After Trump order, HUD reviewing industry input on ‘dated’ property requirements

Key insight: Bank of America has joined Morgan Stanley and Goldman Sachs in announcing a huge financing commitment to new data center construction and other infrastructure projects. What’s at stake: The banks face the risk that the current AI frenzy is a bubble that could burst. They will also be challenged to meet their past…

Bitcoin Suisse Group currently holds $3.7bn in crypto assets under custody. Credit: Marlon Trottmann / Shutterstock.com Bitcoin Suisse has secured full regulatory clearance to offer regulated digital asset services throughout the UAE. The company’s regional subsidiary, BTCS (Middle East) Ltd. (BTCS ME), has been granted Financial Services Permission by the Financial Services Regulatory Authority of…

Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices extended their losses Tuesday after a pause in fighting between the U.S. and Iran held, raising hopes for a de-escalation in the Middle East conflict that has upended energy supplies. …

Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio. The London-based AI cloud firm said Monday the capital infusion will provide liquidity to accelerate its data center build-out in the U.S., Europe and Asia. The credit facility is syndicated across a…

A smart acquisition strategy has made Bristol-Meyers, which has bought seven companies since October 2007, a big player in the cancer-treatment industry. Its purchase of Medarex in July added a key drug for metastic melanoma that’s in Phase III trials. The drug has possible multiple indications – industry jargon for its ability to treat more…

U.S. consumers reported brighter economic outlooks for a second consecutive month in July, bringing broad-based optimism close to levels seen before the Iran war. The University of Michigan’s closely watched index of consumer sentiment notched a second straight monthly gain of about 10%, according to initial July survey results published Friday. “All five index components…