NBA MVP Shai Gilgeous-Alexander has agreed to a four-year, $285 million super maximum contract extension with the champion Oklahoma City Thunder through the 2030-31 season, sources told ESPN on Tuesday. This is now the richest annual salary for a player in league history. He has now signed two contract extensions as a member of the … Read more
US Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC on June 24, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank would have easier monetary … Read more
Check out the companies making headlines before the bell. Tesla — The electric vehicle maker shed 6% after President Donald Trump suggested that the U.S. Department of Government Efficiency look at subsidies for Tesla CEO Elon Musk ‘s companies for potential cost-cutting measures. Trump’s comments came after Musk again criticized the president’s tax-and-spending bill . … Read more
Some 90 years ago, Boston built its first public housing development, a sprawling, low-slung complex in South Boston called Old Harbor that was so large it effectively became its own neighborhood. And on Monday, after decades of wear and tear, officials broke ground on the first phase of a massive $2 billion redevelopment of the … Read more
FORT LAUDERDALE, Fla. (AP) — Crew members from a Disney cruise ship saved a girl who fell overboard and her father who jumped in after her. The Disney Dream rescue team pulled the girl and her father into a small boat on Sunday as the cruise ship was returning to Fort Lauderdale, Florida, from the … Read more
NEW YORK, July 01, 2025–(BUSINESS WIRE)–BlackRock, Inc. (NYSE: BLK) and HPS Investment Partners (HPS) today announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping financial markets and the structural trends supporting its growth have accelerated the convergence of public and private markets. Financing activity is being shifted toward the capital markets, … Read more
Solar energy financing in Africa just got a massive boost. d.light, the Stanford-born solar company that’s been quietly revolutionising energy access across the continent, has expanded its receivables financing facility to purchase over $300 million worth of consumer debt, pushing its total securitised financing capacity to a staggering $842 million across five facilities. d.light now … Read more
Concerns over channel conflict in mortgage lending — particularly between wholesale and retail operations — are resurfacing as brokers reclaim a growing share of originations. Tension can arise when wholesale lenders also operate retail arms, potentially putting them in direct competition with the very brokers bringing them business. This strain has led companies like United … Read more
Eight-month-old Cekura has raised a $2.4 million seed round led by Y Combinator to help fine-tune AI voice agents. Flex Capital, Hike Ventures, Pioneer Fund, and Decacorn participated in the round, as did angel investors Kulveer Taggar, Chris Smoak, Ooshma Garg, Richard Aberman, and JJ Fliegelman. Cekura — a riff on the word secure, rebranded … Read more
A 10-year project to bring nearly 40 low-income housing units near the Iowa State University campus is finally complete. The Townhomes at Creekside were built at 3216 Tripp Street in the Baker subdivision, the former site of Ames Middle School. The development features six apartment buildings with 38 units available for rent to low-income families, each … Read more