Why SoFi’s stock is soaring after earnings
SoFi’s early 2027 forecast is impressing Wall Street after a tough stretch for the stock.
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RBC and BMO sell Moneris to Francisco Partners for $2 billion
Referral arrangements keep clients connected Despite the ownership transfer, both banks have secured exclusive, long-term customer referral arrangements with Moneris, ensuring continuity for existing and future business clients. Sean Amato-Gauci, RBC’s group head of commercial banking, said Moneris “has played a central role in enabling Canadian businesses to modernize and scale by connecting them with…
Related Refinances 30 Hudson Yards With $425M Loan
It’s been a busy week for Jeff Blau: in addition to finding an anchor tenant for an office development, his company refinanced one of the key parts of Hudson Yards. Related Companies landed a $421.5 million loan from Bank of America to replace the previous debt at 30 Hudson Yards, PincusCo reported. The bank previously…
Phoenix Braces for Cuts to Water Supply as Colorado River Fight Continues
Possible new restrictions on water use for the Colorado River could have major implications across seven states, but the fast-growing suburbs of Phoenix are at a special disadvantage. Later this year, the federal government’s plan to break a deadlock between seven states that draw water from the Colorado River will update the century-old laws that govern…
Regulators set ground rules for selling foreign-listed ETFs in Canada
Order execution-only dealers, which do not assess suitability, drew a softer ask. Staff encouraged these firms to provide alerts at critical points before a purchase, through pop-up windows, confirmation checkboxes, on-screen text, or oral notice for phone orders, telling investors that the product is a foreign ETF and how it differs from a Canadian one. “The…
Why an AI slowdown has markets “on edge”
Why a slowdown in model development might not mean a slowdown in AI cap-ex Johnson posits a thought experiment. If AI models stop progressing and stay exactly where they are, will we see AI usage increase, decrease, or stay the same in five years’ time? He firmly believes that even if AI models stay unchanged,…
Walmart Aims to Take On Amazon With Trendier Apparel
Walmart is reportedly rolling out a new line of clothing to court younger consumers. The retailer’s Scenario brand is set to debut this week, with most items costing under $25 as Walmart seeks to appeal to its core of discount shoppers and regain ground from Amazon, The Wall Street Journal (WSJ) reported Sunday (Aug. 23)….
