As semis sell off, rattled investors should heed last millennium’s lesson from Cisco Systems
The market should recover its poise within the next few days, says Fundstrat’s Tom Lee.
The market should recover its poise within the next few days, says Fundstrat’s Tom Lee.
The UK’s Financial Conduct Authority published a wide-ranging review of artificial intelligence in retail financial services today (Monday), the first of its kind commissioned by a financial regulator globally, the FCA said. The report, led by FCA executive director Sheldon Mills and known as The Mills Review, concludes that AI is likely to reshape how…
The Realtor.com® economic research team is preparing for a full slate of market reports and economic indicators over the next five days. Senior economists Hannah Jones and Anthony Smith kick off the week with the Summer 2026 Wall Street Journal/Realtor.com Housing and Luxury Market Rankings on Monday morning. Smith will also debut his new “Low-Key…
Robert Koontz has joined CBRE as senior managing director and head of multifamily debt capital markets within the firm’s debt and structured finance department, where he will be tasked with expanding origination capabilities within the agency space. Koontz is a 17-year veteran of Freddie Mac, most recently serving as head of multifamily capital markets for…
Travel costs also surged. Traveller accommodation prices in Ontario and British Columbia — concentrated in World Cup host cities Toronto and Vancouver — rose approximately 20% year over year in June. Air transportation costs, meanwhille, climbed 9.6% annually, their steepest increase since February 2023. For mortgage brokers, the read-through is clear. Leah Zlatkin, a licensed mortgage broker…
Accord Mortgages has cut rates in its buy-to-let (BTL) range by 0.08%. Accord Mortgages’ cuts apply on all five-year fixes up to 75% loan to value (LTV). The new rates come into effect on 9 July. Jeremy Duncombe, managing director for Accord Mortgages, said: “We’re so pleased to take this opportunity to improve the…
Since early June, Wall Street’s major stock indexes have all rallied to fresh record highs. While artificial intelligence (AI) is the trend behind this surge in stock valuations, it’s the “Magnificent Seven” that have done most of the heavy lifting. The Magnificent Seven is composed of: Nvidia (NVDA -1.01%) Apple (AAPL +3.52%) Alphabet (GOOGL +0.58%)(GOOG…