Key insight: New York’s executive order freezes state environmental permits for data centers of 50 megawatts or more. The governor says the pause will last up to a year, but the order sets no end date and the environmental review behind it carries no deadline. Supporting data: Banks lent an estimated $14.9 billion against data…
The Milwaukee skyline in 2024. The city is moving toward a bond-financed municipalization of its electric utility.Bloomberg News Milwaukee is considering a bond-financed municipalization of its electric utility, which is currently run by investor-owned We Energies, to give the city more say on rates, which it claims have increased. Processing Content In a municipalization, the…
Gold is feeling the summer heat with a drop below US$4,000 per ounce on Wednesday (June 24). The yellow metal hasn’t been below that key psychological level since November 2025, but a stronger US dollar, expectations of higher interest rates and cooling tensions in the Middle East are combining to push the price down. Gold…
If you’re a business owner in need of quick financing, comprehending private money lenders is essential. These lenders offer flexible options customized for startups and small businesses, often prioritizing cash flow over credit history. In 2025, several top private money lenders stand out, each providing unique loan solutions to suit various needs. But which ones…
For the first six months of 2026, Goldman Sachs posted net revenue of $37.57bn and net profit of $12.26bn. Credit: Piotr Swat/ Shutterstock.com. Goldman Sachs profit has surged in the second quarter (Q2) of 2026, benefitting from a booming trading environment and continued growth in asset and wealth management. The US-based bank reported net earnings of $6.63bn in the quarter ended 30 June 2026, a…
The distinction matters because AI will not affect both models equally, Schieken said. High-volume brokers who have already reduced per-borrower contact time to near zero are the most exposed, because their model begins to look more like a transaction platform than a relationship business. “There are individual brokers doing $500 million in volume a year,…
The broker’s shift from rate quoter to strategist The advisor role in this industry has never mattered more than it does right now. Borrowers are flooded with headlines about inflation, tariffs, employment data, and Fed policy, and much of that information is incomplete or contradictory once you apply it to a single household situation. One misconception I…
Gold and silver prices today, 15 July: The price of the yellow metal in India’s retail market plunged on Wednesday to ₹142,170 per 10 grams, marking a drop of 0.57% or ₹820 at 9:10 AM, according to Bullion Association of India data. At the same time, 999 fine silver was down 0.47%, trading around ₹222,620…
After analysing large-cap funds on Value Research, none was found to have touched a Sharpe ratio of 1. The Sharpe ratio measures how efficiently a mutual fund has generated returns relative to the volatility or risk it assumes. By contrast, several mid-cap and small-cap funds reported Sharpe ratios above 1, indicating stronger risk-adjusted performance. Sharpe…
More than two crore income tax returns have been filed so far for AY 2026-27 as the ITR deadline draws closer. To avoid errors while reporting income, taxpayers must keep all their necessary documents ready before starting the filing process, including the interest certificate issued by their banks or post office. The interest certificate provides…