Monthly Archives: July 2022

TASI Continues to Win on Strong Earnings: Opening Bell

RIYADH: Saudi stocks stabilized on Thursday, after a 0.75% hike in interest rates by central banks in the Gulf Cooperation Council on Wednesday. The rise was supported by bank stocks after posting strong profits in the first half of 2022. The main index, TASI, rose 0.9% to 12,155, while the parallel Nomu market ended up 0.6% at 20,952. Gulf stock ...

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Banesco USA in Miami receives $250 million from the Treasury for small business loans

Banesco USA will provide low-interest business loans to Miami-area businesses, primarily minority businesses, with $250 million from the US Treasury. Photo from the AP file. LM Otero PA Banesco USA, a Miami bank focused on commercial lending in South Florida and Puerto Rico, received a $250 million capital injection from the U.S. Treasury that will allow it to increase lending ...

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Financing for small businesses in 2022

Finding the right small business financing can make all the difference to the success of your business. In 2021, almost 62% of small businesses used personal funds to cover cash shortfalls in their business. Although this practice likely puts a lot of strain on the business owner’s personal assets, securing sufficient financing for the business can help. In this article, ...

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The big bounce: Nifty posts biggest monthly gains since November 2020

India’s benchmarks rose more than 1% for a second day on Friday, with the Sensex and Nifty capping their biggest monthly gains since August 2021 and November 2020, respectively. The back-to-back gains came even as the US Fed raised interest rates by 75 basis points for a second consecutive month to control runaway inflation. However, optimism ...

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Business Sisters-Consoeurs en Affaires Receives $100,000 in Financing from Desjardins Ontario Credit Union

Business Sisters-Consoeurs en Affaires has received $100,000 from the Desjardins Ontario Credit Union Community Development Fund to launch a new center for rural women entrepreneurs in Alexandria, which will offer entrepreneurial training, mentoring and events in both languages officials in the five counties of Eastern Ontario. “We are thrilled to work with the Desjardins team to make this innovative project ...

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Climate bill would create barrier to full electric vehicle tax credit

The climate deal reached yesterday by Senate Majority Leader Chuck Schumer and Senator Joe Manchin would dramatically increase consumption tax credits for electric vehicles by providing a $7,500 tax credit to people purchasing an electric vehicle made with a certain percentage of minerals mined or processed in countries with the United States. free trade agreements or recycled in North America. ...

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Live Updates: JetBlue and Spirit Agree to Create America’s Fifth Largest Airline

Russia: Hungarian Foreign Minister Peter Szijjarto will travel to Russia, where he will meet his counterpart Sergey Lavrov and Russian Deputy Prime Minister Alexander Novak. Hungary has demanded a significant increase in gas deliveries to Moscow. Meanwhile, legal action will be taken against WhatsApp and Snapchat over the tech companies’ alleged refusal to locate Russian citizens’ data. Economic news: Germany ...

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Innago receives another $4 million in funding for its property management software business

Innago’s innovative and free property management software was named Best Property Management Software Vendor by G2 for its overall rating. CINCINNATI, Ohio, July 27, 2022 /PRNewswire/ — Innago is delighted to announce a new $4 million in a financing led by Allison Wood Ventures. This next round of funding further strengthens the partnership between the innovative real estate technology company ...

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DeepMarkit has partnered with Flowcarbon to organize the Refine Our Future event in Paris

The company has displayed NFTs of carbon credits issued through its proprietary MintCarbon.io platform featured in a gallery CALGARY, Alta., July 27, 2022 /CNW/ – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to a more accessible digital economy by transforming credits into non-fungible tokens (“NFT“), ...

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Live Updates: SK Hynix Announces 56% Profit Increase on Weak Korean Won and Strong Demand

Shares of U.S. retailers drove Wall Street lower on Tuesday after Walmart warned that higher inflation would hurt its profits. The broad S&P 500 stock index lost 1.2%, with cyclical consumer stocks suffering the steepest declines. Walmart’s share price fell 7.6% after the big-box retailer issued its second profit warning in 10 weeks. In an update after Monday’s closing bell, ...

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7 Ways Smart Document Processing Helps Accounting

By Stephen Boals. In the world of accounts payable, efficiency is the name of the game. Accounting staff must quickly process invoices, send payments to vendors, and proactively prevent disruptions to business cash flow. They are also expected to operate with nearly flawless accuracy, as even a single data entry error could be detrimental to critical business operations. An exceptional ...

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Inozyme Pharma secures flexible credit facility up to $70

BOSTON, July 26. 10, 2022 (GLOBE NEWSWIRE) — Inozyme Pharma, Inc. (Nasdaq:INZY), a rare disease biopharmaceutical company developing novel therapies for the treatment of abnormal mineralization, today announced that it has incurred debt facility of financing of up to $70 million with K2 HealthVentures (K2HV), a specialty finance company focused on healthcare. “In 2022, Inozyme delivered the first clinical validation ...

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Good day for Aquarius, financial gain for Sagittarius and more

New Delhi, first published 26 July 2022, 01:00 IST Ram:Ganesh says: Caring for and respecting the elders of the house will increase your fortune. Political contacts will give you good opportunities. Today is particularly auspicious forwomen. Their abilities and talents will help them achieve their goals. Be careful, past negative things can also spoil your present. So don’t let them ...

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Column: Bargain-hunting hedge funds bolster oil positions: Kemp

An aerial view shows tugboats helping an oil tanker to dock at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS Join now for FREE unlimited access to Reuters.com Register LONDON, July 25 (Reuters) – Portfolio investors bought oil futures and options for the second straight week as at least some fund ...

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Japanese local councilor allegedly asked friend to falsify estimate to embezzle political funds

Amagasaki Municipal Assemblyman Keisuke Mitsumoto is seen in this photo from April 8, 2021. (Mainichi/Kiyomasa Nakamura) A member of the Amagasaki Municipal Assembly in Hyogo Prefecture allegedly asked an acquaintance operating an electrical appliance store to create a fictitious price estimate via the free messaging app Line, sources familiar with the matter have ...

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These startups want to make credit scores a thing of the past – TechCrunch

Welcome to The Exchange! If you received it in your inbox, thank you for subscribing and for your vote of confidence. If you read this as a post on our site, subscribe here so that you can receive it directly in the future. Each week, I’ll take a look at the hottest fintech news from the previous week. This will ...

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A comprehensive report on Plug-in 3D Rendering Software Market is expected to gain significant value by 2028

The up-to-date research report on Plugin 3D Rendering Software Market entails a complete breakdown of the behavior of this business sphere and illustrates its future performance to help businesses and other stakeholders in making decisions that promise a strong flow of income in the forthcoming years. It recommends various methods to tackle the current and upcoming challenges ...

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The Vikings begin reporting to training camp on Sunday. Here’s what you need to know

Kevin O’Connell’s first training camp as Vikings coach begins this week, with the first full-team practice Wednesday. Rookies, quarterbacks and select players will report to the TCO Performance Center on Sunday while the remaining veterans are due to arrive by Tuesday, when O’Connell and new general manager Kwesi Adofo-Mensah have their camp-opening press conferences. . The Vikings enter camp with ...

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Research: Rating Action: Moody’s has raised the ratings of Sprint Spectrum Co.’s senior secured notes.

No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR INDEBTEDNESS-RELATED SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S ...

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Copper is poised for its first weekly gain in 7 weeks – Markets

LONDON: Copper prices were on track for their first weekly rise in seven weeks on Friday as investors returned to riskier assets after a sharp selloff. Benchmark copper on the London Metal Exchange (LME) was up 1.5% at $7,430.50 a tonne at 4:14 p.m. GMT, nearly 3.5% higher this week. But prices for the metal used in power and construction ...

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Saba Capital enters into agreement with Delaware Investments National Municipal Income Fund

NEW YORK–(BUSINESS WIRE)–Saba Capital Management, LP and certain related parties (collectively “Saba” or “we”) announced today that they have entered into an agreement with Delaware Investments National Municipal Income Fund (NYSE: VFL) (the “Fund”). Under the terms of the agreement, the Fund will launch a substantial cash tender offer for up to 50% of the outstanding common shares of the ...

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Contentsquare Closes $600M Growth Investment Round Led by Sixth Street; Doubles valuation to $5.6 billion and brings total funding to $1.4 billion

NEW YORK–(BUSINESS WIRE)–Content Square, the global leader in digital experience analytics, today announced the close of a $600 million growth investment round, including $400 million in Series F shares and $200 million in dollars in debt financing, bringing total funding to $1.4 billion. The Series F investment is led by Sixth Street Growth, which joins new and existing investors Bpifrance, ...

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Delaware man gets six years in prison for bank fraud schemes involving Annapolis and Glen Burnie businesses – Capital Gazette

A Millsboro, Delaware man was sentenced Monday to six years in federal prison for bank fraud offenses stemming from cash advances and purchases he made at Anne Arundel County businesses. Federal prosecutors have described Jason Evans, 48, as a ‘serial identity theft con man’ for the chain of incidents, which happened in 2019 after he was released from federal prison ...

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Cuentas Releases Latest Shareholder Report, Shows Record Growth, Coming Secured Credit Card, and More

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. MIAMI BEACH, FL/ACCESSWIRE/July 20, 2022/ Cuentas, Inc. (NASDAQ: CUEN)(NASDAQ: CUENW) (“Cuentas”), a leading fintech provider of mobile financial applications and payment solutions, has released a report to shareholders containing three major updates of the company: Cuentas, Inc. generated ...

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Refiners, cos upstream, soar on windfall tax cuts; CPCL up 11%, Oil India up 8%

Shares of oil and gas companies jumped up to 11% on BSE in intraday trading on Wednesday after the government cut the windfall tax on domestic crude oil production from Rs 23,250/tonne to Rs 17,000/tonne. The government has also reduced the extra excise duty on diesel and ATF exports by Rs 2/litre and the extra excise duty ...

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Landsdowne Labs Receives Competitive NSF Grant to Develop New Battery Coating

FAIRFIELD, Conn.–(BUSINESS WIRE)–Landsdowne Labs, LLC, a spin-off from the labs of MIT and Harvard scientists Drs. Robert Langer and Jeffrey Karp, received a $256,000 grant from the National Science Foundation (NSF) to develop and engineer a new battery coating to help prevent injury and reduce risk to the thousands of children who ingest batteries every year. “Every year, thousands of ...

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Libra: Don’t take a risk with your heart or your money. Listen, but don’t divulge your feelings or your next move.

Eugenie Last CELEBRITIES BORN TODAY: Trai Byers, 39; Jared Padalecki, 40; Angela Griffin, 46; Nancy Carell, 56 years old. Happy Birthday: Stay focused on the results you want and don’t deviate from your plan to get into your comfort zone. Having guidelines in place that will keep you on track will help you target your brand and achieve your goal. ...

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Research: Rating Action: Moody’s Confirms Excela Health (PA) Baa1; negative outlook

No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES ...

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The Daily Chase: Suncor makes peace with activist; Markets extend their rally

Suncor Energy has reached a truce with activist investor Elliott Investment Management. The agreement will see three new independent directors immediately join Suncor’s Board of Directors. And the oil sands giant has also agreed to conduct a strategic review of its Petro-Canada gas station business. Full details on BNNBloomberg.ca, and we’re monitoring feedback from the investment community. MARKET WATCH US ...

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High operating costs push companies to debt market for funding

Nigerian companies have turned to the debt market to raise funds to cushion the impact of the continued rise in the cost of diesel, the devaluation of the naira, the scarcity of foreign exchange, among others, on their costs. operational. Manufacturers have been under severe pressure due to the high cost of diesel and raw materials, coupled with the scarcity ...

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This Disney-owned studio is making money – and it’s just getting started

Felm disney (NYSE: DIS) CEO Bob Iger, who stepped down in 2020, was a visionary leader who expanded Disney’s operations through several acquisitions. He led the purchase of animation studio Pixar in 2006 and Lucasfilm in 2012, both of which added many lucrative franchises to Disney’s repertoire. But the first studio he had the foresight to acquire was Marvel Studios ...

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Stock Week Ahead: Netflix’s Most Important Earnings Report Is Coming

The streaming giant will release its second-quarter results on Tuesday, and it’s shaping up to be one of the most important moments in the company’s 25-year history. Whatever happens on Tuesday could reshape the future of the company as well as the entire streaming industry. Like Netflix, so does streaming. “There will be hell to pay if they report a ...

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How a monthly SIP of Rs 10,000 grows to Rs 13.9 lakh in 7 years

ELSS Mutual Fund: How a monthly SIP of Rs 10,000 grows to Rs 13.9 lakh in 7 years Investing in an Equity Linked Saving Scheme (ELSS) mutual fund has the dual benefits of tax deductions and wealth generation over time. ELSS mutual funds have a lock-in period of just three years, the shortest of any tax-saving investment, and have the ...

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Reghan Winkler: Avoiding Scams Disguised as Grants

Many individuals, families, small businesses, and nonprofits continue to struggle as America tries to get back on its feet. Skyrocketing inflation and gasoline prices, coupled with supply chain and labor issues, have made recovery difficult, leading to desperate attempts to stay afloat. For many struggling business owners, a government grant seemed like the perfect solution to their problems. The best ...

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Onramp Invest Raises $7M to Complete Series A Funding

SAN DIEGO–(BUSINESS WIRE)–OnRamp Investthe first turnkey digital asset platform for finance professionals, completed its Series A funding round with a total of $7 million raised from senior investors FINTOP JAM and EJF Capital LLC (“EJF”), which participated through its affiliate, EJF Silvergate Ventures Fund. Since its inception, Onramp Invest’s mission has been to remove barriers to investing in digital assets ...

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Sound Point Capital grants financing to Dura Automotive

NEW YORK–(BUSINESS WIRE)–Sound Point Capital Management (“Sound Point”) is pleased to announce that it has provided an Accounts Receivable Facility to Dura Automotive (“Dura” or the “Company”), a global designer and manufacturer of systems and high-tech automotive portfolios. MiddleGround Capital company (“MiddleGround” or the “Sponsor”). Dura will use proceeds from the facility to support continued growth in its three core ...

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Populus Financial Group and ACE Cash Express respond to baseless litigation filed by the Consumer Financial Protection Bureau

ACE vehemently disagrees with the CFPB’s allegations of deception, injustice and abuse. Over 140,000 ACE customers have taken advantage of ACE’s payment plan option since 2013, which clearly indicates that borrowers were aware of this option. The CFPB’s claim regarding the alleged improper withdrawals relates to only approximately 0.028% of ACE’s loan transactions during the relevant period and the CFPB ...

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Women’s Euro: England beat Norway, Northern Ireland lose to Austria

A Beth Mead hat-trick helped England to a record 8-0 win over the two-time European champions in their second Euro 2022 group stage game here at Falmer Stadium in East Sussex on Monday . No team had ever scored eight goals in a single Euros match in both men’s and women’s competitions until the Lionesses smashed ...

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Arcus Biosciences Announces New Employment Incentive Grants

HAYWARD, Calif.–(BUSINESS WIRE)–Arcus Biosciences, Inc. (NYSE: RCUS), an oncology-focused biopharmaceutical company working to create cutting-edge cancer therapies, today announced that the Compensation Committee of the Board of Directors of the company granted fourteen new employees options to purchase an aggregate of 34,500 common shares of the Company at an exercise price per share of $28.78, which was the closing price ...

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Vertex Pharma (VRTX) to Acquire ViaCyte for $320 Million

Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that the company has entered into a definitive agreement under which Vertex will acquire ViaCyte, a private biotechnology company focused on providing novel stem cell-derived cell replacement therapies as a functional treatment. type ...

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A list of upcoming events in the area not to be missed

Treasure Island at Cloverdale Playhouse A sneak peek at Treasure Island, which opens at the Cloverdale Playhouse in Montgomery. Advertiser Montgomery Looking for variety? We’ve got you covered this week with classic tales, blue musicians, great concerts, theater and even an extra dose of girl power in Montgomery. Watch ‘Encanto’ at the Riverfront Amphitheater on Monday It’s always a magical ...

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Report: Uber pressured and used ‘stealth’ technology to block review | Economic news

WASHINGTON (AP) — As Uber aggressively entered markets around the world, the ride-hailing service pressured political leaders to loosen labor and taxi laws, used a “switch arrest” to thwart regulators and law enforcement, funneled money through Bermuda and other tax havens and planned to portray violence against its drivers as a way to win public sympathy , according to a ...

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Funding for startups in India fell by 40% between April and June, says PwC

Geopolitical instability appears to be weighing on Indian startups, with total funding down 40% to $6.8 billion in the April-June quarter, a PwC India report reveals. Early-stage deals accounted for more than 60% of the total with an average deal size of USD 5 million, according to PwC India’s Startup Deals Tracker – Q2 CY22 report. ...

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Report: WWE boss McMahon’s silent cash bill exceeds $12 million

NEW YORK (AP) — Longtime World Wrestling Entertainment impresario Vince McMahon has agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, reports the Wall Street Journal. NEW YORK (AP) — Longtime World Wrestling Entertainment impresario Vince McMahon has agreed to pay more than $12 million over the past 16 ...

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Thor’s Future After ‘Love and Thunder’ Post-Credits Scenes

[This story contains spoilers for Thor: Love and Thunder.] The last moments of Thor: Love and Thunder propel the film’s main man into new territory. More from The Hollywood Reporter Before the credits roll, the film ends by opening a new chapter in the life of Thor (Chris Hemsworth) – from daddy bod to daddy god. Honoring the death wish ...

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Engineers consult 45-year-old Voyager manuals to solve a problem

In May, NASA scientists said the Voyager 1 spacecraft was returning inaccurate data from its altitude control system. The mysterious issue is still ongoing, according to the mission’s engineering team. Now, in order to find a solution, engineers are digging through decades-old textbooks. Voyager 1, along with its twin Voyager 2, was launched in 1977 with a five-year lifespan to ...

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Financing options to help businesses deal with rent increases

A third of small businesses could not afford to pay their rent over the past six months. And more than half of tenants have seen their commercial rent increase. If you’re wondering how we got here and how small business financing can help, that’s where Nav comes in. This article examines why inflation is hitting the commercial real estate market, ...

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Nurix Therapeutics Announces $40 Million Registered Direct Offering

SAN FRANCISCO, July 08 12, 2022 (GLOBE NEWSWIRE) — Nurix Therapeutics, Inc. (Nasdaq: NRIX), a clinical-stage biopharmaceutical company developing targeted protein-modulating drugs, today announced that it has entered into a securities purchase agreement with two companies health care – investment funds targeted to sell, in a registered direct offering, pre-funded warrants to purchase 2,869,440 shares of common stock at a ...

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What do the post-credits scenes mean?

Thor: Love and Thunder, the latest installment in the Marvel Cinematic Universe, has officially hit theaters, and fans lucky enough to attend an early screening are already buzzing about the movie AND its mid- and post-credits scenes. What exactly did we see in these scenes, and what could they mean for both the characters we know and love and the ...

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Legal Issues and Trends in the Singapore Crypto Scene | Morgana Lewis

Singapore has become a popular destination for new and existing cryptocurrency funds, just in time for the perceived imminent “crypto winter”. This LawFlash highlights trends and legal issues that companies should be aware of when looking to establish cryptocurrency funds or businesses or use digital assets in this area. STRUCTURES FOR CRYPTO FUNDS The Variable Capital Company (VCC) is a ...

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EXCLUSIVE KKR launches its first two ESG credit funds

Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register July 7 (Reuters) – Private equity firm KKR & Co Inc (KKR.N) is preparing to launch its first two dedicated credit ...

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Powerball lottery: Did you win Wednesday’s $35 million Powerball draw? Winning numbers, live results (06/07/2022)

The power ball Wednesday’s lottery draw jackpot increased to around $35 million, with a cash option worth $20.3 million. The winning numbers were: 32, 36, 49, 62 and 69. The Powerball drawn was 13 with a Power Play of 2X. No one across the country hit the $26.4 million jackpot on Monday, but a $1 million second-prize ticket was sold ...

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Research: Rating Action: Moody’s Upgrades MIC Glen Outlook to Stable; confirms B3 CFR

No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES ...

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GOVERNOR HOCHUL ANNOUNCES $250 MILLION RESTORATION BID PERIOD IN NEW YORK TO OPEN JULY 11

GOVERNOR HOCHUL ANNOUNCES $250 MILLION RESTORATION BID PERIOD IN NEW YORK TO OPEN JULY 11 Promotes the revitalization of communities by redeveloping or eliminating degraded structures Register here for the educational webinar which will take place on Wednesday, July 13 at 10 a.m. Governor Kathy Hochul announced today that the Restore New York grant program will open on July 11. ...

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Wall Street sleeps on this potential fintech giant

The financial sector is one of the fundamental pillars of society. According to general industry estimates, financials account for up to a quarter of the global economy. Modern card issuer Marqueta (QM 3.95%) is just a small dot in the financial universe, but it may not always be so – the company’s innovative and flexible technology makes it a potential ...

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Comprehensive report on Variable Inductors Market predicted to gain significant value by 2026

Global Variable Inductor Market 2022 Reports give a key study on the industry status of the Variable Inductor Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The ...

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Gujarat, Karnataka, top performing start-up ecosystems, funding increased 7x in eight years

Gujarat and Karnataka are ranked as the top performing states in the Startup States Ranking 2021. Among the smaller states, Meghalaya tops the list. Between 2015 and 2022, the number of investors in start-ups increased ninefold, total start-up funding increased sevenfold and the number of incubators saw sevenfold growth, according to the report . India has 70,809 recognized startups with ...

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Top Wall Street analysts say buy Rivian and Nio

A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors are simply unable to find a bottom in this bear market and are struggling to maintain their optimism in the face of growing concerns of a possible recession. However, the key to successfully surviving a bear market is to calmly wait ...

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Four Proven Tips to Keep Your Business Warm in Fundraising Winter

Venmo and Slack were forged in 2008, during the biggest economic downturn since the Great Depression, which confirms the fundamental reason for writing this article: exemplary brands and products can grow even during tough times. Startups through the stages and high-burn companies are riding through the cold wave of a “funding winter” where uncertainty around equity-backed funding is shaking things ...

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Montana man who scammed Derecho victim out of $15,000 sentenced to jail

He used the insurance money to gamble and pay personal debts CEDAR RAPIDS — A Montana man who cheated a Cedar Rapids landlord out of more than $15,000 in derecho repairs to go play instead has been sentenced to more than a year in federal prison and up to 180 days in a halfway house upon his release. William Allen ...

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Bond yields fall as recession fears rise

U.S. stocks surged on Friday, starting the third quarter with gains after the first half represented the S&P 500’s worst performance since 1970. The gains in equities came as bond yields fell slightly, with the 10-year US Treasury yield falling 8 basis points to 2.89%. The 10-year yield hit a low of 2.80% on Friday, after trading at a cycle ...

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Survey: There is a 52% chance of a coming recession

The U.S. economy is at a critical juncture as high inflation persists and the Federal Reserve is raising interest rates at the most aggressive pace in decades — even pundits are now sounding the recession alarm. Economists polled for Bankrate’s second-quarter economic indicator say there’s a 52% chance the US economy will contract over the next 12 to 18 months, ...

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Champions Funding’s non-QM solutions enable brokers to meet the unique needs of borrowers

Faced with a housing market in transition, mortgage lenders are scrambling to provide access to finance to a growing population of non-traditional borrowers. As these borrowers begin to represent a significant portion of overall housing demand, brokers and LOs want to partner with wholesale lenders who know how to serve this emerging customer base. As demand for alternative lending is ...

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