Freddie Mac earnings soar 61% as credit reserve release lifts profits

Key Takeaways Economic growth is stronger than headline GDP suggests. Private sector activity currently outpaces GDP, which has been dragged down by net exports.  The labor market is tight, not strong. Worker scarcity should keep jobs growth cooling and unemployment low. » Inflation likely peaked in May. Led by fading energy costs and cooling housing…

The week was marked by growing scrutiny of the retail prop trading industry after a commercial dispute between a platform provider and one of its clients sparked broader debate about infrastructure dependence and operational resilience. Elsewhere, brokers continued to broaden their product offerings, financial results reflected active trading conditions during the first half of the…

As Islamic finance continues to expand beyond traditional products and markets, Emirates NBD Capital stands out for its ability to apply Shariah-compliant structures to increasingly complex financing challenges. Rather than simply delivering scale, the firm demonstrated how Islamic financing techniques could be adapted across sectors, geographies and borrower requirements – from bespoke credit-enhanced murabaha facilities…

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An artificial intelligence-driven infrastructure technology company is relocating its offices to Midtown. Philadelphia-based Treeswift signed a four-year, 7,487-square-foot lease on the entire 11th floor of the Hakimian Organization’s 256 West 38th Street in an expansion of its New York City operations, according to landlord broker Lee & Associates NYC. Asking rent was $39 per square…

Since Bill Pulte became acting director of national intelligence on June 19, he has been dividing his time among that role, his position as director of the Federal Housing Finance Agency (FHFA) and his chairmanship of both the Fannie Mae and Freddie Mac boards. Democratic Senator Elizabeth Warren of Massachusetts, the ranking member of the…