Rithm Capital: 240% Coverage, 10% Yield, 17% BV Discount
Rithm Capital: 240% Coverage, 10% Yield, 17% BV Discount
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Corn Slipping Back to Start Thursday Following Wednesday’s Rally
Corn is trading with Thursday morning losses of 3 to 4 cents. Futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Open interest was up just 199 contracts. Spillover gains from wheat and increasing Black Sea strikes was supportive….
Ukraine Releases Intel on Russia’s Harder-to-Intercept Zircon Missile
Ukraine’s main military intelligence agency published a breakdown of Russia’s Zircon missile, a weapon Moscow has increasingly employed in its intensifying strikes. Russia has been investing heavily in advancing its missile arsenal, upgrading systems and making them harder for air defenses to intercept. That reaction to Ukrainian air-defense wins now represents a major challenge as…
IG Makes Prediction Markets a Growth Priority With $1.3 Billion Underdog Deal
IG Group has agreed to acquire US prediction markets and daily fantasy sports operator Underdog for up to approximately $1.3 billion, making the sector a central element of the broker’s next phase of expansion. The acquisition is a key outcome of the strategic review IG launched in March. Together with its proposed redomicile and refreshed…
Nomura Prices Largest Single-Bank SASB CMBS in Two Years – Commercial Observer
As it approaches its first birthday, Nomura Securities’ commercial real estate lending platform has an extra reason to celebrate: It just sealed the largest sole-bank single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS) deal in almost two years. The $719 million KELR 2026-MF deal is backed by 12 multifamily properties and one student housing asset, all…
The borrowing traps that cost investors their portfolios
As investors’ borrowing capacity becomes restrained following recent interest rate rises and tax reforms, failing to structure loans properly can lead to further costly consequences. According to Strategic Brokers director, Hung Chuy, the top three borrowing mistakes among investors were using cross-collateralisation, failing to have a buffer in place, and not considering all their loan…
US Army Command Updates Its Drone Curriculum Every 60 Days
The US Army’s training command in Germany is updating its drone warfare curriculum every 60 days in response to changes in this technology and the way it’s used on the battlefield. These changes reflect what soldiers are learning from using drones, as well as ongoing conflicts in the Middle East and Ukraine, and include electronic…
