Fifth Third buys Comerica in nearly $11B deal

Fifth Third and Comerica announced on Monday that they have signed a definitive merger agreement in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. Comerica’s website detailed that shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing the deal at $82.88 per share based on Fifth...

Kansas City Fed chair backs cautious approach on rates

Kansas City Federal Reserve Bank President Jeff Schmid said Monday that inflation remains above the Fed’s goal and backed current interest rate policy — even as the labor market cools and housing costs remain a key driver of inflation. Speaking to the CFA Society Kansas City, Schmid said he voted in favor of the Fed’s September quarter-point rate cut but sees no need for aggressive easing....

Texas housing inventory grows as sellers trim prices

Texas home sellers are facing a slower fall market as listings spend longer on the market and inventory rises across the state. More than 137,000 single-family homes are now active statewide, equal to about 3.7 months of supply. Prices and inventory The median list price in Texas is $377,558, with new listings entering slightly lower at $358,450. While pricing remains lower than the national...

Modern home overlooking Pebble Beach’s 14th hole is quiet luxury goals

Sitting just above the 14th green at Pebble Beach Golf Links — one of the most famous holes in the world — this brand new modern coastal estate offers the kind of understated luxury that’s more felt than flaunted. Listed at $11,900,000, the 6,726-square-foot home at 31 Poppy Lane blends into its surroundings with clean lines, natural materials, and wide-open views of the fairway and Pacific Ocean....

Let this L.A. home with Sinatra, Bela Lugosi ties take you back to the Golden Age of Hollywood

A piece of cinematic history has surfaced in the Hollywood Hills. For the first time in 53 years, Villa Dorada, a 1929 Spanish Revival masterpiece with ties to Frank Sinatra, Oscar-winning songwriter Jimmy Van Heusen, and even Dracula himself, is on the market for $7.5 million. Listed with Tom Davila, John Zaffarano, and Kennon Earl of Rare Properties at Compass, the 7,400-square-foot home sits high...

U.S. Data Center Boom Tests Power Grid as AI Demand Outpaces Supply

Fueled by a surge in artificial intelligence and cloud computing demand, North America's data center market continued its blistering pace of expansion in the first half of 2025 -- but growth is running headlong into the limits of available power and infrastructure, according to new data from CBRE. Total primary market supply increased by 17.6% during the first six months of the year, yet capacity remains...

Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy

Cleveland-based CrossCountry Mortgage (CCM) has taken a different approach from competitors. Rather than pursuing mergers and acquisitions to strengthen its origination and servicing platforms, the company has focused on organic growth by acquiring mortgage servicing rights (MSRs) and building an asset management arm.   “Our servicing portfolio by year-end will be approximately $200 billion, and...

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