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A commitment fee paid by companies for the current government backstop – valued at about $450 billion – would give Fannie and Freddie a “stupid” amount of capital, he added. “There’s no scenario in which these entities would be a threat to the market,” Ackman said. “I would argue mortgage spreads tighten in that world…
“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…
Tech Tanks and Bonds Pick Up The Slack 1 Hour, 13 Min ago Tech Tanks and Bonds Pick Up The Slack What began with focus on funding concerns for Coreweave (and, to a lesser degree, a very small handful of other companies) is spreading to bigger tech names today. Mix and match…
Eric Dane’s estranged wife, Rebecca Gayheart, is opening up about the actor’s final days, revealing that his last wish was to spend more time with their daughters, Billie and Georgia. Speaking to People, Gayheart reflected on the family’s time together before his death—and the deeply personal memoir he left behind. Dane’s book, “My Book of…
The Long Island home where notorious serial killer Joel Rifkin brutally murdered and dismembered numerous women has found a new owner—one who plans to breathe new life into the property. After several months on the market and multiple price reductions, the East Meadow house was sold on Wednesday for $670,000, Pinpoint Realty listing agent Angela…
Intel: A Notable Increase in Quarterly Revenue Intel Corp. (INTC -8.05%) primarily generates revenue by designing, developing, manufacturing, and marketing a broad array of central processing units, discrete graphics hardware, and advanced semiconductor components that serve diverse original equipment manufacturers, enterprise cloud service providers, and general consumer markets globally. It recently closed an upsized $20…
Steep bill for AI buildout punishes Meta, other tech favorites
Blackstone-backed information technology firm Mphasis has more than doubled its office footprint at 41 Madison Avenue to 27,709 square feet, and tacked on another decade to its tenure. The deal adds 14,151 square feet to Mphasis’ footprint at Rudin’s office tower northeast of Madison Square Park, according to the landlord. Mphasis, headquartered in Bengaluru, India,…
Mariner Wealth Advisors is hoping to raise $150 million in additional debt to finance near-term acquisitions, according to reports by S&P Global Ratings and Moody’s Ratings. The debt would be a fungible incremental add-on to Mariner’s $1.16 billion first-lien term loan B, bringing its term loan B size to $1.3 billion. Both ratings agencies said…
Air has upgraded its WriteRoute proposition, introducing new compliance, audit trail and workflow tools. The enhanced proposition aims to reduce administration, improve oversight and deliver a smoother advice journey for customers. Developed in response to adviser and firm feedback, the latest version of WriteRoute includes a refreshed user experience, expanded offline capabilities, enhanced suitability…