Why wholesale lending needs smoother broker-lender handoffs
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Foreign portfolio investors (FPIs) infused ₹30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows ₹20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had…
The former New Jersey home of music legend Les Paul has been demolished just months after it was sold to private developers for $990,000—leaving his family in an uproar amid claims that they were given no warning about its destruction. Les, who died at age 94 in 2009, was an innovative musician who built the…
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Regional divergence grows sharper The national picture conceals stark regional contrasts. West Palm Beach, Florida led pending sales gains with a 9.6% year-over-year increase, followed by San Francisco at 4.7%. Seattle posted the steepest decline, with pending sales down 17.9% year over year, and Houston fell 16.3%. For brokers originating in Texas markets, that trajectory…