Millrose plans $1 billion bond sale to fund homesite growth
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U.S. banks may need to blacklist UAE branches of Banque Misr
Key insight: Fincen has proposed a rule that would bar U.S. banks from working with Banque Misr’s Emirati branches. Supporting data: Suspected Iranian shadow banking moved roughly $9 billion through U.S. correspondent accounts in 2024 alone, according to Fincen. Forward look: The comment period on the proposal closes Oct. 1, and no comments had been…
Northern Star shares pop as Australian gold miner rejects $27 billion takeover proposal
The Fimiston Open Pit gold mine, known as the Super Pit, operated by Kalgoorlie Consolidated Gold Mines Ltd. (KCGM), in Kalgoorlie-Boulder, Western Australia, Australia, on Sunday, Aug. 4, 2024. Photographer: Carla Gottgens/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Northern Star Resources shares jumped more than 9% Monday after the Australian gold miner…
Nvidia backing $105 billion in financing for OpenAI data center in Ohio
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media following the company’s “Japan AI Ecosystem” reception in Tokyo, Japan, on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty Images Nvidia will provide up to $105 billion in financing for a new artificial intelligence data center for OpenAI in…
Greg Abel Has 12.5% of Berkshire Hathaway’s Portfolio in 3 Consumer Stocks. Here’s My Top Pick to Buy Now.
In a few months, Greg Abel will hit his one-year mark as the CEO of Berkshire Hathaway (BRKA +0.97%), (BRKB +0.89%). Before becoming CEO, Abel had worked at Berkshire since 1999, most recently as the head of Berkshire Hathaway Energy. But filling the shoes of the great Warren Buffett, who led the company for six…
Better’s new CEO pledges enterprise focus after another loss
Better’s new boss is promoting the lender’s shift toward an enterprise strategy, a plan which could see it also expand into the wholesale space. Processing Content Interim CEO Daniel Lewis led his first earnings call Thursday afternoon, just days after founder and ex-CEO Vishal Garg agreed to transition to the board of directors. He inherits…
Peachtree Recaps Ritz-Carlton Portland With $141M C-PACE Loan – Commercial Observer
A New York lender is more than ready for a Portland hospitality resurgence. Ready Capital, which assumed full ownership of the The Ritz-Carlton Portland mixed-use project following a foreclosure in July 2025, just secured $141 million of commercial property accessed clean energy (C-PACE) debt for the recapitalization of the 35-story tower, Commercial Observer has learned….
