Real REMAX Group closes merger, REAX begins trading Aug. 25
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Speed Becomes the Product as OpenAI and Google Sell Faster AI
OpenAI and Google both released faster artificial intelligence models this week. Both put speed at the center of the pitch, and both are starting to treat response time as something businesses will pay for on its own. OpenAI’s new tier is called Ultrafast, and for now it is a preview open to a small group…
Coffee Prices Jump as Heavy Rains Delay Brazil’s Coffee Harvest
September arabica coffee (KCU26) today is up +9.60 (+3.06%), and September ICE robusta coffee (RMU26) is up +33 (+0.88%). Coffee prices are sharply higher today on concern that heavy rain in Brazil will further disrupt the country’s coffee harvest and tighten global supplies. Somar Meteorologia reported today that 32.4 mm of rain, or 2700% of…
Longpoint Partners Buys Miami-Dade Warehouses for $39M – Commercial Observer
Private equity firm Longpoint Partners has paid $38.8 million for a 121,579-square-foot industrial complex in Miami-Dade County. The property includes three warehouses, two totaling 94,500 square feet at 7200 Northwest 84th Avenue and the third spanning 27,079 square feet at 8251 Northwest 70th Street. All three are in Medley about half a mile west of…
Bank deregulatory bill passes House, goes to Senate
Key insight: The Main Street Capital Access Act passed the House in a 270-155 vote. Forward look: It’d be very difficult to get new legislation through the Senate, especially with the opposition of Senate Banking Committee ranking member Sen. Elizabeth Warren, D-Mass., but the bipartisan appeal of the vote signals that some of the provisions…
IMBs’ origination profits up with volume at four-year high
With average origination volume at its highest level in four years, independent mortgage bankers now have five consecutive quarters of pretax net production profits, a quarterly survey found. Processing Content This continued the turnaround from the widespread losses posted between 2022 and 2024, Marina Walsh, the Mortgage Bankers Association’s vice president of industry analysis, said….
A Gastroenterologist Shares How He Eats During the Cyclospora Outbreak
This as-told-to essay is based on a conversation with Dr. Stephen Chang, a gastroenterologist and the interim endoscopy director at Northwestern Memorial Hospital and an assistant professor of medicine at Northwestern University’s Feinberg School of Medicine. The following has been edited for length and clarity. Since the cyclospora outbreak, my family hasn’t changed what we’re…
