A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /
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Siebert Williams Shank has brought on Lori Ciraolo to further strengthen its taxable fixed-income team. Ciraolo, who spent more than 17 years at Goldman Sachs, has been hired as a senior vice president in corporate and municipal short-term securities to help expand SWS’ taxable muni franchise through commercial paper trading. “It’s a hybrid role between
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The metropolitan regions of Los Angeles and San Francisco are vastly different, but face some similar challenges as they emerge from the post-pandemic social framework. Those challenges include lost ridership on both cities transit systems, vacancies in commercial real estate and balancing budgets as COVID-19 recovery money peels off. The challenges faced by the regions
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Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors
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At the London School of Economics, a few weeks before Christmas, in 1949, the Lionel Robbins seminar was about to begin. The prestigious event was at the razor’s edge of postwar economic thought: Robbins, a giant of economics, had made the LSE a rival to John Maynard Keynes’s Cambridge, recruiting future Nobel laureates such as
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