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Baltimore to open deeper channel for commercial ships starting Thursday

A deeper waterway to allow commercial ships to enter and exit the Port of Baltimore. Scheduled to open Thursdaya major step toward restarting trade after the port was closed due to the Francis Scott Key Bridge collapse last month. The Army Corps of Engineers opened three shallow temporary channels under part of the bridge to […]

Commercial real estate foreclosures jumped 117% in March as trouble looms

Stifel’s KBW CEO Thomas Michaud assesses the stability of regional banks, commercial real estate and the Basel III proposal. of commercial real estate Markets are beginning to distort under the weight of rising interest rates and remote work. There were 625 commercial real estate foreclosures in March, an increase of 6% from February and 117% […]

Semitruck slams into Texas DPS facility after driver denied commercial driving license

A stolen 18-wheeler truck crashed into a Texas Department of Public Safety building on Friday after the driver, who has since been arrested, was denied a commercial driving license.  Multiple severe injuries have been reported, and at least six people have been hospitalized. The driver of the truck was initially hospitalized but has been turned […]

Trump’s Bible Commercial ‘Insulting’ to Believers

MSNBC host Al Sharpton said Friday on “The ReidOut” that former President Donald Trump’s “God Bless the USA Bible” ad was “insulting” to believers. . Host Joy Reid said, “Talk about Trump. Mr. Trump is not a Christian. I mean, he’s not a religious person at all. You know, he was non-religious.” “I’ve never heard […]

Biden’s tax proposals would hurt commercial space

One of the lesser-noted facts of modern American politics is that space, NASA, and the military are not partisan political issues. Immediately after President Joe Biden took office, shown He said he would continue both the Artemis program, a plan to send astronauts back to the moon and eventually Mars, and the Space Force, a […]

The commercial real estate time bomb

The office vacancy rate is rose sharply According to data from the Treasury Department’s Financial Stability Oversight Council (FSOC), it hit a record high of 13.1% last year due to the pandemic, after steadily declining for the previous 10 years, analysis firm Coster said. At the same time, delinquency rates for commercial mortgage-backed securities have […]

Wall Street braces for commercial real estate timebomb

Federal Reserve Chairman Jerome Powell’s comments last week about a rash of upcoming bank failures related to the struggling commercial real estate sector shocked the financial world, sending some investors fleeing to insurance and leaving others vulnerable. is looking for an opportunity. Typical commercial leases in the U.S. are three to five years, but as […]

DC delegate introduces bill to expand commercial filming at the Capitol

Delegate Eleanor Holmes Norton (D.C.) of Washington, D.C., introduced a bill that would expand commercial filming at the U.S. Capitol to present Congress with “maximum verisimilitude.” “In our open and free democracy, it would be unthinkable for anyone in our country to refuse to photograph one of our most iconic symbols of democracy, the Capitol […]