For 44 years, this investor held aces in the long-bond game. He just folded.
Lacy Hunt’s about-face on long-term Treasurys marks the end of an era. Here’s what it means for your money.
Lacy Hunt’s about-face on long-term Treasurys marks the end of an era. Here’s what it means for your money.
Melissa Cohn, regional vice president at William Raveis Mortgage in New York, told MPA the pattern was familiar. “Remember when the mansion tax started, and everyone said people aren’t going to buy, and this is a problem, and it’s going to ruin the real estate market? And nothing really happened,” Cohn said. “The mass exodus never…
New York City apartment developers are building fewer studio apartments as they seek to make an unpopular housing incentive work for their projects. Bisnow/Ciara Long Phipps Houses’ Kelly Biscuso, Stantec’s Daniel Cohen, Fogarty Finger’s Harshad Pillai, Fairstead’s Seth Hoffman, New York City Housing Partnership’s Jamie Smarr and Adler & Stachenfeld’s Alvin Schein onstage at Bisnow’s…
FIS (NYSE: FIS), a global financial technology provider, and Anthropic, an AI safety and research focused company, have announced the expansion of their strategic partnership. This development focuses on integrating sophisticated agentic artificial intelligence into core banking functions, with an initial emphasis on combating financial crimes. The centerpiece of this extended collaboration is the launch…
Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported a sharp rise in customer accounts and trading activity for the quarter ended 30 June 2026, with customer accounts increasing 34% year-on-year to 5.19 million. Customer equity rose 40% to $930.3 billion, while total Daily Average Revenue Trades (DARTs) increased 36% to 4.82 million. Customer credit balances grew…
Interview with Piero Cipollone, Member of the Executive Board of the ECB, conducted by Élisabeth Montaufray-Bureau on 10 July 2026 15 July 2026 What is your view on last Thursday’s vote by the European Parliament to back the digital euro? It was a very important step because the Parliament represents Europe’s citizens and its endorsement…
Sales of new-construction homes bumped up a bit in June, as median sales prices slid and gave buyers an affordability boost. Contract signings for newly built homes hit a seasonally adjusted annual rate of 628,000 in June, 1.5% up from May, according to data released by the U.S. Census Bureau and Department of Housing and Urban Development Friday. That’s…