Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key initiatives that are central to our long-term strategy.” Speaking during a Friday (July 17) earnings call, Turner said surveys ranked Regions No. 1 among regional banks in online…
Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures settled $3.87, or 4.59%, higher…
“It doesn’t make a difference who wins the game. The IRS will get a piece.”
Munis were slightly cheaper in spots on Friday, as U.S. Treasuries were mixed and equities ended lower. Processing Content Muni yields were up to two basis points higher, depending on the curve. UST yields saw losses on the front end but small gains out long. Friday’s muni market was quieter, compared to the losses on…
Copper, often called the “metal of electrification,” has emerged as one of the most strategically important commodities in the global economy. Once viewed mainly as a basic industrial metal, copper is now at the center of the world’s transition toward clean energy, electrification and digital infrastructure. The sharp rise in copper prices in recent years…
Columbia University is adding a new student housing project to its dormitory portfolio in northern Manhattan. Sam Charney’s Charney Companies sold its more than 300-unit project at 99 Claremont Avenue in Morningside Heights to the Ivy League university for $122 million, a source close to the deal confirmed. The Real Deal first reported the deal….
In Nantucket, MA, over 50% of the housing inventory is designated for holidays, vacation or seasonal purposes, representing the highest concentration within any luxury market in the nation. This degree of scarcity is influencing the pricing strategies of vacation-oriented luxury markets, diverging from the national trend, according to the Realtor.com Luxury Housing Report for June…
GC Exchange FZE (GCEX) has named Mohammed A. Mulla as a Board Member of its Dubai based entity, part of the broader GCEX Group. GCEX operates as a Virtual Asset Service Provider (VASP) regulated by the Virtual Asset Regulatory Authority (VARA) in the UAE and is authorised as a broker-dealer. Mulla brings extensive capital markets…
The growing role of artificial intelligence (AI), alternative data and Specialised Investment Funds (SIFs) in India’s investment landscape took centre stage at the sixth edition of the Indian Institutional Quant Conference (IIQC), organised by the Lambda Quantitative Strategies Association (LAQSA). The day-long conference, held on July 17 at the Taj City Centre in Gurugram, brought…
Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…