In a 2023 essay published in Science, one of us argued that nothing in the law of several states clearly prevents an AI agent from operating a company with no human at the helm. It then asked a plain question: when autonomous software begins to contract, pay suppliers, and transact on its own, what should…
President Donald Trump on Monday said the U.S. will impose fees in the Strait of Hormuz “at the rate of 20% on all cargo shipped,” after declaring America the “guardian” of the major oil shipping route. Trump, in a Truth Social post, also said the U.S. will reimpose its blockade of Iranian ports near the…
Prosper Property Group and HM Group USA have closed on a Tribeca lot that is part of a long-running development saga. The pair told The Real Deal they have completed a deal for 65 West Broadway, an empty lot on the corner of Warren Street that has sat undeveloped for nearly a decade. Prosper, led…
A surge in U.S. inflation to a three-year high has begun to recede, but life isn’t going to get more affordable for Americans anytime soon.
Christopher Waller, governor of the US Federal Reserve, during the Federal Reserve’s Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schwartz | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday expressed concern about inflation but cautioned against “fighting the last war,” saying the central bank should wait…
At 21st Century Brand we have spent the last 18 months asking a deceptively simple question: When someone asks an AI system to recommend a brand in your category, how does it choose that brand? The answer has very little to do with who spends the most on marketing. It has everything to do with…
New Mountain Finance: Overpenalized, 35% NAV Discount, 14% Yield
The wheat complex is mostly lower across the three exchanges. Chicago SRW contracts are down 2 to 3 cents on the day. KC HRW futures are down 7 to 8 1/2 cents at the midday part of the session. MPLS spring wheat is steady to fractionally lower on Monday. USDA’s FGIS tallied wheat export shipments…
The Senate Banking Committee and the House Financial Services Committee will hear testimony Tuesday and Wednesday from Federal Reserve Chair Kevin Warsh and acting Consumer Financial Protection Bureau (CFPB) Director Russ Vought Their appearances mark Warsh’s first appearance on monetary policy since his confirmation in May and many observers anticipate that Congress members will want…
Fraud Report, AMC, Non-QM Products, eNote News; ROAD to Housing Thoughts; Oil and Rates Recently, MISMO released its new white paper, “From Paper to Performance: How eNotes and eClosing Streamline Liquidity,” providing guidance for originators, warehouse lenders, investors, and technology providers to implement digital mortgage solutions. Today at 10AM PT is Now Next…