My ex-husband’s sister died — so why is Fidelity asking me for her death certificate?
“Part of me jokes that paying for a death certificate would be like buying a lottery ticket.”
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New York City Family Snaps Up $47M St. Regis-Branded Penthouse in Miami’s ‘Manhattan of the South’
A family from New York City has agreed to pay $47 million for a penthouse at the under-construction St. Regis Residences in the heart of Miami’s Brickell financial district, where they will count billionaire Ken Griffin among their neighbors. The sale price is one of the highest ever recorded for a condominium in Brickell, falling…
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Economists expect the Bank of Canada to hold rates through the rest of the year
Markets are not fully sold on that calm. After the July 15 decision, Capital Economics North America economist Thomas Ryan said the bank’s messaging “suggests it has no intention of responding to energy-driven inflation with higher interest rates,” adding that “money markets continue to price in some chance of tightening.” The council left that door…
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Why AbbVie Stock Slumped Today
Key Points Shares of AbbVie (NYSE: ABBV) were bouncing along merrily for most of Thursday’s trading session, until news of a fresh demand from the White House quashed the rally. Initially, the market was cheered by better-than-expected quarterly results published by the company that morning. Ultimately AbbVie’s stock closed down slightly lower in price, roughly…
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‘Hero’ Households Better Positioned Than Many to Achieve Homeownership
Many so-called “Hero households” are better positioned than many to achieve homeownership, according to a new analysis of home affordability by Homes for Heroes, a national program that provides real estate and mortgage savings to firefighters, law enforcement, military personnel, healthcare professionals, and teachers. According to the analysis, while the median-income household is priced out…
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Fed Moves to Give Mutual Banks More Flexibility to Raise Capital
The Federal Reserve is seeking comment on a proposal that it said would modernize rules for mutual banking organizations and increase their flexibility to raise capital. The proposal would update rules that have not been changed since they were established in 1993 and have proven to be “overly burdensome and complex,” the Federal Reserve said in…
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Why Baxter International Stock Skyrocketed by 19% This Week
Baxter International (BAX -2.21%) probably didn’t want this trading week to end. According to data compiled by S&P Global Market Intelligence, the veteran medical device purveyor’s shares flew 19% higher over the period. That was hardly a surprise, as the company published a highly encouraging quarterly earnings report Thursday morning. There’s nothing as good as…
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Chime cites AI in laying off 10% of its workers
Key insight: Chime and Visa have both indirectly tied AI to job cuts in recent announcements. Expert quote: “AI is changing what’s possible but requires new skills,” —Chime CEO and co-founder Chris Britt Forward look: The ability of consumers to use their own AI tools to access banking services will make some development work unnecessary. …
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Canada beat the growth forecast. Economists say don’t get too excited
Reports of a recession were greatly exaggerated The tone from economists was, at times, pointed. Douglas Porter, chief economist at BMO Capital Markets in Toronto, framed May’s result as a rebuttal to months of downturn anxiety: “it’s now clear that the underlying economy is still grinding ahead, with GDP up 1.7% from year-ago levels.” Porter,…
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New York Top Real Estate Deals: Thursday, July 30
There were 211 transactions totaling $317 million filed in New York City records in the 24 hours before 4 p.m. on Thursday, July 30. 🏆Commercial: The biggest commercial sale to hit records was in Manhattan Valley where Delshah Capital bought five apartment buildings for $36.9 million. Quality Capital sold the properties at 3-5 and 7-9…
