Chevron: The Bull Case Goes Beyond $100 Oil

Key takeaway: Buying Arc will give Axos access to thousands of early-stage and mid-market tech firms, as well as valuable AI technology the bank can use to sharpen its small business-product set.  Supporting data: The deal comes about three months after Capital One closed its $5 billion acquisition of Brex, which has an AI-native payments…

Across the 50 largest commercial mortgage-backed securities (CMBS) markets, $45.8 billion of $393.5 billion in outstanding balance is currently distressed, a balance-weighted rate of 11.6 percent, according to CRED iQ data.   Minneapolis, Denver and Oklahoma City lead the distress rankings at 55.1 percent, 35.9 percent and 34.1 percent, respectively, each shaped by a handful of…

Taxpayers may soon see complete details of their overseas transactions and financial accounts reflected in their Annual Information Statement (AIS). The Central Board of Direct Taxes (CBDT) has introduced a stronger reporting mechanism to integrate foreign financial data, making compliance easier and verification of foreign assets more transparent. The initiative is designed to foster a…

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Abel puts a big chunk of Berkshire’s cash to work In his second quarter as the new CEO of Berkshire Hathaway, Greg Abel…

Correspondent, Signing, Multifamily Tools; STRATMOR Tech Survey; Capital Markets; Rocket’s Loan Limits What should we talk about today? Besides TSA bringing back gate access, here’s a leading IMB exec and his wife putting their Florida home on the market for “a pretty penny.” There’s talk at conferences, not only about things being slower…

The Securities and Exchange Commission proposed a rule to make e-delivery the default option for registrants (including broker/dealers and advisors) when dealing with the agency (and with investors). The rule has been long-awaited (and often-discussed), and Chair Paul Atkins said in a statement that the change would “substantially reduce paper, printing and postage costs for…