Last week’s upside surprise in payrolls underscored the resilience of the labor market despite growing concerns that AI-driven productivity gains could weaken hiring. The strength in the most recent labor readings also significantly increased the likelihood of a September rate hike. Inflation has made meaningful progress, but it remains above target, and a still-solid labor […]
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“A lot of economists were predicting that the second half of the year would be a little bit better, in particular with the detached market,” Green said. Listings retreat alongside sales New listings totalled 4,991 in July, an 11.5% decline from 5,642 a year earlier, but landed essentially on the 10-year seasonal average of 4,992. Active inventory…
Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed funding capacity to nearly $700 million. The new financing includes a $350 million variable funding note (VFN) facility and a $175 million asset-backed securitization (ABS), the company said in a…
High-performance applications of the nonuniform fast Fourier transform to option pricing – Journal of Computational Finance Skip to main content End of drawer navigation content We develop a fast, flexible framework for Fourier-based option pricing that overcomes key limitations of standard FFT methods. The method combines very high accuracy with high throughput, achieving pricing errors…
Selena Gomez set out to create “the world’s first mental fitness ecosystem.” Instead, the startup is becoming her own personal headache. A federal lawsuit filed Thursday offers a detailed account of what investors say went wrong at Wondermind — from an app that was never built to major corporate partnerships they allege never existed. Gomez…
H&R Real Estate Investment Trust says it has agreed to sell all of its assets to GO Residential Real Estate Investment Trust for around $6.7 billion and a consortium of other companies, including U.S. private equity firm Blackstone Inc. H&R, one of Canada’s largest real estate investment trusts, says the deal includes a portfolio of…
BoE backs away from mandatory gilt clearing – Risk.net Skip to main content Close navigation menu End of drawer navigation content Discussions with industry shift to portfolio-based repo haircuts and ways to encourage voluntary clearing Mandatory clearing of gilt cash and repo trades has fallen off the agenda of industry roundtables at the Bank of…