Lovett-Reid: Hope isn’t a strategy

DET said the alliance is intended to help global investors understand Dubai’s economic direction. Credit: Government of Dubai media office/ Julius Baer. Julius Baer (Middle East) has entered an agreement with Dubai’s Department of Economy and Tourism (DET) to help overseas investors, business owners and family offices set up or broaden their activities in the emirate.  The partners seek to create more…

It took the possibility of species annihilation, but AI leaders did something remarkable this weekend: They reached a consensus. After ex-Anthropic engineer Jacob Coxon’s warnings about a looming AI armageddon lit a firestorm among techies and politicians alike, the leaders of the most advanced AI labs came to a tentative agreement — largely via posts…

In an effort to boost the U.S. housing supply, banking giant JPMorgan Chase said it will invest $750 billion toward that goal through 2035. The investment includes financing for 1 million affordable housing units and assisting 500,000 people in buying homes, the bank said. “An affordable and resilient housing market is essential to driving economic…

Prior was 54.0 Prices paid 70.3 vs 67.7 prior New orders 57.2 vs 55.1 prior Employment 47.4 vs 51.2 prior Business activity 59.1 vs 55.4 prior The S&P Global final PMI for July was released shortly before this report and was at 54.6 vs 53.6 previously, that was an 8-month high. This report missed but…