Author: Jordan

Frank C. Oh Academy Securities has appointed veteran public finance executive Frank C. Oh as managing director and head of municipal banking, adding a senior municipal markets leader as the firm looks to expand its public finance capabilities and deepen relationships with government and infrastructure issuers. Oh brings more than three decades of experience in municipal finance and capital markets, having worked on over $60 billion in financings for issuers across the country. His background includes senior leadership roles at UBS, Goldman Sachs and, most recently, Loop Capital, where he advised on large-scale municipal, transportation and infrastructure transactions. The hire…

Gold overtakes US Treasuries as top central bank reserve asset AMWatch Source link

Nvidia pushes into the PC chip market with the RTX Spark Nvidia used its appearance at Computex to announce a move that could reshape the consumer computing landscape. The RTX Spark superchip pairs a Blackwell GPU with an Arm-based Grace CPU and 128GB of unified memory — and marks Nvidia’s first serious entry into the PC processor market, a space long dominated by Intel, AMD, Qualcomm and Apple. The chip was developed in collaboration with Microsoft and MediaTek. Initial devices will be as thin as 14mm, targeting creators, AI developers and gamers, with more than 30 laptop and 10 desktop…

Halifax is the latest lender to slash its prices, reducing first-time buyer and home mover fixed rates by up to 0.12% and remortgage fixed rates by up to 0.14% yesterday (Monday).They were following hot on the heels of Barclays and NatWest which both made rate reductions on Friday. Coventry Building Society and Gen H have also cut prices in response to falling swap rates, which are what lenders used to set their fixed-rate mortgage pricing.Overall, mortgage rates are falling with a typical two-year fixed rate plunging from 5.73% on Tuesday last week to 5.67% today, according to Moneyfacts.Meanwhile, the average five-year fixed rate mortgage…

Email Sign Up For Our Free Weekly Newsletter Hurricane Storm Risk Expands Beyond Traditional Coastal Hotspots The nation’s largest concentration of hurricane-related property risk is no longer found along Florida’s beaches or Texas’ Gulf Coast. It is concentrated in and around New York City, where millions of homes and trillions of dollars in real estate value sit in the path of increasingly costly storms. A new analysis released Tuesday by property intelligence firm Cotality found that more than 3.27 million homes across New York face moderate-to-severe hurricane wind exposure, representing nearly $1.93 trillion in potential reconstruction costs. The figure marks…

VT Holland Advisers fund manager Andrew Hollingworth explains why most funds are underweight entrepreneur-led businesses. Entrepreneurs are generally “eccentric” and “don’t care what other people think of them”, according to Andrew Hollingworth, manager of the VT Holland Advisors Equity fund, which can rub some fund managers up the wrong way. As a result, many of his peers shy away from investing in entrepreneur-backed companies, as they are run by “difficult people” who can be “volatile”. He highlighted Michael O’Leary, chief executive of Irish budget airline Ryanair, as an example of someone who swears a lot – something that is uncommon…

Former buy-to-let (BTL) landlords looking for more adventurous and higher-yielding investments are turning to commercial and semi-commercial property investment. While more complex, requiring the advice of specialist brokers to structure deals to suit risk and yield appetites, those complexities serve to keep ‘run-of-the-mill’ investors out of the commercial market, pushing the price of properties down by as much as 15% in the last four years. Analysis by lender Together of HMRC data shows an 18% increase in the volume of commercial and mixed-use or semi-commercial property purchases from 95,660 to 113,750 between 2022 and 2025. Together’s own data shows…

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:…

According to Curinos, a real estate analytics firm, rates on both home equity loans and lines of credit are extremely close. Average rates on home equity loans are 7.36%, matching the 2026 low. Average HELOC rates are 7.21%, just above their 2026 low. With rates this similar, how do you decide which equity product is best? The answer is straightforward when you consider what you’re using it for. Keep reading to learn more. Learn the differences between a HELOC and a home equity loan HELOC and home equity loan rates Tuesday, June 2, 2026 According to real estate analytics firm…

Researchers at Nanjing University have developed a new platinum-based cancer treatment strategy designed to improve the effectiveness of immunotherapy while reducing the toxic side effects commonly associated with chemotherapy. The study could help overcome one of the major limitations of immune checkpoint inhibitors (ICIs), a class of immunotherapy drugs that has transformed treatment for several cancers but remains effective in only a proportion of patients. Although ICIs can help the immune system recognise and attack tumours, many cancer cells evade immune detection by suppressing antigen presentation pathways or reducing expression of major histocompatibility complex class I (MHC-I) molecules, which are essential…