Author: josh
DBS, Southeast Asia’s largest bank, and Granite Asia, an Asia-focused investment fund, are launching a new “first-of-its-kind” partnership to support new startups, underpinned by a new $110 million AI-focused IPO fund offered exclusively to DBS’s high-wealth clients. The partnership, which will continue for three years, is part of a push to provide more capital for Asia’s startups, which have fewer funding options available to them compared to those based in more mature Western economies. “The U.S. is amply funded, if not overfunded,” Jenny Lee, senior managing partner at Granite Asia, tells Fortune. (The U.S. accounted for 10 of the 11…
NASA is preparing to remove its massive moon rocket from its launchpad to fix a technical issue, delaying the agency’s much-anticipated mission to send a crew of four around the moon. On Saturday, NASA announced that it planned to roll back the rocket, the Boeing-built Space Launch System, to its hangar at Kennedy Space Center in Florida to fix a problem found in the upper portion of the vehicle. NASA engineers found an interruption in the flow of helium — which is needed for launch — in the rocket. NASA administrator Jared Isaacman said the work needed to fix the problem could…
AI is no longer just a tool layered onto marketing. It’s restructuring how people discover brands, how platforms monetize attention and even how digital identities persist. From chatbot traffic that converts faster than Google to Meta’s messaging consolidation and ChatGPT’s ad test, the rules of reach are changing again.
Detroit’s automakers asked the White House to shield them from new tariffs that President Donald Trump vowed to impose after the Supreme Court struck down most of his global duties. The American Automotive Policy Council, which represents General Motors Co., Ford Motor Co. and Jeep-maker Stellantis NV, sent a letter to Trump’s trade team on Friday seeking to preserve a framework that protects them from paying multiple import taxes on vehicles and parts, according to a person familiar with the matter, who asked not to be identified discussing the private communication. Read More: Supreme Court Axes Tariffs; Trump Responds With New…
If you’re getting ready to close on a home, you’ll likely need to wire money for closing. For many buyers, this means sending one of the largest payments they’ve ever made—often tens or even hundreds of thousands of dollars—to a title or escrow company. But moving a large amount of money under a tight deadline can feel daunting, especially when you consider all the stories about wire fraud or delayed closings. The good news for homebuyers is wiring money at closing is pretty standard practice these days. When you understand the steps, timing, and safety precautions, it can be a…
In This Article The combination of foreclosures and falling housing prices is like throwing chum into the water for a group of hungry sharks eager for deals. In some states, as mortgages slip into negative equity and banks seize possession of homes, the fins have started to circle. Underwater Homes Are Clustered in Specific States It’s not a feeding frenzy yet, however. According to a fourth-quarter 2025 home equity study by real estate data specialists ATTOM, the percentage of homes that are at least 25% underwater—meaning that mortgage balances are at least 25% above market value—has increased to 3% of…
If you’re buying a home, timing matters. Whether you’re preparing to make an offer or already under contract, understanding how long mortgage preapproval takes — and what can delay final mortgage approval — can help you avoid missed deadlines and unnecessary stress. Here’s the short answer: Mortgage preapproval: Typically 24–72 hours Full mortgage approval (closing): Usually 30–45 days Delays may occur if documentation, income, credit, or the property itself raises questions Now let’s break down what actually happens behind the scenes. What is mortgage pre-approval? Mortgage pre-approval is a lender’s written estimate of how much you may be able to…
Should you use your home equity to buy a rental property? Whether it’s your primary residence or another investment property, this strategy could help you scale faster. But between a cash-out refinance, a home equity line of credit (HELOC), or a different method entirely, what’s the best way to tap into your funds?Welcome to another Rookie Reply! Today, Ashley and Tony are answering more questions from the BiggerPockets Forums, the first of which comes from someone who’s looking to redeploy the home equity they’ve built up in one of their properties. Tune in as we share several creative ways to…
At this point, nobody can refute that a full-on buyer’s market has arrived. Homes are selling below list price, buyers are waiting out the market, and sellers are getting increasingly desperate. All the while, mortgage rates are a full percentage point lower than a year ago, inventory is up, and mortgage payments are actually down.In this month’s housing market update, we’ll get into it all—how much of a discount you can get on your next property (and markets with the biggest deals), why nobody is buying right now and how that gives investors an advantage, whether mortgage rates will drop…
Rick and Connie Harlow both grew up in Biloxi, Miss., the Gulf Coast city known for its waterfront resort casinos and shallow, sandy beaches. Not long after their wedding day, they left for New Orleans so Mr. Harlow could begin his career as a special agent in the United States Secret Service. For the next three decades, Biloxi stayed in the rearview as Mr. Harlow’s career led them to Washington D.C., then to Memphis and finally to Chicago.After seven years up north, the couple felt ready to get back to their roots. They wanted to be closer to Mrs. Harlow’s…