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FSRA proposes $85K in penalties against Ontario family brokerage
The action stems from a 2024 transaction that regulators say left a borrower facing a product she never requested, could not afford, and that contained falsified income documentation. The $900,000 mortgage she didn’t want The borrower, identified in FSRA documents only as HM, approached K. Banx seeking a mortgage of between $150,000 and $200,000 to…
Rates Only Slightly Higher Despite Strong Jobs Report
Mortgage rates have a long and storied past with the monthly jobs report. Officially titled “The Employment Situation,” the Bureau of Labor Statistics’ (BLS) jobs report has more power than any other monthly economic report to cause volatility in the rate market over the years. It may have lost some of that capability over the…
Pixelgen Technologies Closes $15.5M Oversubscribed Series B to Accelerate Global Expansion
Life sciences leaders Ramon Felciano and Rickard El Tarzi join board as company scales commercialization of its molecular cell architecture platform STOCKHOLM, Aug. 20, 2026 /PRNewswire/ — Pixelgen Technologies, developer of the first high-throughput platform for mapping molecular cell architecture, today announced it has closed an oversubscribed $15.5 million (approximately SEK 150 million) Series B…
Brooklyn Developer in Danger of Losing Another Property
The setbacks keep coming for Serabjit Singh Malhotra. The embattled Brooklyn developer is facing significant stress at 594 Dean Street in Prospect Heights, Crain’s reported, after allegedly defaulting on the $13 million mortgage tied to the building. The default was disclosed by Morningstar Credit Analytics. The reason for the default and transfer to special servicing…
SpaceX plans to put Nvidia-powered AI satellites in orbit next year
Elon Musk’s company now plans to launch orbital data centers by the end of next year.
CFTC Signals Supreme Court Battle in Prediction Markets Case
A court’s ruling that sports event contracts are not swaps that are regulated exclusively by the Commodity Futures Trading Commission (CFTC) set the stage for a Supreme Court case, a CFTC spokesperson told PYMNTS Friday (Aug. 28). The statement came after a Friday ruling in a court battle between Nevada and three companies offering prediction markets….
