-to essay is based on a conversation with Dr. Stephen Chang, a gastroenterologist and the interim endoscopy director at Northwestern Memorial Hospital and an assistant professor of medicine at Northwestern University’s Feinberg School of Medicine. The following has been edited for length and clarity. Since the cyclospora outbreak, my family hasn’t changed what we’re…
Non-qualified mortgage loans, by their nature, have risks not commonly seen in conforming underwriting. Processing Content To meet those needs, RiskSpan launched Credit Model 7.1 last week. It works alongside RiskSpan’s existing non-QM prepayment model, which predicts how fast borrowers pay off their loans. Together, the two models let clients estimate both credit risk and…
A new nontraded multifamily REIT was born this week as part of a $617M recapitalization of more than 60 properties, including an under-construction apartment tower in Manhattan. Grubb Properties’ 8 Carlisle St. multifamily project is expected to top out this month. Charlotte-based Grubb Properties consolidated several legacy funds into Link Apartments REIT, a newly formed…
ESPN is undergoing a significant round of layoffs for the first time in three years after taking over NFL Network in April. Chairman Jimmy Pitaro said in a memo to employees Tuesday morning, obtained by The Associated Press, that most moves are the result of ESPN’s acquisition of NFL Network and other league digital assets…
The real question, therefore, is whether India can unlock a new growth engine by building on institutions that communities already trust. If the answer is yes, cooperatives could help shape the next chapter of India’s insurance inclusion story—where financial access evolves into financial resilience, where trust accelerates adoption, and where economic progress is not only…