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“So my hunch right now is: not before 2027. Our previous forecast was mid-2027. We may bring that forward a little, so maybe end of Q1, early Q2 2027, but I don’t see anything this year.” Douglas Porter, chief economist at BMO Capital Markets in Toronto, acknowledged the divided outlook. “If anything, the threat of…
Dallas-based Holt Lunsford Commercial Investments hired Brad Davey as Managing Principal. In this role, Davey will lead acquisitions, with a focus on shallow-bay industrial opportunities. Davey brings more than 20 years of experience acquiring and managing industrial, multifamily, retail, and office assets across the United States. He joins HLCI from Clarion Partners, where he served as Managing Director…
Moderna and Merck are expected to share the Phase 3 data for their experimental cancer vaccine this weekend at a medical conference.
There’s a reason October is an important month for older Americans. Not only is it typically when a cost-of-living adjustment is announced for Social Security, but it’s also when Medicare’s open enrollment period begins. Each year, Medicare enrollees can make changes to their coverage between Oct. 15 and Dec. 7. And if you’re on Medicare…
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The top federal disaster official told states to bolster their financial reserves and emergency response capabilities so they can handle most disasters themselves without federal assistance, Politico reported. During a recent conference in Little Rock, Arkansas, Federal Emergency Management Agency Administrator Cameron Hamilton offered unprecedented detail about the administration’s long-planned shift of disaster responsibilities to…
In July, IBM (IBM -0.99%) stock suffered the worst day in its 115-year history, falling about 25% after the company warned that customers had shifted spending away from its products. The miss was clearly a matter of timing — a series of major contracts IBM was planning didn’t close by the end of the quarter,…
Tesla, Inc. (TSLA) beat Wall Street’s profit forecast Wednesday even as its auto revenue slipped, putting a top consumer discretionary ETF holding in focus. Key Takeaways: Adjusted earnings of 48 cents per share topped estimates, though core automotive revenue declined 3% from a year earlier. Free cash flow reached $1.53 billion as Tesla trimmed its…
Financial markets are anticipating two interest rate increases before the end of the year following a rise in inflation from 3.1% to 3.5% between August and September, according to the latest Office for National Statistics (ONS) data. The consumer prices index (CPI) jump was primarily driven by petrol prices, with analysts warning that mortgage rates…
Buy-to-let mortgage lending increased by 20.6% in the second quarter of 2026 compared to the same period in 2025, according to data released by UK Finance, though analysts caution the comparison reflects an unusually weak baseline. The industry body reported 58,051 new buy-to-let loans worth £10.7 billion were issued between April and June 2026, with…