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When stocks begin selling off, problems tend to get exposed. Companies with struggling balance sheets, weak fundamentals, or a poor outlook are often hit the hardest. These factors can be overlooked when a bull market seems like a rising tide that lifts all boats. But the tailwind usually fades eventually. The stock market isn’t selling…
“Basically, the fact that there’s import tariffs on Canadian shipments to the US and vice versa is going to raise the cost of production for everyone, and that’s going to get passed on… ultimately through the housebuilder to the consumer,” wood market expert Russ Taylor (pictured top) told Mortgage Professional America. American plywood and LVL…
Spacial, an artificial intelligence-powered engineering platform for residential construction, announced that Ravid Shwartz-Ziv has joined the company as a scientific adviser. An assistant professor and faculty fellow at New York University’s Center for Data Science, Shwartz-Ziv leads large language model (LLM) research focused on using information theory to explain what neural networks actually learn. He…
Fragmented EU Banking Market Hinders Ambitions, EBA Chair Warns By Jakob Van Calster Challenges and Implications of a Fragmented European Banking Market Sept 24 (Reuters) – Europe’s fragmented banking market is preventing lenders from achieving the scale needed to finance the continent’s digital, economic-security and defence ambitions, the chair of the European Banking Authority told Reuters….
Specialty finance company Nearwater Capital is relocating from SL Green Realty Corp.’s One Vanderbilt into a 37,563-square-foot lease for the entire 28th floor at 245 Park Ave., SL Green’s newly redeveloped office tower adjacent to Grand Central Terminal. Nearwater will relocate from approximately 17,000 square feet at One Vanderbilt, more than doubling its New York…
Former Disney CEO Michael Eisner and his wife, Jane, dropped $10 million on a co-op at the Sherry-Netherland. The couple purchased an apartment at 781 Fifth Avenue in an off-market deal from a trust tied to Edythe Broad, an art collector, philanthropist and widow of developer Eli Broad, according to public records. The trade was…