Holiday Builders Sale Shows What Buyers Want in Homebuilder M&A

Iran Denies Mistreatment Claims as France Alleges Intimidation of Diplomats in Tehran Dispute Over Treatment of French Diplomats in Tehran Background of the Incident DUBAI, July 22 (Reuters) – Two French diplomats at the centre of a dispute between France and Iran were not ill-treated by Iranian security personnel, according to an Iranian foreign ministry…

Jason B. wasn’t too worried when the Department of Finance told him the pied-à-terre tax on his Park Slope row house would be $47,504. It’s a mistake, he thought, and he would just prove it’s his full-time residence. Even when he was confused by the exemption application, he didn’t fret. Mayor Zohran Mamdani, whom Jason…

Founders who grew up in India have been involved in building 205 current and former unicorns outside India, accounting for about $560 billion in founder-share-attributed company value, according to the new Indian Diaspora Index, created by Prosus and Dealroom.    Of the 205 overseas unicorns tracked by the index, 187, or about 91%, are based…

Core PCE came in at 0.2 vs a 0.3 forecast, and the bond market rallied a bit in response. That said, the unrounded number was .247, which about as high as it could be without rounding up to 0.3. Core annual PCE was 3.0, which was flat versus a downward revision from 3.3. More importantly,…

The latest stock market wobble has a familiar shape to it. Semiconductor and AI-adjacent stocks have led the slide, with the group that powered this year’s rally now trading in bear-market territory after dropping more than 20% from their June peak. The worry isn’t that these companies are doing poorly, it’s that investors paid up…

Oil Shipping Costs Surge Amid Red Sea Tensions and Rate Hike Fears Market Overview and Key Developments A look at the day ahead in European and global markets from Wayne Cole. Red Sea Tensions and Oil Shipping Disruptions Brent is back above $107 a barrel as the Houthis close in on the Bab el-Mandeb, the…