The AI Trade Faces A Final Flush Lower, I'm Buying It

Corn futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July was just 1 ¾ cents higher. The CmdtyView national average Cash Corn price was a nickel higher at $4.13 3/4.  The weekly Crop Progress report showed 16% of the US corn crop silking by July 5, 2…

In June, the median monthly rent requested across the 50 largest metro areas decreased to $1,692, representing a decline of 1.5%, or $25, compared to the previous year. This reduction signifies the 35th consecutive month of year-over-year decreases, as a prolonged boom in multifamily construction continues to exceed national demand, as reported in the Realtor.com…

New lending requirements, rising insurance premiums and aging buildings have contributed to the rising cost of condo ownership.

Social media and GLP-1s are spurring increased interest in hydration products, and companies are responding with things like electrolyte mixes and “hydrating hot chocolate.”

A performance measure for Federal Housing Administration-insured loans improved markedly in the past month, according to the latest numbers from Intercontinental Exchange’s mortgage technology unit. Processing Content New FHA defaults were down 15% over the previous year’s levels in June, marking the biggest decline in more than four years and potentially giving servicers more bandwidth…

Editorial & Advertiser disclosure Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press…