Yields move lower. Stock futures point to a higher open. The USD falls after jobs report

Paragon Bank has reduced rates by 15 basis points across its fixed-rate buy-to-let mortgage range. Products in its Core and Tailored propositions now start from 3.4%. Across the Core range, the cuts apply to two and five-year fixed-rate mortgages for purchases and remortgages of single self-contained properties, Houses in Multiple Occupation (HMOs) and multi-unit…

Over the last several years, private equity firms have invested billions of dollars into the wealth management space, driving the industry’s rapid consolidation. Charlesbank Capital Partners, the New York-based middle-market private equity firm, has been one of the most active participants. Charlesbank was established in 1998 after its founding team spun out of the Harvard…

Mamdani’s first report card is in. Let’s dive into some of the numbers  The latest Mayor’s Management Report was released late last week, giving a detailed look at the stats from key agencies across the Adams and Mamdani administrations. Housing-wise, the city financed the creation and preservation of 26,913 affordable units, exceeding its fiscal-year target…

Federal Reserve Bank of New York President John Williams said in an interview that he is optimistic that inflation will ease gradually, but if they don’t the Fed won’t hesitate to respond with rate increases to ensure price pressures return to target. In his interview with Reuters, Williams said that should energy prices and trade…

Fortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property.  The New York-based lender assumed $188 million in existing debt and added $70 million in new debt backing the 213-room property in Bal Harbour, Fla.,…

Healthcare providers in Texas will receive nearly $12 billion in funding in fiscal 2027 after the state’s Medicaid directed payment programs finally received approval from a federal agency.Adobe Stock Texas hospitals and other healthcare providers will receive nearly $12 billion in critical funding after months of negotiations finally resulted in federal approval for the state’s…