3 signs cash-strapped consumers are nearing a ‘spend-pocalypse’ that would hurt the economy

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Tyler Perry has slashed $3.5 million from the asking price of his Wyoming mansion—days after picking up a $30 million home in Puerto Rico. Perry, who has since relocated to the island, is looking to cut ties with several of his real estate jewels—having recently put his Wyoming and California properties on the selling block….

Growth in £500,000-plus borrowing is increasingly being driven by buyers outside Southern England, Savills reveals. Savills analysis of FCA lending data reveals that London remained the largest market for high-value borrowing in 2025, accounting for 42% of all £500,000-plus mortgages. However, the number of such loans has fallen by 2.4% since 2021 in the capital,…

Less than a quarter (23%) of landlords are confident about the prospects for their own letting business, compared with 63% in 2011, Pegasus Insight reveals. However, the latest findings, which were presented during a Pegasus workshop in London, show that 85% report making a profit, up from 82%, while the proportion experiencing rental arrears has fallen…

Lazard had eliminated more than 80 managing director roles. Credit: chaylek/ Shutterstock.com. Lazard has posted net income of $5m for the second quarter of 2026, a decline of 91% from $55m in the year earlier period, driven by an “elevated tax rate” and weaker revenue in its advisory operations.   Average assets under management were $279bn in the second quarter of 2026, up 17% year-over-year (YoY).  Access deeper industry intelligence Experience unmatched clarity with a…