Browsing: Software

In direct response to feedback from stakeholders, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, to modernize the accounting for costs to develop internal-use software that is accounted for under ASC 350-40, Intangibles – Goodwill and Other: Internal-Use Software.

Bretton Capital Management, an investment management company, released the “Bretton Fund” second-quarter 2026 investor letter. The letter can be downloaded here. Bretton Fund returned 10.67% in the second quarter compared to a 15.20% return for the S&P 500 Index. Increased spending on AI data centers has hurt overall performance relative to the broader market. Despite…

Despite substantial investment in artificial intelligence, mortgage origination remains expensive and labor-intensive. In the first quarter of 2026, the average cost to originate a loan rose to $11,898, while lenders earned just $727, or 16 basis points, in pre-tax production profit.