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Mark Davidson is a partner at the law firm Brooks Pierce in Greensboro, North Carolina, where he focuses on a variety of business transactions, including mergers and acquisitions, joint ventures, private equity, organization, governance, debt and equity financing, executive compensation, partnership and corporate taxation, and management/ownership succession. He can be reached at mdavidson@brookspierce.com.

The yield on 30-year securities has climbed almost 25 basis points over the past three sessions, returning it to levels last seen in mid-November when inflation was still above 7%, more than double the current rate. Ten-year borrowing costs rose to around 4.15%. 

Move-related demand was still down in the second quarter, though the analysts said they expect to see "sequential improvements in occupancy, but still far below the pandemic peaks in 2021/2022."

The company, whose core business is helping real estate agents connect with homebuyers, said it's projecting third-quarter revenue of $458 million to $486 million.

The move was "not being driven by fundamental credit, capital or liquidity deterioration at the firms," the firm said.

While financial markets wobbled after Fitch Ratings reduced the U.S. government's credit rating, analysts said the action should have little long-term impact, similar to a downgrade by Standard & Poor's in 2011. JPMorgan Chase CEO Jamie Dimon argued that Fitch's action "doesn't really matter that much."

Total net income at the company grew to $357 million in the second quarter, more than four times higher from three months earlier.

The Department of Housing and Urban Development is reviewing HSBC's lending practices in certain majority Black and Hispanic neighborhoods, the bank disclosed. The regions under scrutiny include New York, Seattle and several parts of California, according to the nonprofit organization whose complaint prompted the investigation.

Chris Champlin is Vice President of Digital Sales at EMPLOYERS  and Cerity, specialty providers of workers' compensation insurance focused on select, small businesses engaged in low- to medium-hazard industries.

Pamela Mattsson is SVP of People and Organizational Development at Outreach. Before Outreach, Pamela was the Global Head of Executive Development for Amazon. Pamela is a seasoned executive coach, dynamic facilitator, course designer, and innovative leader in Executive Development and Organizational Culture.