Why an announcement from the Treasury sparked a rally in gold and bitcoin this week
Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks.
Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks.
A larger number of households are projected to see their mortgage repayments rise by the end of 2028, but the increase will be relatively low, the central bank has said. The Bank of England Financial Policy Committee’s (FPC’s) Financial Stability Report said just over five million households would see their repayments rise, compared to…
The White House’s decision to impose 50% tariffs on a targeted range of Canadian goods has renewed uncertainty over the Bank of Canada’s rate path, reinforcing economist forecasts that the central bank will remain on hold for the rest of 2026, while leaving the door open to easing if trade conditions worsen. The duties, announced under…
JLL Capital Markets arranged the sale of a light industrial portfolio comprising four assets totaling 238,473 square feet in Riverside. Senior managing director Patrick Nally, senior director Ryan Spradling and associate Shae Vomund represented the seller, Oxford Properties. Sierra Ridge Capital acquired the assets with Pacific Properties Group of Los Angeles providing the equity. Working…
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…
Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature about 200,000 square feet of Class A office space as well as 30,000 square…
Brilliant Solutions has become the latest firm to join the Equity Release Council. The mortgage club and specialist distributor works with advisers across the UK. Jim Boyd, CEO of the Equity Release Council, said: “People’s borrowing needs can change considerably as they get older, so it is important that the mortgage and later life…