U.S. equity ETFs see outflows of $4.5 billion as traders price in Fed rate hike

Onity Group’s servicing and lending businesses benefited in the second quarter from higher rates and seasonal homebuying, respectively, but the company reported a loss on nonrecurring negative fair value changes and portfolio restructuring. Processing Content The company recorded a $13 million net loss to common shareholders but taking out those negative items had adjusted pre-tax…

Out-of-town home shoppers are driving the new-construction market, drawn by increasingly commonplace price incentives and larger properties—and budget-friendly Sun Belt hot spots are seeing the strongest pull. House hunters routinely look beyond the confines of their local market online, but that wandering eye is especially pronounced for buyers who have their heart set on a…

Iran-related headlines have jumped back to the realm of relevance this week and Wednesday morning’s overnight session kicked things up another notch. Trump declared the ceasefire to be over and is currently saying peace deal negotiations may not even continue. Markets definitely reacted with oil and Treasury yields spiking overnight. The interesting part is the…

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A Philadelphia-based startup that uses a combination of foreign labor and artificial intelligence to help construction contractors submit more bids has closed its inaugural investment round.  Courtesy of Guthrie AI Ted Baumgardner, center, surrounded by members of the Guthrie AI team at a trade show Guthrie AI raised $4M to help expand beyond its roster of 52…