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Housing Affordability Crisis Hits Buyers, Sellers, Renters, and Landlords Alike
Before New York City voted to freeze rents for more than 1 million rent-stabilized apartments, one member of the Rent Guidelines Board tried to make a point about the buildings themselves. “As the owner’s representative, my primary concern is ensuring that rent-stabilized buildings…” Maksim Wynn began, before a raucous crowd drowned him out with chants,…
Only Modestly Weaker After Trump Says Ceasefire is Over
Iran-related headlines have jumped back to the realm of relevance this week and Wednesday morning’s overnight session kicked things up another notch. Trump declared the ceasefire to be over and is currently saying peace deal negotiations may not even continue. Markets definitely reacted with oil and Treasury yields spiking overnight. The interesting part is the…
Unregistered broker fined $55,000 for BC mortgage activity
Makkar was first registered as a submortgage broker in October 2013. In October 2021, she renewed her registration under Centum Mortgage Solution (1183335 B.C. Ltd.) in British Columbia. On or about January 23, 2023, Centum Mortgage Solutions shut down operations and terminated its brokerage licence. Two days later, BCFSA notified Makkar by email that she…
Physical AI’s Biggest Challenge Is the Last 50 Feet
Last-mile delivery, the final leg that moves a package from a local hub to a customer’s door, already accounts for more than half of total supply chain costs, and U.S. carriers spend an estimated $90 billion a year on that leg alone, according to industry estimates cited by Boston Dynamics. Almost all of that expense…
Study shows growing bank entanglement with private credit
Key takeaway: Bank lending commitments to business development companies, or BDCs, increased from about $10 billion in 2013 to more than $50 billion by 2025. Even under a severe stress scenario, banks would generally be protected because they hold senior secured claims on BDCs, giving them first priority for repayment. Expert quote: “In a market…
Angela Rayner in shock return as housing secretary
10:14 AM, 21st July 2026, 5 hours ago 6 Angela Rayner has returned as housing secretary less than a year after resigning from the post over the stamp duty paid on her £800,000 flat in Hove. The appointment brings her back to the department under Prime Minister Andy Burnham, with Ms Rayner saying she is…
