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Basis trade loses its bite as banks move in
The Treasury basis trade, as cynics like to say, is akin to picking up pennies in front of a steamroller. Except the pennies are getting harder and harder to find. Returns in the popular hedge fund strategy have dwindled to a few basis points, as large dealers muscle in on the trade. Many firms are…
Fannie Mae Reveals Billion-Dollar Net Income for Q2 2026
Fannie Mae reported a net income of approximately $4 billion for the second quarter of 2026, an increase from $3.7 billion in the first quarter of the same year, and raised its net worth to $116.5 billion as of June 30, 2026. Net revenues rose to $7.6 billion in Q2, up from $7.3 billion in…
Netflix Shakes up Its Advertising Leadership, Parts Ways With Key Exec
Netflix is shaking up its ads leadership. Jon Whitticom, a prominent Netflix exec who helped build the streamer’s advertising business, is leaving the organization, according to a memo viewed by Business Insider. Advertising president Amy Reinhard shared the news with staff last week, saying she had “decided to part ways” with Whitticom. She added that…
Cantor Fitzgerald reiterates Broadcom stock Overweight on AI chip demand
Cantor Fitzgerald reiterates Broadcom stock Overweight on AI chip demand
DataVita secures £300m financing for AI data centre expansion in Scotland
The financing is backed by a £202m National Wealth Fund guarantee, while both facilities are fully contracted to CoreWeave under a 15-year agreement. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Already have an account? Log in …
Former Fed Chair Jerome Powell Sells Gibson Island Mansion for $7.2 Million
Less than three months after concluding his term as Federal Reserve chair, Jerome Powell sold his sprawling waterfront mansion on Maryland‘s ultraexclusive Gibson Island for $7.2 million. Public property records reviewed by Realtor.com® indicate that the six-bedroom, eight-bathroom, 7,155-square-foot property sitting on a 2-acre lot exchanged hands on Aug. 4. Powell’s luxury retreat was not…