Hawks Lorie Logan and Beth Hammack run the Fed for now
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The volatile AI trade marched higher, but oil kept Wall Street on edge last week
Wall Street’s record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran tensions erased those gains, leaving the blue-chip index down 0.5% for the week. Chip stocks — once…
How will inheritance tax apply to pensions from 2027?
Families are facing a major shake-up to the inheritance tax regime from April 2027 when unused pensions will form part of estates for inheritance tax (IHT) purposes. Historically, many pension pots have fallen outside the IHT net, making them a useful vehicle to transfer wealth through generations. But under new rules, announced in the 2024…
Jump Trading Expands Prediction Markets Team as “Cultural Alpha” Becomes Part of the Quant Stack
Jump Trading has doubled its dedicated prediction markets team this year, as the high-frequency trading firm increases its exposure to one of the fastest-growing corners of event-based trading. Prediction market volumes topped $50 billion in June, drawing increasing participation from institutional trading firms. For Jump, the opportunity is large enough to justify a different kind…
Gen H lowers prices, Keystone withdraws fixed rates – Mortgage Strategy
Gen H has made rates decreases after the lender announced that swap rates have decreased. The lender has decreased all rates by 10 basis points, effective 20 July. It said: “We know it’s been a tough week. Two rate rises in quick succession is nobody’s idea of fun – and that’s before we get to…
Sunday Summary: Unpacking the Near-Collapse at Pfizer HQ – Commercial Observer
Real estate journalism is a somewhat specialized field — but last week a piece of industry news was blared on front pages far and wide. Two steel support structures at the former Pfizer headquarters at 235 East 42nd Street buckled on July 7, and five floors at the building began to cave in. The site…
Which Types of Properties are Suitable for Bridge Loans?
Introduction: In this article, I’ll explore the types of properties that are suitable for bridge loans. Bridge loans are a financing option that can be beneficial for certain types of properties and specific circumstances. Designed to provide temporary funding during a transitional period, bridge loans offer flexibility and financial support to facilitate a smooth…
