Key insights: Synchrony Financial recorded its highest purchase volume ever in the second quarter as consumers across all credit buckets spent more on discretionary purchases. What’s at stake: The Stamford, Connecticut based lender joined the chorus of banks enjoying the boons of the current credit cycle despite ongoing affordability concerns and persistent inflation. Forward look:…
When Summer Farmen first noticed the shortness of breath and persistent tiredness, she didn’t think much of it. It was early 2020, but COVID wasn’t her first thought, since she otherwise felt fine. Within a month, she found herself choking and coughing during casual conversations. The Pennsylvania-based mom of three was used to taking extra…
Home prices rose 0.3% in June, tied with May for the fastest growth since the start of 2026. Prices rose 3% on a year-over-year basis–the fastest growth rate in 10 months. Prices rose in 30 major metros month over month, with the biggest increases in Columbus (1.2%), Miami (1.1%) and Cincinnati (1%). This is based…
U.S. President Donald Trump’s latest tariffs against Canada have reinforced BMO Economics’ view that the Bank of Canada will keep interest rates unchanged through the rest of the year. BMO believes the Bank is “firmly on hold” and said any rate increase would now have to be considered “very, very carefully.” If Canada-U.S. trade relations…
Wall Street major Goldman Sachs has warned that Brent crude could surge to $120 per barrel if disruptions through the Strait of Hormuz, the world’s most critical oil transit route, persist, even as its base case assumes an eventual easing of tensions in the Middle East. Goldman Sachs expects Brent crude to average $80 per…
A Park Slope townhouse with a private driveway and a two-car garage topped Brooklyn’s luxury market last week. The home was one of 18 — nine condos, one co-op and eight single-family homes — asking at least $2 million to find a buyer, according to Compass’ weekly contracts report from July 13 to July 19….
Energy Keeps The Lead Locked Down
London Stock Exchange has unveiled plans for London Stock Exchange 24 (LSE 24), a new 24/5 trading venue built to support the next generation of digital, algorithmic and agentic trading. LSE 24 will offer near continuous trading from Monday to Friday, giving investors around the world more flexibility to react to market moves, tap into…
As the conflict between Iran and the US continues to escalate, JPMorgan Chase CEO Jamie Dimon said investors are underestimating geopolitical and fiscal risks that could eventually rattle stock markets, adding that he would not buy either equities or bonds at the current prices. “I do think those risks are probably bigger than other people…
Samsung is seeking to make the next stage of its ecosystem strategy extend beyond smartphones and into the wallet. The company is entering the U.S. credit card market with the Samsung Galaxy Card, a move designed to deepen engagement with its ecosystem and expand its role in consumers’ everyday financial lives. Issued by Barclays U.S….