🚨 NEW: Elon Musk’s xAI is hiring Wall Street bankers and traders to train Grok on financial modeling amid layoffs and leadership changes at the company. https://t.co/1VvdrGGhPq ...

Good afternoon everyone and uh thanks GIP for calling me to this wonderful event. It's it's it's an honor. Um and uh the theme of the talk is in uh on my first slide uh misallocation and economic growth but to motivate my talk let me begin with a picture and the picture is kind of self-explanatory but nonetheless let me go and explain it a bit.There's this young entrepreneur, small but has great ideas but is struggling for some money, struggling for finance. And then there is this big company uh the problem ...

IEA members could release more oil stocks 'as and if needed,' agency chief says | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv International Energy Agency (IEA) Executive Director Fatih Birol speaks during a press conference in Istanbul, Turkey, March 12, 2026. REUTERS/Dilara Senkaya Purchase Licensing Rights, opens new tab PARIS, March 16 (Reuters) - Member countries of the International Energy Agency could release more oil into ...

Core Viewpoint - TWO Harbors Investment Corp. has adjourned its Special Meeting of Stockholders to allow additional time for stockholders to vote on the proposed merger with UWM Holdings Corporation, with the meeting reconvening on March 24, 2026 [1][2]. Company Overview - TWO Harbors Investment Corp. (NYSE: TWO) is a real estate investment trust (REIT) focused on mortgage servicing rights and residential mortgage-backed securities, headquartered in St. Louis Park, MN [6]. - UWM Holdings Corporation (NYSE: UWMC) is the parent company of United Wholesale Mortgage, the largest home mortgage lender in the U.S., known for its wholesale channel operations [6]. Merger Details - The merger agreement between TWO and UWMC was announced on December 17, 2025, where UWMC will acquire TWO in an all-stock transaction at an exchange ratio of 2.3328 shares of UWMC Class A Common Stock for each share of TWO common stock [4]. - The completion of the merger is contingent upon approval from TWO's stockholders and other customary regulatory approvals [4]. Special Meeting Information - The adjourned Special Meeting will be held virtually on March 24, 2026, at 11:00 a.m. Eastern Time, with stockholders encouraged to vote during the additional period [2][3]. - Stockholders who have already voted do not need to take further action, while those who wish to change their votes can do so using the provided instructions [3]. Proxy and Voting - Proxies submitted prior to the adjournment will be counted at the reconvened meeting unless revoked [3]. - The Board of Directors of TWO unanimously recommends that stockholders vote in favor of the merger, emphasizing the importance of each stockholder's vote [3].

The stock market is in choppy waters as the Iran war extends into its third week, but the shake-up is shedding light on some emerging opportunities, Goldman Sachs said. In a note to clients on Friday, strategists at the bank pointed to the recent stock-market volatility stemming from the US-Iran war, and said they saw continued "downside risk" for the index going forward. That's because valuations in the S&P 500 are already high, and there's a risk that elevated oil prices could further pressure the marke ...

Oksenholt Capital Management Reports Major Freddie Mac Stake; Calls for Fannie Mae and Freddie Mac to Return to Major Exchange Mar 16, 2026 10:13 AM Eastern Daylight Time Oksenholt Capital Management Reports Major Freddie Mac Stake; Calls for Fannie Mae and Freddie Mac to Return to Major Exchange Share Affiliated investment vehicles hold more than 1 million shares across GSE securities, including in excess of 700,000 shares of Freddie Mac common stock SUMMERLIN, Nevada--(BUSINESS WIRE)-- Oksenholt Capital M ...

US home builder sentiment edges up in March -NAHB | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A drone view shows a construction worker performing tasks on a multi-home residential project by Shea Homes in Encinitas, California, U.S. July 21, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab WASHINGTON, March 16 (Reuters) - U.S. homebuilder sentiment edged up in March, but worries about higher constru ...

Citigroup has hired Morgan Stanley banker Eric Farina as global co-head of infrastructure financing and capital solutions https://t.co/fmEXx3wJz9 ...

Core Insights - Gold remains a safe-haven asset but has been range-bound amid the ongoing Middle East conflict involving Iran, the U.S., and Israel [1] Group 1: Market Performance - SPDR Gold Trust (GLD) lost 1.5% last week, underperforming compared to SPDR S&P 500 ETF Trust (SPY), which fell about 0.6% [2] - VanEck Gold Miners ETF (GDX) experienced a decline of 5.3% last week [2] Group 2: Economic Factors - The U.S. dollar has strengthened, gaining 1.3% last week and approximately 3.6% over the past month, negatively impacting gold prices [3][4] - U.S. Treasury yields rose from 4.05% to 4.28% in early March 2026, limiting gold's upside as higher yields make interest-bearing assets more attractive [5] - Concerns about overvaluation are present, with GLD increasing by about 66% over the past year, leading some investors to be cautious [6] Group 3: Investor Behavior - During market stress, investors may sell safe-haven assets like gold to raise cash, which can temporarily pressure gold prices [7] - Major banks remain optimistic about gold's long-term prospects, with JPMorgan Chase predicting a price of around $6,300 per ounce by the end of 2026 and Deutsche Bank targeting near $6,000 [9] Group 4: Industry Challenges - Rising oil prices are negatively affecting gold miners' profitability, as 15-20% of their operating costs are tied to energy [8][10] - Gold prices dropped to $5,050 per ounce, indicating potential challenges ahead despite bullish long-term forecasts from banks [11]

Core Insights - nCino has launched a new feature called nCino Doc VOI powered by Argyle, aimed at improving the efficiency of income verification for lenders in the mortgage process [1][2] Group 1: Product Features - nCino Doc VOI automates the verification of borrower income, replacing the traditional manual review of paystubs and W-2s, thus enabling faster and more cost-effective income verification [2][4] - The feature integrates with Freddie Mac's AIM Check API, allowing lenders to submit document-derived income data for automated assessment early in the underwriting process [3] Group 2: Operational Efficiency - The introduction of nCino Doc VOI allows lenders to extend automation across their mortgage pipeline, qualifying borrowers earlier and reducing manual touchpoints without adding complexity [4] - The automation provided by nCino Doc VOI is expected to significantly reduce the operational intensity associated with income verification in mortgage lending [4] Group 3: Market Position - nCino serves over 2,700 customers globally, including community banks, credit unions, and large financial institutions, positioning itself as a leader in providing intelligent banking solutions [5]