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A Washington-based woman pleaded guilty to impersonating a financial advisor in a scheme that defrauded at least 28 victims of more than $3 million, the Justice Department announced. According to court documents, Jenni Yoon Jeong Lee is a 53-year-old woman based in Federal Way, Wash., a Seattle suburb about 20 miles from the city. She pleaded guilty…
Shares of Meta Platforms (META +2.59%) were heading lower last month as a slew of concerns mounted for the social media giant. Among those were layoffs, overspending on AI and capital expenditures, and a lack of direction in artificial intelligence, as the company has struggled to develop a meaningful revenue stream beyond advertising. The stock…
By Erik Hertzberg (Bloomberg) — Canada’s trade surplus widened to its largest in four years as the country’s energy, metals and mineral sectors helped fill global supply gaps left by disruptions in the Strait of Hormuz. The country’s trade surplus hit $4.2 billion up from $3.4 billion in April, Statistics Canada reported on Tuesday. That’s…
By Siddhi Nayak and Divya Patil Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion loan book. “A weak monsoon could slow loan growth as lenders tighten underwriting standards and…
Hormuz Back in The News Tue, Jul 7 2026, 3:18 PM Iran has attacked a few cargo ships recently and there are repercussions. The peace deal looks to be on shakier ground over the past 24 hours with both sides talking tough on the internet. Just before 3pm, the U.S. referred to…
Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio. The London-based AI cloud firm said Monday the capital infusion will provide liquidity to accelerate its data center build-out in the U.S., Europe and Asia. The credit facility is syndicated across a…
Artificial intelligence (AI) could be embedded into every aspect of a financial services business by 2030 as millions of savers and investors are already making use of the tools, research by the Financial Conduct Authority (FCA) has found. The City watchdog asked executive director Sheldon Mills to review how advances in AI could transform retail…
Neil Slater to join Link REIT after departing Redevco. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post Redevco CEO Neil Slater to step down appeared first…
The Los Angeles office market has shown measurable signs of recovery in recent months, but Downtown L.A. just suffered another high-profile setback. In a further extension of the larger flight-to-quality trend, accounting giant PricewaterhouseCoopers (PwC) is set to relocate from Downtown L.A. to Century City when its current lease expires in 2028, according to the…
Global equities last week continued their recent choppy performance, with a gain of 1.8% in local currency terms reversing a fall of the same magnitude the previous week. In sterling terms, a strengthening of the pound reduced last week’s increase to 0.8%.Europe, the UK and Japan led the gains, rising 2.0%, 1.7% and 1.4% respectively…