cnbc_topnews
📰 source: cnbc_topnews · 💼 business ten state attorneys general filed a lawsuit tuesday seeking to invalidate two office of the comptroller of the currency rules that allow certain banks under its supervision to sidestep state laws requiring interest on mortgage escrow balances. the federal lawsuit, filed in u.s. district court
cnbc_topnews
📰 source: cnbc_topnews · 💼 business credit card balances rose by $21 billion in q2 to $1.26 trillion, nearing last year's all-time high of $1.28 trillion, according to new york fed research. that's up 1.7% from the prior quarter. the share of balances in late-stage
cnbc_topnews
📰 source: cnbc_topnews · 💼 business jensen huang revealed a plan with goldman sachs, blackrock, blackstone, kkr, apollo and brookfield to raise $500 billion or more for building new ai factories. the group called ai infrastructure a new asset class, with huang saying the systems are revenue-generating, long-lived and fungible. details are
theguardian_business
📰 source: theguardian_business · 💼 business nvidia has struck a deal with six wall street firms — goldman sachs, apollo, blackrock, blackstone, brookfield and kkr — to raise over $500bn to fund datacentres, chip factories and power stations for ai. ceo jensen huang called it a major milestone for the company and the ai
theguardian_business
📰 source: theguardian_business · 💼 business moody's warned that banks' rush into ai is creating a dangerous reliance on a small group of silicon valley firms, exposing them to outages and price gouging. the rating agency said ai will eventually cut costs and boost revenues across the city and
theguardian_business
📰 source: theguardian_business · 💼 business flats in england are stuck on the market. a guardian call-out pulled in stories like susan young's: she paid £300k for a devon two-bed, spent £15-20k renovating, dropped the price to £280k, and still got only four viewings in nine months. louisa in london
cnbc_topnews
📰 source: cnbc_topnews · 💼 business jim cramer said thursday that earnings season has revealed five investing themes he thinks will produce the market's best buying opportunities. he told cnbc's 'mad money' viewers to focus on broader market themes to narrow the field. the first theme
cbs_moneywatch
📰 source: cbs_moneywatch · 💼 business treasury secretary scott bessent announced a crackdown on undocumented immigrants' use of u.s. banks, telling arizona bankers the administration won't tolerate risks from extending financial services to illegal aliens. bessent's remarks came at a meeting with bankers in arizona, a
cnbc_topnews
📰 source: cnbc_topnews · 💼 business shares of uwm holdings plunged 40% thursday after the parent of united wholesale mortgage, the biggest u.s. mortgage lender, suspended its dividend and raised fresh capital. the company announced a $2.05 billion equity investment from oaktree capital management and sfs group capital llc, a
cnbc_topnews
📰 source: cnbc_topnews · 💼 business jamie dimon warned that leverage across financial markets remains elevated, saying margin debt is the highest it's ever been and hidden borrowing could amplify disruptions. he pointed to borrowing through prime brokerages, hedge funds, exchange-traded funds and treasury arbitrage strategies. "the market leverage
cnbc_topnews
📰 source: cnbc_topnews · 💼 business bank of america ceo brian moynihan called the recent near-collapse of ai hedge fund situational awareness a warning shot for markets fueled by elevated valuations and borrowed money. the fund, led by leopold aschenbrenner, was forced to offload most of its public equities to citadel last
cnbc_topnews
📰 source: cnbc_topnews · 💼 business mortgage rates hit their highest level in over a year last week, and demand dropped. total mortgage application volume fell 2.9% week to week, per the mortgage bankers association's seasonally adjusted index. applications were also 5% lower than the same week a year