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By Nojoud Al Mallees (Bloomberg) — The Canadian economy is tracking for weaker growth in the third quarter after roaring back to life between April and June. Statistics Canada’s preliminary estimate for real gross domestic product points to a 0.2% expansion in August, according to industry-based data, as increases in mining and quarrying were partially…
by Calculated Risk on 1/11/2026 08:12:00 AM Hotel occupancy was weak in 2025. It is difficult to tell early in the year because travel is always weak in early January. From STR: U.S. hotel results for week ending 3 January The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through…
Consumers’ economic outlooks took a bath in early August, according to preliminary survey results published by the University of Michigan on Friday. Views on short-term and long-term U.S. business conditions drove the sharp decline in the university’s index of consumer sentiment, which fell 7.6% from July to land at 51. Reversing two consecutive months of…
Archax now has a regulated route into US securities distribution, entering the market without recreating its exchange, custody and clearing stack. The digital asset firm will operate as an introducing broker, relying on tZERO for the underlying US infrastructure. The Financial Industry Regulatory Authority (FINRA) approved the New Member Application of Archax Markets LLC, completing…
California Gov. Gavin Newsom at the opening of the Obama Presidential Center in June.Bloomberg News A proposed state infrastructure bank is among the victims of California Gov. Gavin Newsom’s veto pen as he nears the end of his final term in the office. Processing Content Newsom Sunday vetoed Senate Bill 769, which would have created…
Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add strategy of targeting multifamily communities of 40 to 400 units in supply-constrained West Coast markets. As of the final close, the…