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Construction Retainage Explained: How It Works, Accounting, and Release

Retainage is the holdback every construction pay application carries. Here's how it works, how states cap it, how to account for it, and when you actually get paid.

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Jun 1, 2026
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CNBC: Senators, analysts on Justice Dept's probe into Fed's Jerome Powell

CNBC: Senators, analysts on Justice Dept's probe into Fed's Jerome Powell

“Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, cautioned that these aggressive tactics could backfire by driving up inflation expectations and weakening the dollar’s status as a safe-haven asset.

CNN: Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed

CNN: Stocks shrug, hit record highs after Trump ups the ante against Jerome Powell and the Fed

“A prolonged erosion of confidence in the Federal Reserve’s independence could weigh on the greenback, lift long-term yields and amplify global market volatility — outcomes at odds with the administration’s stated aims,” Karl Schamotta, Corpay.

Financial Post: How the upbeat outlook for the Canadian dollar likely just got trashed

Financial Post: How the upbeat outlook for the Canadian dollar likely just got trashed

Corpay Cross-Border Solutions chief market strategist Karl Schamotta on the Canadian dollar: “Since the abduction of Maduro on the weekend, we have seen lower oil prices acting as a bit of a headwind on the Canadian dollar,” he said in an interview.

Though Mr. Trump promised to reduce deficit upon taking power, it remains extremely large: Karl Schamotta

Though Mr. Trump promised to reduce deficit upon taking power, it remains extremely large: Karl Schamotta

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss the impact of geopolitics on the markets.

What Is a Dealer Management System (DMS)? The Complete 2025 Guide
AP Automation

What Is a Dealer Management System (DMS)? The Complete 2025 Guide

DMS vendors call their platforms the "operating system of the dealership." That's true for sales, service, and accounting. For payments? Most stop at printing checks. We break down the gap — and the fix.

Business Insider: Stock investors are showing yet again that they don't care much about geopolitical turmoil

Business Insider: Stock investors are showing yet again that they don't care much about geopolitical turmoil

"From a mechanical standpoint, the global macro backdrop looks essentially unchanged," Karl Schamotta, the chief market strategist at Corpay Cross-Border Solutions.

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