Key insight: Bunq, a Dutch neobank attempting to enter the U.S. digital banking market, had its charter application denied by the OCC on Friday. What’s at stake: This is the second denial of a fintech bank charter request from the agency as it is scrutinizing recent applications. Forward look: Bunq has not declared whether it…
Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected. The monthly jobs report is one of the most–if not THE most–important pieces of economic data to the rate market on any given month. If the numbers are close to forecasts, there isn’t always a big reaction. Today’s…
All five of the publicly traded title insurance underwriters recorded higher net income year-over-year, or in Old Republic’s case, higher pretax operating income. But the reaction to those results by Keefe, Bruyette & Woods was a mixed bag. It was also a difficult spring home buying season this year as mortgage rates moved higher since…
Andrew Ferguson, chairman of the Federal Trade Commission.Bloomberg Processing Content Key insight: The Federal Trade Commission has dropped compliance obligations for three companies that entered into settlements with the FTC under the Biden administration. What’s at stake: The shift away from enforcing disparate-impact liability is part of the Trump administration’s broader agenda to dismantle diversity,…
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Ida Huddleston has lived on the same stretch of farmland outside Maysville, Kentucky, since she was 16. She and her late husband built a log home there, raised children, and worked the soil through six decades of marriage. Today, the family owns roughly 1,200 acres, and multiple generations still live on it. Last spring, an…
A Michigan judge dismissed a $6 million lawsuit stemming from the bitter ownership dispute over 1 Park Row, ruling that the fight over the Lower Manhattan luxury tower belongs in New York courts. Kent County Business Court Judge Curt A. Benson sided with the building’s original developer, an affiliate of New York-based Circle F Capital,…
A new-to-town developer plans to replace a coworking building in North Houston with a new 345K SF industrial facility. Photo credit: Stotan Industrial Stotan Crossings 45 Chicago-based Stotan Industrial acquired the 20-acre property at 711 Rankin Road to construct a cross-dock facility dubbed Stotan Crossings 45. “Houston’s strong demand fundamentals, population growth, and manufacturing tailwinds…
Redwire Corporation (RDW +14.88%) stock finished Friday up 14.9% while the S&P 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively. Shares of the space hardware and defense drone builder rose for the second day following the release of its second-quarter report, which came in well ahead of expectations. Today’s Change (14.88%) $1.76 Current…
The Securities and Exchange Commission (SEC) has scheduled a roundtable for next month that will discuss 24 hour trading for US equity markets. The roundtable will address challenges and opportunities for an updated approach in markets that are largely automated. While the SEC will discuss, it is already happening as a growing number of new…