Female bomber kills at least three, injures 21 near Moscow restaurant, authorities say

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The term “crack spread” is quickly becoming mainstream–especially over the past few weeks. It’s more of a concept than a specific metric, but it most frequently refers to the margin between input and output costs for fuel (gas, diesel, etc). Petro-nerds seem to like the 3-2-1 crack spread, which covers both gas and diesel (3…

With little new office construction on the horizon and tenants racing to secure trophy space, Related Companies’ latest Hudson Yards tower appears to be arriving at just the right moment. And it’s the largest project of its kind since the pandemic. After landing Deloitte as an anchor tenant for 900,000 square feet at its under-construction…

Key insight: In the lead-up to the Clarity Act vote on Sept 15, community banks are both the stalking horse and the prey at the same time. Supporting data: JPMorgan spends nearly $20 billion a year on their technology budget. By contrast the typical $500 million-asset community bank spends only $4 million, and much of…

Labor force exits drive unemployment lower The unemployment rate fell to 4.1%, its lowest reading since June 2025, but the dip came for the wrong reasons. Some 264,000 Americans exited the labor force entirely in July, dragging the participation rate to 61.4%, its lowest level since February 2021. The share of the population either working or actively…

United Trust Bank (UTB) Mortgages has strengthened its residential second charge proposition with the reintroduction of lending up to 90% loan-to-value (LTV) and rate reductions of up to 60 basis points across selected Prime, Near Prime and Specialist products. The latest enhancements are designed to provide brokers with greater flexibility and more competitive options for…