Homebuyers are sitting out the market as pending sales hit six-month low
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The wheat complex led the grain rally on Friday, following more Black Sea news. Chicago SRW contracts were up 11 3/4 to 22 cents on Friday, with a weekly gain of 35 cents. KC HRW futures led the wheat rally, with contracts up 15 to 33 cents on Friday, as September was 40 ¼ cents…
A St. Louis organization is working to revitalize lower- to moderate-income neighborhoods through art—but with a radical twist. Traditionally, artists move into underinvested neighborhoods, add cultural value, and are subsequently priced out when market-rate developers swoop in. The Art Place Initiative (API) is rewriting that script by helping local artists buy the homes they live…
In the latest big-ticket deal in the pharmaceutical industry, Vertex Pharmaceuticals (VRTX 1.31%) and Crinetics Pharmaceuticals (CRNX +98.74%) announced in a joint press release that Vertex is acquiring Crinetics. This won’t come cheap, to put it mildly; it’s a premium-priced deal that will cost billions of dollars. Here’s a look at whether that’s likely to…
Luxury real estate has entered a new amenities arms race—and this time, it has very little to do with sprawling spas, cold plunges or tricked-out fitness centers. Instead, some of the biggest names in the culinary world are teaming up with high-end residential developers, with Michelin-starred chefs and celebrity restaurateurs creating private dining experiences exclusively…
Key insights: Nium, which has a large customer base in Europe and APAC, is expanding card issuance to the U.S. What’s at stake: Nium is focused on a variety of business payments, but hopes to find demand from corporate travel, which is a large but complex market. Forward look: Nium plans to use its existing…
For finance chiefs, the technology challenge is no longer a lack of options. It is an excess of them. Chief financial officers are being presented with an expanding menu of artificial intelligence tools, real-time payments capabilities, forecasting platforms, treasury systems and automation products, each promising faster decisions, greater efficiency or more control. The pressure to…