Joel Wiener, a major owner of New York City apartments, has put properties with thousands of residential units into bankruptcy months after a bank sought to foreclose on them. Numerous property holding companies tied to Wiener’s Pinnacle Group sought court protection Wednesday in New York The properties listed assets and liabilities of between $500 million and $1 billion …
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Foreign Minister of Iran Abbas Araghchi said on Thursday that his country will continue its uranium enrichment plan, despite the pressure from the United States to halt it. Araghchi stated that Iran will not back down from its nuclear rights, but is ready to adopt “confidence-building and transparency measures.” The minister said that Washington is …
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The Israeli government has decided to pull its negotiating team from Qatar after talks with Hamas stalled, Israeli media reported on Thursday. “There is no movement in the talks and Hamas continues to demand an end to the war,” Axios reporter Barak Ravid cited a senior Israeli official as saying.Last week, Israeli Prime Minister Benjamin …
OPEC+ members are discussing making a third consecutive oil production surge in July, to be decided at the group’s meeting in just over a week, delegates said.An output hike of 411,000 barrels a day for July — triple the amount initially planned — is among options under discussion, although no final agreement has yet been …
Israeli Prime Minister Benjamin Netanyahu expressed hope on Wednesday that the United States will be able to push Iran to agree to halt its uranium enrichment program. “We are in constant contact with the United States. If there is an agreement that prevents Iran from enriching uranium, we will welcome it,” he stated during a press …
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Yields on United States Treasuries rose on Wednesday, with the yield on the 30-year bond reaching the highest level since October 2023, as investors worried a new tax bill could significantly increase the country’s deficit. The yield on the 30-year Treasury was up 11.1 basis points to 5.077% at 1:27 pm ET. The yield on the …
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Oil prices jumped Wednesday over fears that Israel could be planning an attack on Iran’s nuclear facilities. International benchmark Brent Crude was up around 1.5% by mid afternoon in Asia. That followed reports by CNN that Israel is planning an air strike. It cited U.S. officials as a source. The report said Israel had been …
Long-dated Treasuries fell on Monday as investor attention turned to the US’ ballooning debt after Moody’s Ratings stripped the nation of its last top credit rating. The 30-year yield increased as much as nine basis points to 5.03%, the highest since November 2023, while the 10-year rate reached 4.56%, approaching last month’s high. Both retreated from those levels and …
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Long-dated Treasuries fell on Monday as investor attention turned to the US’ ballooning debt after Moody’s Ratings stripped the nation of its last top credit rating. The 30-year yield rose as much as eight basis points to 5.02%, the highest since November 2023. The benchmark 10-year rate climbed seven basis points to 4.55%. The dollar …
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The Israel Defense Forces (IDF) launched on Sunday Operation Gideon’s Chariots, expanding its ground campaign in Gaza to the northern and southern parts of the strip. “Over the past week, the Air Force launched an opening strike, striking more than 670 Hamas targets across the Gaza Strip in order to disrupt enemy preparations and assist …