AI may force these workers to retire earlier than planned
Older workers now face two major impediments: looming Social Security cuts and rapidly evolving workplace priorities
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New York Enacting Nation’s First Statewide Data Center Moratorium – Commercial Observer
Commercial real estate’s booming data center industry is suddenly not in an Empire State of mind. New York Gov. Kathy Hochul is slated to sign an executive order Tuesday morning enacting the nation’s first statewide moratorium on construction of the large-scale data center facilities that have been powering the country’s increased usage of AI. The…
Foundation and Principality Intermediaries increase rates – Mortgage Strategy
Foundation has announced changes to selected products across its buy-to-let (BTL) range, effective today. The updates include rate increases across selected F1, F2 HMO, F2 MUFB, Large HMO, Short Term Let (STL) and Expat fixed rate products. The lender is increasing prices by as much as 0.30% on selected F1 two- and five-year fixed products…
Average asking rent sinks to lowest June figure in four years
At the provincial level, British Columbia and Ontario led the national retreat, each posting a 5.3% year-over-year decline to average asking rents of $2,377 and $2,233, respectively. Alberta fell 4.2% to $1,766, while Quebec saw a 2.2% drop to $1,929. The sole regional exception was Atlantic Canada, where average asking prices rose 5.3% to $2,271….
Meet the Developers Behind the Pfizer Building Conversion
New York City turned its eyes towards the former Pfizer building in Midtown East Tuesday morning, but not for the reason the developers would’ve hoped. Reports emerged before 8 a.m. of debris falling from the construction site at 235 East 42nd Street, arguably the country’s most notable office-to-residential conversion post-pandemic to unfold. As of midday,…
Down Nearly 12% in June, This “Magnificent Seven” Stock Is a No-Brainer Buy Right Now
Key Points Investors haven’t been too fond of Amazon’s capital expenditure estimates for this year. Backlog for its AWS segment totaled $364 billion at the end of the first quarter. Amazon is spending to build out its AI infrastructure and increase computing capacity. These 10 stocks could mint the next wave of millionaires › Amazon…
How a serial borrower fooled 7 banks out of $39 million
Key insight: A single borrower obtained fraudulent commercial loans from bank after bank for nearly a decade, using companies he controlled and false equipment-purchase applications. What’s at stake: The case shows how commercial-loan underwriting can be gamed repeatedly across institutions; U.S. Bank alone is owed about $5.6 million. Supporting data: Restitution totals $19,414,187.15 across six…
