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Key insight: East West Bank is partnering with a nonbank lender to enter a specialty lending vertical that’s been written off by many traditional lenders. Supporting data: East West’s $100 million airport concession credit facility marks its second deal with the Los Angeles-based Lendistry in 10 months. Expert quote: “There’s a lot of blue ocean…
Cybercriminals are targeting users of Anthropic’s Claude artificial intelligence (AI) platform with malware that can steal authenticated login sessions, potentially allowing attackers to access accounts without passwords or two-factor authentication. Cyber Security News reported Monday (Aug. 31) that several information-stealing malware families, including Vidar, Lumma, StealC, RedLine and Acreed on Windows and Atomic Stealer on…
Ukraine’s main military intelligence agency published a breakdown of Russia’s Zircon missile, a weapon Moscow has increasingly employed in its intensifying strikes. Russia has been investing heavily in advancing its missile arsenal, upgrading systems and making them harder for air defenses to intercept. That reaction to Ukrainian air-defense wins now represents a major challenge as…
The Chelsean New York Hotel has traded hands for $50 million. The Lam Generation, led by Jeffrey Lam, offloaded the 158-key hotel at 158-162 West 25th Street to Manga Hotel Group in what is the second transaction between the two in a little over a year, according to a deed transfer in property records made…
Mayor Zohran Mamdani’s tax on second homes in New York City received a Staten Island welcome on Monday, when lawyers representing the administration squared off with homeowners’ attorneys in court over the messy rollout of the surcharge. Judge Wayne Ozzi signaled openness to arguments that underpinned his prior temporary restraining order that briefly halted the…
“Her life was very challenging before we got custody.”
Personal Finance Published: Tuesday, September 1, 2026, 0:58 [IST] The most important facility to make online transactions will no longer require internet with PhonePe’s UPI 123Pay. The new feature would let people make UPI payments with their feature phones across India. The recently launched feature would eliminate the requirement of internet for UPI payments for…
US-Iran Military Clashes Spark Surge in Yields, Oil Prices and Stock Market Drop Market Reactions to US-Iran Tensions and Economic Data By Caroline Valetkevitch and Dhara Ranasinghe Bond Yields and Stock Market Movements NEW YORK/LONDON, Aug 31 (Reuters) – Bond yields rose and stocks fell on Monday as oil prices jumped with a resumption of…
The Social Security and Disability Insurance trust funds will be depleted by 2034. That doesn’t mean benefits will end at that time, but there could be a significant cut to scheduled benefits if lawmakers don’t act. That’s because payroll taxes that fund the program are no longer sufficient to cover scheduled benefits, and the rainy-day…
Expectations of an increase to the cash rate next week have surged on the back of hot inflation data, prompting ANZ and Westpac to join the market wave. All big four banks now expect an increase to the the Reserve Bank cash rate next week after the latest inflation figures came in higher than forecast…