US construction spending for the month of September -1.9% versus 0.3% estimate

Key insight: Technological and structural changes mean chartering is unlikely to return to pre-crisis levels. Supporting data: From 2010 through 2024, fewer than seven de novo banks were chartered annually on average, compared with 185 per year from 1960 through 2006. Expert quote: “Although economic and regulatory policy changes may be able to increase the…

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New York City’s pied-à-terre tax on luxury second homes has hit a roadblock over the publication of a list of hundreds of thousands of residences in the city. A Staten Island judge ruled Tuesday that the previously published list of New York City residences should be removed. Instead, the Department of Finance, or DOF, may…

Processing Content Key insight: Bank regulators said that banks can contact customers who are subject to suspicious activity reports without violating SAR confidentiality, provided they do not reveal that a SAR has been issued concerning their activity. Expert quote: “Although a reasonable and prudent person familiar with the SAR filing requirement may suspect or be…

As wildfires spread across the United States, the federal government is confronting the consequences of cuts made early in President Donald Trump’s second term. The U.S. Forest Service was among the agencies hit by the Department of Government Efficiency, or DOGE, and MS NOW reports that the reductions have hampered the government’s response to the…