Fed’s Williams says it is reasonable to see another US rate hike this year

While centuries-old homes are a rare find on the housing market, it is even rarer to come across a dwelling that boasts not only more than 100 years of history—but also an incredible story of survival and rebirth. But that is exactly the kind of unique abode currently on offer in Pennsylvania in the form…

As Wall Street’s biggest banks delivered blowout second-quarter results, Morgan Stanley played a leading role in taking SpaceX public during the quarter, sharing a $100 million underwriting fee with Goldman Sachs. Pick framed the macro environment in direct terms during a call with analysts: the AI boom and what he called “the return of geopolitics”…

“Our markup to advance this significant package of legislation demonstrates a bipartisan commitment to maintaining and upgrading the nation’s water infrastructure,” said Sen. Sheldon Whitehouse of Rhode Island. The Senate Committee on Environment and Public Works is moving toward completing a markup of the Water Resources Development Act, a key step in resolving the future of…

BoE's Bailey says high energy prices make it harder to leave rates on hold

Retail adoption is measured in signups. Institutional adoption is measured in what a risk committee accepts as margin, and by that standard the tokenized US Treasury market has gone from roughly $1.7 billion in early 2024 to $15.2 billion across 76 products by early May 2026, on Kaiko’s count. Posting an asset as collateral is…

Financial advisors had to deal with the rise of the internet, which equipped clients with plenty of questions and sometimes spurious answers. What does the rise of AI now mean for a new generation of advisors and clients? While it initially seemed that chatbots and their instant access to incomparable reams of information might take…