Shares of GE Vernova fall in premarket trading despite raised revenue outlook
The stock declined nearly 5% despite the energy company upgrading its guidance for 2026 revenue by $1 billion.
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Overpricing leaves 44% of UK homes unsold in three years
Nearly half of all homes listed for sale in Britain have failed to find a buyer over the past three years, with estate agents attributing the stagnation to sellers pricing properties based on pandemic-era valuations. Data from Zoopla reveals that 44% of listed homes across Britain remained unsold during the three-year period, as the market…
When Delaware Statutory Trusts Work for 1031 Exchanges
Somewhere in most 1031 exchanges, the advisor hits a fork. The client has an appreciated rental or a small commercial building, a gain large enough that a straight sale would hand close to a third of it to the IRS, and a growing sense that they are done being a landlord. They have 45 days…
Veteran broker says rate cuts alone won’t fix what ails office and multifamily lending
Elliott Kunstlinger (pictured top), who recently joined Eastern Union as a senior mortgage broker, said the reality of those headwinds became clear following a recent conversation with a contact at a major institutional lender. “Yes, rates are where they are, and everybody likes to point to that,” Kunstlinger told Mortgage Professional America. “But I was…
COGE Charter Revision Panel Seeks to Cut Red Tape
The Mamdani administration’s independent charter review panel, dubbed the Commission on Government Efficiency, plans to propose ballot measures aimed at overhauling how the city handles permitting and procurement processes. COGE will propose that voters decide whether the city should establish a central hub to obtain permits for construction projects, along with measures to streamline how…
CME Group to Launch Sorghum Basis Futures | LeapRate
On Tuesday, derivatives marketplace CME Group announced plans to launch Sorghum basis futures, with trading expected to begin on 24 August 2026, pending regulatory review. Sorghum is a versatile commodity positioned to meet demand from the domestic feed industry, international export markets and, increasingly, biofuels. The new basis contract reflects the price difference between sorghum…
Elevated Housing Demand Fueling Record-High Home Prices
In June, the median sale price of homes in the U.S. increased by an estimated 2.2% compared to the previous year, reaching a new record high of $408,776, according to Redfin. The U.S. existing-home sales increased by 0.1% month-over-month (MoM), reaching a seasonally adjusted annual rate of approximately 4.4 million, marking the highest level since…
