Stop-work orders spread in NYC office-to-residential conversions

Despite presenting itself as a mortgage investment corporation, Altmore did not establish a significant portfolio of mortgages or real estate secured loans. While some legitimate loans were arranged, most investor funds were not invested as represented.  Of the approximately $5.3 million raised, about $3 million was returned to investors, typically drawn from the capital of other…

Gold slid over 1% in early Asian trade on Monday, as fears of the Strait of Hormuz closure drove oil prices sharply higher, reviving expectations of elevated interest rates to combat inflationary pressures. FUNDAMENTALS Spot gold dropped 1.2% to $4,072.78 per ounce by 0050 GMT. U.S. gold futures for August delivery were down 0.8% ‌at…

The rupee snapped a five-session losing streak on Tuesday, aided by easing crude oil prices and stronger-than-expected foreign exchange inflows under the Reserve Bank of India’s (RBI’s) recent measures to shore up the country’s foreign exchange reserves.   The domestic currency settled at 96.24 per US dollar against the previous close of 96.45…

The basil mayo definitely stood out to me, and I already can’t wait to make it again. I enjoyed it as a dipping sauce for my fries, but it definitely worked better as a sandwich add-on. On the sandwich, the salty flavor perfectly complemented the juicy tomatoes. When paired with fries, though, the saltiness was…

A group of landlords is suing over New York’s rent freeze.  After New York’s Rent Guidelines Board voted last month to freeze rents in stabilized apartments, six landlords are petitioning the New York Supreme Court to annul the freeze and send the issue back to the board for a rent increase.  The suit argues that…

Over the five trading sessions ending July 24, the Sensex declined 2.68%, or 2,092 points, to close at 76,059. The benchmark index finished lower in each of the five sessions (July 20–24). Despite the broader market weakness, 11 smallcap stocks bucked the trend, posting gains in all five trading sessions and delivering cumulative returns of…