The Trump administration’s Energy Department plans to offer $17.5 billion in low-interest loans for utilities to finance Westinghouse AP1000 nuclear reactors. The loans aim to speed up construction of 10 reactors in the U.S. by up to three years, with new AP1000s potentially online by 2035.
The typical profit margin for a flipped home rose to 25.4% in the first quarter, up from 24.7% in the fourth quarter of 2025. Margins had been declining since peaking at more than 34% in the second quarter of 2024.
For 2026, the combined free cash flow at the five hyperscalers is expected to drop 91% to about $16 billion, while net income is projected to rise 25% to $506 billion. Current forecasts have free cash flow rebounding sharply to $185 billion in 2028 and then soaring to $387 billion in 2029. The consensus view for now is that capex growth will taper off after next year while revenue keeps surging, allowing free cash flow to rebound in a V-shaped recovery.
An average of 26% of paid, full days were worked from home in May, down from the 27% registered two years earlier. It was about 30% in 2022, when companies were transitioning away from the pandemic. But in 2019, before the pandemic struck, about 7% of days were worked from home.
Marriott has said that fee revenue from its co-branded credit cards is expected to jump 35% this year to nearly $1 billion. Owners say that they previously believed the program was only breaking even and that the hotel giant is ripping them off.
AHS Properties bought the Dubai’s Shangri-La Hotel for $300 million. The luxury real estate developer bought the 43-floor hotel from Mismak Asset Management.
Citigroup established a blockchain-based venture for its wealthy and institutional clients to trade private-company shares.The venture uses authorized, tokenized depositary receipts issued by Citi, initially for foreign investors, with U.S. access planned.The infrastructure, operated by Switzerland-based SIX, aims to broaden access to private firms and can be adopted by other banks.
The federal government sold the former Old Post Office building to merchant bank BDT & MSD Partners for $80 million. BDT & MSD Partners, which acquired the property, is discussing a sale for around $400 million with potential buyers. President Trump’s family firm previously operated the hotel and sold its lease rights in 2022 for $375 million.
Earnings growth is expected to remain robust. Analysts expect companies to see a 22% surge in profits for the second quarter. For the full year, they expect a 23% jump.
