Author: Charlotte

UBS managing director and senior portfolio manager Jason Katz joins ‘Varney & Co.’ to give his outlook on the markets in the second half of the year. Housing affordability is expected to improve with the pace of home price growth slowing to a rate that’s lower than inflation, a new report finds. Realtor.com on Wednesday released a midyear update to its 2026 housing market forecast that estimates home price growth will slow to 1.2% this year, a rate that’s slower than the original forecast for the year and is slower than the pace of inflation. That means home prices would…

Accounting firms have been fielding offers from a growing number of private equity investors over the past five years as PE money continues to pour into the accounting sector, fueling a wave of M&A activity.Processing ContentSome firms are trying to steer a middle course, like Sax, a Top 75 Firm based in Parsippany, New Jersey, which split into Sax Advisory Group and Sax LLP, after receiving a minority investment from Cobepa last July. The firm has been growing and acquiring six other firms ever since the deal, most recently adding Faz Forensics in April. Sax CEO Joseph Damiano “Cobepa gave…

[SINGAPORE] Bitcoin has fallen about 28 per cent this year, with its latest slide sparked by Strategy unloading the cryptocurrency.The world’s largest corporate holder of Bitcoin sold 3,588 tokens worth about US$216 million between Jun 29 and Jul 5 to fund dividends on its digital credit securities. The trades work out to an average of US$60,000 per Bitcoin.The disposal marked its largest Bitcoin sale since 2022, despite long-time Bitcoin advocate and company chief Michael Saylor’s repeated declarations that the company would not sell its holdings.The move has raised concerns that if Strategy continues to trim its Bitcoin holdings to raise…

A new IE University study reveals sovereign funds are redirecting capital toward strategic domestic sectors, with AI attracting a growing share of large-ticket deals. Shifts in geopolitical alliances are driving sovereign funds to increasingly focus on strategic national priorities – from reliable infrastructure to key domestic industries – alongside the expected returns on investments, according to a study released on Friday. The study, conducted by IE University in Spain, found that sovereign funds managing more than $15 trillion are playing an increasingly significant role in financing artificial intelligence, at a time when governments are viewing AI and semiconductors as strategic…

Victoria Sigeti: Freshfields’ New UK Leader on Being Loyal to London and Patient on US Private Capital Law.com Source link

For decades, the EU relied on an export-led growth model that no longer fits a world shaped by protectionism, geopolitical rivalry, and industrial policy. This shift has hit Germany particularly hard, as China has evolved from a key export market into a major competitor in high-value manufacturing. Europe can therefore no longer depend on external demand while seeking to finance its own transitions and resilience. The Savings and Investment Union (SIU) should be the EU’s response: a reform agenda to mobilise private savings, strengthen innovation, and deepen the single market. To succeed, it must focus on stronger, more independent supervision…

The U.K.’s National Film and Television School (NFTS) has unveiled a new partnership with Angels Costumes and John Gore Studios to support the renowned college’s new costume course. The two-year costume design for film and television postgraduate degree — developed in response to growing demand from across the screen industries for skilled costume designers, supervisors and department heads — will welcome its first cohort of 10 students in January. Following the new partnership with Angel Costumes — the world’s longest-established professional costumiers, founded in 1840 and recently acquired by John Gore Studios — students will gain access to its expertise, resources and industry…

SAN FRANCISCO, July 09, 2026 (GLOBE NEWSWIRE) — Primoris Services Corporation (NYSE: PRIM) shares cratered again during intraday trading on June 23, 2026 (-$43.34, -40%), on the company’s disclosure of additional challenges to- and cost overruns within- its renewables business projects and the abrupt departure of its Chief Operating Officer. The news follows Primoris’ May 5, 2026 disclosure that it suffered huge year-over-year and sequential declines in revenues and gross profits for its Energy segment and identified ongoing, expanded issues with its renewables business, news which sent the price of company shares tumbling $101.69 (-50%). Hagens Berman is actively investigating…

(Kitco NewsWire) – Spot gold and silver prices are higher in late-afternoon U.S. trading Thursday, as crude oil prices pulled back, Treasury yields eased and the U.S. dollar weakened after Wednesday’s Fed-minutes and Hormuz-driven selloff. At the time of writing, spot gold was trading near $4,120.80 an ounce, up 1.13%, while spot silver was trading near $59.95, up 2.82% on the session.Gold’s session range was $4,053.60 to $4,134.90, leaving the metal back above the $4,100 area but still below the $4,162 to $4,214 resistance zone that capped the latest rebound. Silver’s session range was $57.47 to $60.62, with the metal…

$7 trillion. That is the scale of the cash pile parked in money market funds and short duration instruments, waiting for a reason to deploy. The reasons are stacking up fast. What It Means The economics of holding cash are eroding in real time. The Federal Reserve’s target rate upper bound sits at 3.75%, down from a 12-month high of 4.50% on September 17, 2025. That is 75 basis points of cushion removed from cash yields in nine months, delivered across three cuts on September 18, 2025, October 29, 2025, and December 10, 2025. The signal filters straight into consumer…