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FTSE Nareit All Equity REITs Index total returns were up about 20% year-to-date as of late last week, boosted by a strong July, with total returns up nearly 5% for the month. That compares with a roughly 9% year-to-date gain for the S&P 500 over the same period.The results have helped narrow a gap that had emerged between REIT multiples. At the end of 2025, Nareit noted that the average ratio of the S&P 500 P/E to equity REIT P/FFO (which, for most of the past 20 years, has been 1 had widened to 1.3. Historically, when such divergences emerged…

LAFC Co-Managing Owner Larry Berg celebrates win over Sporting Kansas City in the finals of the 2024 Lamar Hunt U. S. Open Cup at BMO Stadium on September 25, 2024 in Los Angeles, California. Shaun Clark | ISI Photos | USSF | Getty ImagesLarry Berg has been named the next commissioner of Major League Soccer, according to a source familiar with the matter, who was not authorized to speak publicly.Berg will take the helm from longtime commissioner Don Garber next year. Garber will stay on in an emeritus role through the end of his contact at the end of 2027.…

Vibe coding startup Superblocks announced a multi-year joint marketing agreement with Amazon Web Services (AWS) that enables its tool to be embedded within the private clouds of AWS customers. That means an enterprise on AWS that subscribes to Superblocks will be able to offer vibe coding to the company’s business users, and those apps will not send data or information externally to model providers or databases. The apps will spin up Amazon Aurora databases within the company’s private cloud, not, for instance, create external Supabase databases, the vibe-coding database of choice. The apps will also integrate with Amazon Bedrock, the…

Hashdex said it will liquidate its eponymous spot-price Bitcoin exchange-traded fund this month, distributing the cash to all remaining shareholders and selling the fund’s roughly 225 BTC holdings.In a filing on Monday, the fund issuer said the decision was made after evaluating factors including trading liquidity, operating costs and investor interest. The 200,000 shares, which have traded on NYSE ARCA under the DEFI ticker since March 2024, have net assets of $14.25 million, according to the fund’s website.Late to the game, which saw the first of 10 other competing BTC ETFs debut months ahead of it, analysts saw opportunity at…

Just when you thought crypto was getting boring, a new phenomenon is lighting up Crypto Twitter — Fake World Assets (FWAs). Yes, really.It’s the latest iteration of the onchain gacha craze, where users receive a random collectible, or collectibles, that are usually worth very little, but are sometimes worth quite a lot.Within four days of launch, FWAs guzzled so much Ethereum gas that they briefly became the chain’s largest gas consumer by fees over a 24-hour period. At its peak on July 25, FWAs generated approximately $1.53 million in daily fees, and even leapfrogged Tether and Circle to briefly rank…

FalconX, the digital asset prime brokerage that acquired crypto ETF issuer 21shares last November, has laid off roughly 10% of its global workforce as it prepares for a prolonged downturn in the cryptocurrency market, Bloomberg reported Monday.Citing people familiar with the matter, Bloomberg said FalconX is also reshaping its strategy in Singapore by focusing on crypto derivatives trading and plans to withdraw its license application with the Monetary Authority of Singapore. The company intends to maintain its presence in Asia while expanding its European business.FalconX employed about 350 people across the United States, the United Kingdom, Singapore and Hong Kong…

Just when you thought crypto was getting boring, a new phenomenon is lighting up Crypto Twitter — Fake World Assets (FWAs). Yes, really.It’s the latest iteration of the onchain gacha craze, where users receive a random collectible, or collectibles, that are usually worth very little, but are sometimes worth quite a lot.Within four days of launch, FWAs guzzled so much Ethereum gas that they briefly became the chain’s largest gas consumer by fees over a 24-hour period. At its peak on July 25, FWAs generated approximately $1.53 million in daily fees, and even leapfrogged Tether and Circle to briefly rank…

by Calculated Risk on 1/07/2026 07:00:00 AM From the MBA: MMortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly SurveyMortgage applications decreased 9.7 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 2, 2026. The results include an adjustment for the holidays.The Market Composite Index, a measure of mortgage loan application volume, decreased 9.7 percent on a seasonally adjusted basis from two weeks earlier. On an unadjusted basis, the Index decreased 28 percent compared with two weeks ago. The holiday adjusted Refinance Index decreased…

Ever since two park rangers approached me at an empty public court while I was teaching my own children tennis, I’ve been thinking about how to make sure it doesn’t happen again. Not just to me. To anybody. The problem that afternoon wasn’t that the rangers were doing their jobs. The problem was information. They had no idea who I was, what I contribute, or whether the two kids I was feeding forehands to were mine. So they had to guess, and their guess involved disrupting a perfectly lovely afternoon. We can fix this with better data. My proposal is…

The last decade is filled with examples of fintechs that have reshaped how U.S. businesses manage money. Brex simplified corporate cards. Ramp automated spend controls. Mercury rebuilt startup banking. But this wave of financial innovation has largely skipped one major part of the economy: nonprofits. Givefront, a YC-backed startup founded by 21-year-old Harvard dropout Matt Tengtrakool and UC Berkeley’s Aidan Sunbury, aims to change that. The company is building a financial platform designed specifically for nonprofits, including food banks, animal rescues, non-governmental organizations, churches, and homeowner associations. Nonprofits generate roughly 6% of the U.S. GDP and contribute trillions of dollars…