OceanFirst Financial Corp. completed the sale of $1.3 billion in multifamily loans primarily in the New York City area, most of which are subject to rent regulations. This sale helps OceanFirst rebalance its commercial real estate portfolio and reduce exposure to rent regulation risks, which now represent less than 2.5% of its total assets. The loans were originally acquired from Flushing Bank through a recent merger. Further financial impacts will be detailed in the upcoming quarterly earnings report.
Plum Acquisition Corp. IV has postponed its extraordinary general meeting of shareholders from July 2 to July 10, 2026, to allow more time for shareholder engagement. Consequently, the deadline for shareholders to submit redemption requests has been ...
The U.S. Supreme Court ruled in Chatrie v. U.S. that government collection of location data via geofence warrants constitutes a search under the Fourth Amendment. This decision overturns a lower court ruling and requires further review of whether the...
A key on-chain bitcoin metric, the UTXO Block Profit/Loss Count Ratio, has triggered again, indicating that investors are realizing losses at a pace not seen earlier in the current correction. This signal, which has marked every bitcoin cycle bottom ...
The KraneShares CSI China Internet ETF (KWEB) provides focused exposure to leading Chinese internet and AI companies and is currently trading near its 52-week lows. The ETF benefits from strong AI-driven growth, government support, and attractive val...
DBV Technologies is preparing to submit a Biologics License Application (BLA) for its VIASKIN® Peanut patch aimed at children aged 4 to 7 years. The company has engaged in detailed discussions with the FDA to ensure a thorough and efficient review pr...
