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This is the first time that AI-driven discovery of cyber vulnerabilities has entered the top emerging risks for businesses, following recent reports globally of AI-driven cyber attacks. “Without corresponding improvements in governance, security operations, and remediation capabilities, AI-driven vulnerability discovery may outpace organisational defences, increasing the likelihood of significant cyber incidents and operational disruption,” Mercado…

Revolut has begun rolling out its first euro-pegged stablecoin, EURR, marking the fintech giant’s formal entry into a rapidly expanding market for regulated digital currencies. The token launched on August 20 and is being introduced in phases to select customers in Denmark, Poland and Portugal, according to regulatory filings. Branded “Revolut Euro” within the app,…

Rates across product categories moved broadly higher. The 30-year jumbo rate rose to 6.73% from 6.71%, the 15-year fixed climbed to 6.10% from 6.08%, and the 5/1 adjustable-rate mortgage averaged 5.98%, up from 5.94%. Adjustable-rate products accounted for 7.9% of total applications, ticking higher as cost-sensitive borrowers sought to reduce initial monthly payments. Points on…

Facebook and Instagram owner Meta agreed to settle a lawsuit alleging its platforms harmfully addicted young people to social media for up to $16.7 billion on Wednesday, according to court filings. Meta agreed to make changes to its products as part of the settlement agreement, including implementing a 2-hour daily limit for teens on its…

To be fair, not all of the PCE data was higher than expected, but none of the top line numbers were lower than expected. Core PCE was on target (notably 0.246%, so it nearly rounded up to 0.3 vs 0.2), but headline inflation was a tenth of a point above the monthly and annual targets….

In its third acquisition of student housing in Manhattan this summer, Hawkins Way Capital has purchased a residence hall near Union Square for $51.5 million from the New School, according to city records made public Tuesday. Hawkins, using the entity 135 E 12th Owner, bought Loeb Hall, a 268-bed residence hall at 131-135 East 12th…

Peel says its offer provides certainty of value and full liquidity, but Harworth’s board remains “unanimous and unequivocal” in rejecting the bid. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Login To Unlock The Content!   …

Mortgage brokers told us that many lenders still become nervous at the mention of trusts or beneficial ownership, even where legal title and the registered charge remain untouched. The legal position is not nearly as mysterious as the market response. The harder question is why some lenders appear to treat an ordinary commercial restructuring as…

Dukascopy Profit Drops 58%; IG Resolves Login Issues Dukascopy Profit Drops 58%; IG Resolves Login Issues Dukascopy Profit Drops 58%; IG Resolves Login Issues Dukascopy Profit Drops 58%; IG Resolves Login Issues Dukascopy Profit Drops 58%; IG Resolves Login Issues Dukascopy Profit Drops 58%; IG Resolves Login Issues Today’s financial news recap covers Dukascopy reports…

Citadel Securities’ strategist Frank Flight says a bet that appears to be one-sided against long-term bonds could be setting up for a painful unwind.