How one broker automated the busywork slowing other LOs down

Han Wang insists his intentions were pure. The 25-year-old cofounder of Mintlify is a prolific X poster, sending off his snippets of management philosophy to the platform’s techies. One of his essays fanned the flames of Silicon Valley’s hardcore workplace debate. He called it: “Remember to not smile.” Wang said that the essay’s lesson was…

Francesco Galesi, who became one of the richest players in the real estate industry while building a development empire has died at the age of 95.  Galesi died on Friday in Palm Beach, Florida, the Times Union reported. Galesi Group chief executive officer David Buicko, who took charge of the company a decade ago, confirmed…

The Consumer Price Index came in FAR below expectations with a core reading of 0.0 vs 0.2 forecasts. In unrounded terms, it was -0.17%. Headline CPI was more sharply negative than expected at -0.4 vs a -0.1 forecast. Supercore (which excludes housing) was down -0.2 which is the first negative reading in over a year….

Recent experience suggests the safest assumption about oil prices and bond yields is that they will pop and drop with reasonable regularity. In other words, lower prices/yields for a few days following friendly war-related headlines tend to give way to unfriendly headlines and a market reversal. Wash, rinse, repeat. The new week is starting off…

Paragon Development Finance has provided £4.5 million in revolving development finance to support igloo’s residential scheme at Riverside Sunderland, the FTSE 250 lender has announced. The funding will support the construction of 34 homes across two phases, comprising two-to-four bedroom townhouses, maisonettes and apartments. All properties are being built using modern methods of construction following…

CME Group revealed on Monday that nearly 15,000 of its 1-Ounce Gold futures contracts traded during the opening weekend of its new round-the-clock schedule, representing about $60 million in notional value. The derivatives exchange operator launched the 24/7 trading format for the contract, allowing customers to trade regulated gold futures at any time of day,…