Why is Truist Financial stock gaining in after-hours trading today?

Alts investment platform CAIS announced a $170 million Series D financing. The round includes investments from lead participant Vista Equity Partners, as well as AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and Royal Bank of Canada. The round values CAIS at over $2 billion, bringing total capital…

European markets finish mostly higher despite a rise in bond yields !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Goldman Sachs aims to ensure that new artificial intelligence tools don’t lead to a loss of knowledge within the institution, Chris Churchman, head of the company’s digital platform for institutional clients, Marquee, said, CNBC reported Monday (Aug. 24). Speaking during an episode of Goldman Sachs’ podcast, Exchanges, Churchman said an overreliance on AI could lead…

New York City homeowners who want to apply for an exemption from Mayor Zohran Mamdani’s pied-à-terre tax have been given an additional month to do so, officials announced. The Gothamist reported that residents across the city’s five boroughs who feel their homes are being unfairly targeted by the new tax on secondary residences previously had…

Builder sentiment weakened further in July as affordability challenges and ongoing economic uncertainty continued to weigh on the market for new single-family homes. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) slipped two points to 34, marking the 15th consecutive month the index has remained below 40–the longest such stretch since…

“In the initial stages, 60% of the borrowers were defaulting on their trials,” she said. “Across our network, which I think is a pretty good sampling, we saw about 60% of these people failing because these were the steady people that just kept re-hopping on. They would make one payment, sometimes none, and get another…