This new AI model could help America close a technological gap with China
Nvidia-backed Reflection AI announced Beam, a new ultra-efficient open model that boasts capabilities on par with those of Chinese ones
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Visa layoffs will cut 7% of its workforce
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Rexford Planning Up To $2B In Dispositions This Year
Rexford Industrial Realty plans to sell off up to $2B of its portfolio, using the proceeds to pay off debt that is set to mature next year. Rexford increased its full-year 2026 disposition guidance to $1.5B to $2B, according to second-quarter filings submitted to the Securities and Exchange Commission last week. The increase in dispositions…
EFG International AUM reaches SFr196.3bn in H1 2026
EFG International has reported revenue-generating assets under management (AUM) of SFr196.3bn ($240.73bn) at the end of June 2026, representing a 21% increase from a year earlier. Net profit for the first half was SFr184.6m, up 5% from the H1 2025 and 13% from H2 2025, excluding exceptional items recorded in 2025. Net new assets totalled SFr5.7bn over…
Workspace Urges Shareholders to Oppose Saba Capital’s Proposals
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Spiking local foreclosures signal new credit risks
Foreclosure filings surged by more than 20% through the first half of 2026, with numbers reflecting a return to historical patterns rather than heightened risk, according to a new report from Attom. Processing Content Filings in the form of default notices, scheduled auctions or bank repossessions appeared on the records of 227,548 residential units between…
Walmart Aims to Take On Amazon With Trendier Apparel
Walmart is reportedly rolling out a new line of clothing to court younger consumers. The retailer’s Scenario brand is set to debut this week, with most items costing under $25 as Walmart seeks to appeal to its core of discount shoppers and regain ground from Amazon, The Wall Street Journal (WSJ) reported Sunday (Aug. 23)….
