US Fed holds interest rates steady citing ‘elevated’ inflation
The United States Federal Reserve announced on Wednesday its decision to maintain the federal funds rate at a range of 350 to 375 basis points, marking the second monetary policy…
Lazard Reports Significant Net Income Decline in Q2 2026 Amidst Elevated Tax Rate and Advisory Revenue Softness, But Assets Under Management Surge
Lazard has reported a substantial 91% year-over-year decline in net income for the second quarter of 2026, reaching $5 million compared to $55 million in the same period of 2025.…
Mortgage Demand Falters Amid Elevated Rates, Geopolitical Tensions
The U.S. mortgage market is navigating a period of sustained high interest rates, leading to a noticeable stagnation in application volumes, a trend underscored by the latest data from the…
Global Data Center Capacity Faces Elevated Climate Hazard Risk, Study Reveals, Challenging Outdated Investment Models
A significant majority of the world’s data center capacity, the indispensable backbone of the modern digital economy, faces substantial and escalating risks from acute climate hazards, according to a comprehensive…
June Home Sales Disappoint Amidst Record Prices and Elevated Mortgage Rates
The American housing market experienced a notable slowdown in June, with sales of previously owned homes registering an unexpected decline, primarily driven by the persistent twin pressures of record-high prices…
Global Data Center Capacity Faces Elevated Climate Hazard Risk, Study Reveals
A groundbreaking study released by First Street, a leading climate risk analytics firm, has unveiled a stark reality: a vast majority of the world’s data center capacity is exposed to…
Home Sellers Pull Listings at Fastest Pace Since 2020 Amid Shifting Market Dynamics and Elevated Mortgage Rates
The crucial spring real estate market, typically a period of heightened activity and robust demand, has seen an unprecedented surge in withdrawn listings, indicating a growing frustration among homeowners struggling…
Why Mortgage Rates Remain Elevated Despite Falling Oil Prices and the Resolution of Global Geopolitical Tensions
The global housing market and the broader financial sector are currently grappling with a significant economic paradox: the stubborn persistence of high mortgage rates in the face of falling energy…
Mortgage Denial Rates Surge Amid Elevated Interest Rates, Locking Out Prospective Homebuyers
Higher interest rates are doing more than just dampening the enthusiasm of potential homebuyers; they are actively blocking a growing number of consumers from qualifying for a mortgage, according to…
Homeowners Tapping Billions in Equity Amidst "Lock-in Effect" and Elevated Home Values
Even as the once-frenzied pace of home price growth has moderated, the robust housing boom witnessed during the first half of the 2020s has left a significant legacy: millions of…
