Author: Jordan

As property tax and insurance costs spike and borrowing costs remain elevated, the primary concern for residential U.S. mortgage servicers in 2026 is declining mortgage affordability, Fitch Ratings said Monday. Hosting representatives from 20 servicers and master servicers at an annual roundtable event, Fitch said almost half of those attending cited “borrower affordability” as the most significant challenge they face this year. Summarizing anonymized survey findings gathered during the event, one servicer noted how delinquencies increase more than fivefold when the property tax and insurance portion of a borrower’s monthly mortgage payment exceeds the principal and interest portion. Real estate…

Financing round led by new investor Viking Global Investors with participation from key existing investorsTEMPE, Ariz., June 9, 2026 /PRNewswire/ — GT Medical Technologies, Inc., a medical device company dedicated to improving the lives of patients with brain tumors, today announced the closing of an oversubscribed $100 millon Series E equity financing. The financing was led by new investor Viking Global Investors with participation from key existing investors, including MVM Partners, Gilde Healthcare, Evidity Health Capital, Medtech Venture Partners and FemHealth Ventures. GammaTile Tile-Based Radiation Therapy “This financing is validation of GammaTile’s potential to be a standard of care treatment for…

The proposed regulation would add provisions to ensure alignment with the U.S. Treasury Department’s proposed requirements for state frameworks to be certified under the GENIUS Act, DFS said in a Tuesday (June 9) press release. “The rules and expectations that we have in New York for virtual currency companies have protected New Yorkers and facilitated a stable market,” DFS Acting Superintendent Kaitlin Asrow said in the release. “The GENIUS Act’s provisions mirror DFS’s stablecoin framework, and this proposal will ensure that the department’s regulatory regime is in full alignment with new federal requirements while maintaining our standard for protecting consumers…

Industry participants said a bullion trade body has proposed that banks use gold bars refined from dore instead of importing fresh gold for issuing GMLs to jewellers. (AI image) In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards.Despite a lower import volume of 721 tonnes compared with the previous year, India’s gold import bill rose 24% to a record $71.9 billion in 2025-26.The dozen banks involved in gold imports either borrow gold…

BTL products come with a £250 application fee, £999 completion fee and payable valuation fee. Rates include a personal BTL 2-year discount at 5.19% variable at 80% LTV and limited company BTL 2-year discount at 5.39% variable at 75% LTV. Interest coverage ratios are set at 125% for basic rate taxpayers and 145% for higher rate taxpayers on personal applications, and 125% for limited company borrowers. Christopher Holmes, products & proposition senior manager at Hinckley & Rugby, said: “We know that many people living and working in the UK on eligible visas can face additional challenges when it comes to accessing mortgage…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

WhiteHawk Minerals opens at $26.15/share, higher than IPO pricing at $26/share Investing.com UK Source link

In this article, we will discuss the 10 Best Data Center Stocks to Invest In According to Billionaires.Trillions of dollars are flowing into data centers to keep up with growing demand amid the artificial intelligence boom. McKinsey expects data center demand to more than triple by 2030, a surge that would require data center operators to invest nearly $7 trillion to keep up. Last year, OpenAI, Softbank, and Oracle announced a $500 billion AI infrastructure pact through 2029 to keep up with the demand.Likewise, the spending on data center construction has been on the rise, increasing by 28% in April…

A low income doesn’t have to put college out of reach.In addition to financial aid, students have access to federal programs, grants and student loans to help bridge the gap between what college costs and what their families can afford.First things first: Before taking on debt, complete the Free Application for Federal Student Aid (FAFSA) to see what free aid you qualify for. For additional funding, federal student loans generally offer the safest borrowing option, especially for those with low income, and private loans are best reserved for filling any remaining gaps.Here’s how to navigate the process as a low-income…

Hello Rainmakers,As AI reshapes professional services and skills shortages persist, KPMG’s Kal Nijjar believes the sector’s biggest responsibility may lie outside the deal process.Rainmakers subscribers get two unique pieces a week, but also full access to our back catalogue of investigations, scoops, and insights, including updates on sector trends, like this one, insights from The Secret Investor, interviews with entrepreneurs, and the leaders from other VC and PE investors like Endless, BGF and WestBridge.The corporate finance sector spends much of its time helping businesses navigate growth, investment, acquisitions and transformation. Yet as firms look ahead to the next decade, one…