Bonds recover after US Treasury comes to the rescue

Hormuz Back in The News Tue, Jul 7 2026, 3:18 PM Iran has attacked a few cargo ships recently and there are repercussions. The peace deal looks to be on shakier ground over the past 24 hours with both sides talking tough on the internet. Just before 3pm, the U.S. referred to…

A publicly traded REIT offloaded an office property near the Philadelphia International Airport, and the buyer appears to be the city. Photo credit: Google Maps The now-vacant office building at 8800 Tinicum Blvd., photographed in 2017 Office Properties Income Trust revealed in its second-quarter earnings report that it sold its only Philadelphia property, a vacant…

Banking-as-a-service has traditionally had sponsor banks for doing everything themselves: issuing accounts, holding deposits, processing payments and financing lending. But latest earnings from two sponsor-bank operators suggest some flexibility in the model, where deposits can be managed independently from the FinTech relationship itself. First Internet Bancorp indicated that its banking-as-a-service fee revenue increased 172% from…

The Federal Reserve has announced the leaders of five task forces that will examine the Fed’s methods, analytical tools and policy approaches and provide “candid feedback” for the Federal Open Market Committee. Each task force will co-led by three external advisors, will operate independently and will be supported by Fed staff, the Federal Reserve said in a Thursday (July 9) press release. “The goal is…

SOUTH SAN FRANCISCO, Calif., July 20, 2026 /PRNewswire/ — What makes family-owned businesses so vital to California’s electrical industry? That question is explored in a HelloNation article, where Cathleen Lagomarsino of ASF Electric Inc. discusses how family-owned electrical companies combine skill, trust, and community commitment to create long-term value for the people they serve. The feature…

The rupee on Tuesday recorded its biggest single-day gain in three weeks as foreign inflows continued into debt, with muted dollar demand from oil firms providing support, dealers said.  The domestic currency closed at 94.97 against the US dollar, appreciating 0.46 per cent from the previous close of 95.40. This was the rupee’s…