Greg Abel’s first major deal at the helm of Berkshire Hathaway Inc. wasn’t just a way to put a dent in a nearly $400 billion cash pile. It was also a bet on the American Dream. Processing Content With its acquisition of Taylor Morrison Home Corp., Berkshire vaulted into the ranks of the largest US…
It’s 5.30pm and almost dusk as I sit by a lotus lake, sipping green tea and scribbling down some thoughts in a notebook. I’m writing a “Love letter to the Earth” – a few words of thanks and hope while a lady plays three large crystal singing bowls behind me. I fold the piece of…
Ask any wealth management firm what a new advisor recruit can expect in the first 90 days, and you’ll likely get a tidy answer that includes compliance training, licensing paperwork and an introduction to the team. Ask what happens after that in the age of AI, the answers get murky. Processing Content Day 91 once…
Whatnot raised $545 million in a Series G funding round to grow its live commerce platform, the company said in a Friday (Aug. 7) press release emailed to PYMNTS. The round increased Whatnot’s valuation to $20 billion, up from the $11.5 billion valuation the company achieved in an October 2025 Series F round in which…
Smokey John’s has been serving barbecue in Dallas, Texas, since 1976. It was already losing money when a devastating fire destroyed the entire restaurant in 2017. So, brothers Brent and Juan Reaves had to rebuild it from scratch. Their bet paid off. Today, Smokey John’s makes nearly $4 million in annual revenue and goes through…
Divergent lender strategies have sent mixed signals across the mortgage market, as Nationwide prepares to lower rates by up to 19bps while Halifax pushes through increases despite its competitor’s cuts. Explore these and other major industry updates below: Nationwide to lower rates by up to 19bps Nationwide Building Society brings welcome relief to the…
The Lok Sabha on 6 August passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends the Payment and Settlement Systems Act, 2007 and allows the government to bring back merchant discount rate (MDR) charges on transactions conducted through the unified payments interface (UPI) system. The lower house of Parliament on Thursday, approved the…
On buy side, equity index options tilted bullish in Q1 – Risk.net Skip to main content End of drawer navigation content Counterparty Radar: Share of notional in short positions hit new low for US life insurers; mutual funds also reported smaller short books As the year began, equity index options books at US funds and…
Barry Gosin will step down as CEO of Newmark at the end of the year, ending a 48-year run at the helm of the brokerage and commercial real estate services firm. Photo credit: Unsplash/Benjamin Child Gosin will continue to serve as chairman of Newmark’s operating company, Newmark & Co. Real Estate Inc., and will “focus…
Home sales rose 7% in July, the strongest annual gain seen so far this year, according to the Zillow July Market Report. Looks can be deceiving, however. A closer look takes some air out of that headline figure, Zillow noted. Newly pending listings are up just 0.3% year over year, Zillow said, suggesting July may…