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    Between Musk, Yellen and the Bitcoin government Donald Trump left for history the memory of a government of “America first” through tweets. Elon Musk, known as the «Silicon Valley Iron Man» and CEO of Tesla, repeats the strategy at the business level and with an investment of 1,500 million dollars in bitcoin, announced on the same social network, he shot the star cryptocurrency to his all-time high last month. The consequence has been that Bitcoin again broke records and managed to exceed $ 58,000, more than a 90% revaluation, in February 2021. It has grown incredibly more than 200,000% in the last 8 years, with a market capitalization touching the trillion dollars. Musk also upped Dogecoin and Ethers on Twitter, achieving never-before-seen appreciations. But the real success has been to encourage institutional investors to see in cryptocurrencies investment potential, a safe haven asset or another means of payment. In...
    By MARCY GORDON, AP Business Writer WASHINGTON (AP) — President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street. Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as a tough markets regulator during the financial crisis. More recently he has been in the academic world. Biden’s selection of Gensler to lead the SEC signals a goal of turning the Wall Street watchdog agency toward an activist role after a deregulatory stretch during the Trump administration. The Senate Banking Committee is weighing Gensler’s confirmation in a virtual hearing Tuesday. Also being vetted and questioned is Rohit Chopra, a member of the Federal Trade Commission who is Biden’s nominee to lead the Consumer Financial Protection Bureau....
    WASHINGTON (AP) — President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street. Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as a tough markets regulator during the financial crisis. More recently he has been in the academic world. Biden’s selection of Gensler to lead the SEC signals a goal of turning the Wall Street watchdog agency toward an activist role after a deregulatory stretch during the Trump administration. The Senate Banking Committee is weighing Gensler’s confirmation in a virtual hearing Tuesday. Also being vetted and questioned is Rohit Chopra, a member of the Federal Trade Commission who is Biden’s nominee to lead the Consumer Financial Protection Bureau. Gensler is promising to work...
    From January 13 to February 23, 2021, the call was opened for companies to present the projects that will choose to be part of the financial sandbox in Spain. The Ministry of Economic and Economic Affairs and Digital Transformation announced on February 24, 2021 that it received a total of 67 applications in the first call launched to have access to the controlled financial space. Some of the projects that were presented are from foreign developers, and come from countries such as Israel and Canada. The government entity also referred to the technological innovation used, since most of the projects are based on digital biometrics, distributed ledger technology (blockchain), cloud computing, artificial intelligence, the Internet of things and Big Data. One of the companies that submitted to this call, with a solution that would be applied in the crypto-assets sector, was Common MS, a provider of software solutions for IT...
    Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013.Andrew Harrer | Bloomberg | Getty Images The confirmation hearings for President Joe Biden's choices to run the Securities and Exchange Commission and Consumer Financial Protection Bureau — Gary Gensler and Rohit Chopra, respectively — are set to begin Tuesday. They will be the first of Biden's financial regulators to face the spotlight in the Senate. The nominees pose risk to certain corners of the financial sector, according to analysts. The two "are likely to steer both agencies in a new direction which has implications for the capital markets," according to Brian Gardner, Stifel's chief Washington policy strategist. The SEC and CFPB hold the keys to financial issues such as new regulations on special purpose acquisition companies cryptocurrency and consumer loans.  Student lenders and servicers...
    London (CNN Business)The United Kingdom should introduce special visas and overhaul its stock market rules to allow entrepreneurs to keep control of their companies if it wants to remain competitive in financial technology after Brexit.Those are among the recommendations contained in a new report published on Friday. It is one of several reviews commissioned by the UK government to strengthen the hugely important financial services sector that is facing a precarious future because of the country's exit from the European Union. "Britain has a proud record of starting up and scaling up some of the best known fintech products, but we cannot rest on our laurels," said Ron Kalifa, the former CEO of payment processing company WorldPay, who led the review. "The next powerhouses will not be created by accident," he added.The United Kingdom has more than 10% of the global fintech market and the sector is now worth more...
    New York, Feb 24 (EFE) .- Wall Street closed in green on Wednesday and its main indicator, the Dow Jones Industrials rose 1.35% driven by the good results of the energy, financial and industrial sectors. At the close of operations on the New York Stock Exchange, the Dow Jones of Industrials rose 424.51 points and stood at 31,951.86 units, boosted by companies such as Boeing 8.12%, Chevron 3.7%, Goldman Sachs 3 , 58% or Visa 3.45%, in a day in which only five corporations closed with losses, with Home Depot (- 2.72%) in the lead The selective S&P 500 rose 1.14% or 44.06 points, to 3,925.43 and the Nasdaq composite index, which brings together the most important technology companies, added 0.99% or 132.77 units, standing at 13,597, 97 points. The New York stock market had started the session with decreases, at a beginning of the day marked by the rise...
    A little music often comes up in the media: shareholders demand 15% profitability, that’s too much. Oddly enough, this belief has never been the subject of scrutiny by the academic community. This is what we undertook with Michel Albouy in an article recently published in the journal Finance Contrôle Stratégie. Asking the question of shareholders’ objectives is legitimate, especially at a time when environmental issues are crucial. But giving the wrong answer to a good question has rarely advanced science and society, and recent news shows us that “alternative” truths can influence social behavior. We show that the supposed requirement of 15% profitability is not confirmed, then we show how this belief has spread in France since the 1990s under the influence of opinion leaders and the media of reference. We explain its appearance by the economic and institutional context of the 1990s (liberalization of financial markets, massive influx of...
    Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Citadel CEO Ken Griffin said Friday that he doesn't spend much time thinking about bitcoin or other cryptocurrencies. "I just don't spend much time thinking about cryptocurrencies ... I don't see the economic underpinning of cryptocurrencies. I understand how to value a stock -- the net present value of earnings -- I understand how to think about currency exchange rates around the world," Griffin said to Andrew Ross Sorkin on CNBC's "Squawk Box." "I don't know how to think about what is effectively a digital token." Bitcoin has soared in recent months, boosted in part by adoption from major financial institutions, investors and companies, including Tesla. Citadel's market making arm handles about 40% of the daily retail trading in the United States, making it one of the biggest companies involved...
    A survey conducted by the consulting firm Gartner found that the majority of finance executives do not plan to acquire bitcoin as a corporate asset in the course of 2021. In an article published on its blog on February 16, the firm presented the results of the survey of 77 finance executives in the first days of this month, including 50 directors of financial companies. Although he did not give names or mention the places where he applied the questionnaire. The results show that, of the total number of respondents, only 5% said they planned to hold bitcoin as an asset, while 84% assured that they do not plan to include the pioneer cryptocurrency as a corporate asset in the short term. According to Gartner data, the majority of the group interested in bitcoin plans to acquire it in the next few years. Even 16% of respondents willing to adopt...
    The Conversation Spain Brexit, the never ending story Shutterstock / rawf8 Four and a half years after the start of negotiations that brought down governments and shaken markets, on January 1 Brexit finally became a reality. After 47 years of British presence in the EU, the terms of separation were agreed broadly. But both parties will continue to haggle over the small details of the first departure of a member state of the community family. Many warn that the deal may turn into endless Brexit. The divorce has been harder than soft, since it was decided that the former partners maintained a controlled relationship. The UK barely got any concessions: its financial services do not enjoy special access, there is no automatic recognition of academic qualifications, very onerous import requirements have been imposed on some of its products and regulations that could damage many supply chains British production and logistics...
    Tribune. For months, Europe has been working on revising the mandate to release non-financial information, and today large corporations are required to publish reports on how they take into account environmental protection, shared value or respect for human rights. . The challenge of this amendment is to establish a common reference system through which all companies can communicate homogeneous indicators in environmental, social and administrative matters. These indicators establish what is commonly called their additional financial performance, which, in conjunction with traditional financial performance, will have their overall performance. The article is reserved for our subscribers Read this too George Soros: “Permanent bonds will be very useful for Europe” Technical in appearance, this material is actually quite political. Politics first, because it is of primary interest to citizens. Citizens facing climate emergencies are now increasingly demanding that companies report their environmental impact. However, citizens are not the only voters. They...
    The current bullish price run for Bitcoin (BTC) seems almost unstoppable currently. Since Bitcoin has done it again, it hit another all-time high today, February 17. And along with this rally, the other cryptocurrencies also rose. Bitcoin broke the psychological barrier of $ 50,000. After multiple tests of this level in the course of the past week. Additionally, banks are revealing their interest in BTC and more public companies are starting to jump on the Bitcoin train. Now, Bitcoin’s rally could continue in the short term, some analysts and traders consider. After the largest cryptocurrency by market cap soared today to a new record price above $ 51,000. The price of Bitcoin is currently at $ 52,370 according to our internal Crypto Online tool. Thus growing 7.95% in the last 24 hours. A survey reveals that 5% of CFOs of companies plan to buy BTC in 2021...
    The Argentine fintech that offers financial products Nubi and the global marketplace eBay closed an alliance that will help entrepreneurs and local small and medium-sized companies to increase your online sales internationally. Continuing with Nubi’s strategy of sealing alliances with leading international companies such as Samsung, Visa, Transferwise and PayPal, the Argentine fintech concludes this new agreement, which enables its users to access the eBay Business Development Program and thus receive the necessary advice and training to start exporting your products all over the world. Starting today, eBay also offers Nubi users a free shop for the first three months, thus seeking to make your start in selling abroad effective and successful. Xavier Aguirre, Senior Business Development Manager at eBay Latin America, explained that “this is a great moment to empower SMEs and entrepreneurs through cross-border trade. eBay, as a global platform, offers them a universe of 185 million...
    Finance and technology, now dubbed fintech, presents opportunities for entrepreneurs with innovative solutions. February 15, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. Technology and finance have always been intertwined, from the invention of the abacus to make financial calculations easier to the mammoth supercomputers that are used to drive complex financial models today. The fintech industry was born out of that merger, and now the majority of financial activity is carried out on mobile phones, enabling more people to have access to financial services. Apart from increasing access, technology has also driven a variety of drastic changes to financial systems around the world and in some cases, upturning entire sectors as in the case of mobile investment apps and stockbrokers. The fintech revolution is continuous, however, and the following are some of the most pivotal trends which will shape...
    Mardi Gras Fast Facts Inside the new Presidents routine: Oval Office fires and early bedtimes How Tech is Shaping the Future of Finance Technology and finance have always been intertwined, from the invention of the abacus to make financial calculations easier to the mammoth supercomputers that are used to drive complex financial models today. The fintech industry was born out of that merger, and now the majority of financial activity is carried out on mobile phones, enabling more people to have access to financial services. © Chuanchai Pundej/EyeEm. | Getty Images Apart from increasing access, technology has also driven a variety of drastic changes to financial systems around the world and in some cases, upturning entire sectors as in the case of mobile investment apps and stockbrokers. The fintech revolution is continuous, however, and the following are some of the most pivotal trends which will shape the future of finance,...
    Miguel Moreno Tripp Source: Courtesy Those are the acronyms of Environment, Social and Corporate Governance for its acronym in English (Environment, Social and Governance) and it is what (not so last) that companies are asked both for themselves, as what more and more investors are applying for their investments in a virtuous circle. They have to take into account how the company affects the environment, the repercussions of economic activities on society in general and on the communities in which the company operates, as well as the good – necessary, said the other – practices of corporate governance: how the company is managed. There are several antecedents. Santander, in a very good article on financial education, tells us that “sustainable investment refers to an ethical investment philosophy… it came to stay in the late 1960s. [cuando] the Vietnam War … Sparked a wave of university protests across...
    Initially, there was an observation: to respond to the widening of their scope of intervention, to experiment or even find solutions to the development of their territories, local authorities are developing cooperation, including with private actors, in order to conduct their public policies. There are multiple contractual relationships with these partners: financing agreement, public service delegation, equity participation, loan guarantees, etc. The partners are also of a varied legal nature: associations, mixed economy companies (SEM), local public companies (SPL), social landlords, public interest groups, mixed unions, private companies, public establishments, etc. At a time when the transparency of public policies is becoming more and more demanding, in an increasingly complex and constrained context, how can public authorities have a consolidated vision of their action and ensure that they its efficiency? Financial and legal risks, … Follow La Tribune Share economic information, receive our newsletters
    An officer stopped to help who he thought was a stranded motorist. Instead, he helped deliver a baby French workers can now eat lunch at their desks without breaking the law Ex-UniCredit CEO Plans SPAC Amid ‘Transformation’ in Finance (Bloomberg) -- Ex-UniCredit SpA Chief Executive Officer Jean Pierre Mustier plans to raise funds for a special purpose acquisition company, backed by billionaire Bernard Arnault and French asset manager Tikehau Capital. © Bloomberg Jean Pierre Mustier Mustier is working on the SPAC with former Bank of America Corp. executive Diego de Giorgi, according to a statement on Monday from Tikehau. Bloomberg first reported the news on Saturday. The company will invest in financial services, including wealth management and fintechs, it said. Load Error “There is within financial services a massive transformation which is taking place and which has been accelerated by the health crisis,” Mustier said in an interview...
    Editor’s note: We endeavor to bring you the top voices on current events representing a range of perspectives. Below is a column arguing that we should not create more regulations for hedge funds. You can find a counterpoint here, where Marshall Auerback, a researcher at Bard College’s Levy Economics Institute, argues that we need greater financial regulation after the GameStop fiasco. In the wake of the GameStop investor insurrection, hedge funds have suddenly become the Wall Street titans that everyone loves to hate. They are Wall Street’s latest version of the greedy Gordon Gekko. The GameStop incident was a retaliation by millions of small stock traders who felt they were being shafted by the big bully institutional investors that had shorted the stock. Shorting stocks infuriates day traders because they hold stock values down. But they also put the laws of gravity back in sometimes runaway irrationally exuberant stock markets....
    The New York Times ‘Your Own Private Army’: How the Republican Party Allied With Militias LANSING, Michigan – Last April, dozens of heavily armed militia members crowded the Michigan Capitol to protest a stay-at-home order declared by the Democratic governor to contain the pandemic. Chanting and stomping, they stopped legislative work, tried to force their way into the room, and brandished their rifles from the gallery at the legislators below. At first, Republican leaders had some doubts about their new allies. “The perception was not good. Next time tell them not to bring guns, ”complained Mike Shirkey, the majority leader in the state Senate, according to one of the protest organizers. However, Michigan’s highest-ranking Republican came to his senses after organizers threatened to return with guns and “militiamen to sign autographs and hand AR-15 rifles to the boys on the Capitol lawn.” “In his favor,” wrote Jason Howland, the organizer...
    Jon Winkelried, co-chief executive officer of TPG Capital, speaks during the Bloomberg Invest Summit in New York, U.S., on Wednesday, June 7, 2017.Misha Friedman | Bloomberg | Getty Images Former Goldman Sachs co-president Jon Winkelried and a partner from Alphabet's private equity fund CapitalG are joining the board of fintech data start-up MX to help scale up its business ahead of a possible IPO, CNBC has learned. Winkelried, who has worked as co-CEO of private equity firm TPG since leaving Goldman in 2009, is joining MX after TPG led a $300 million funding round in the company last month that valued the start-up at $1.9 billion. Also joining the firm's board is Mike Zappert, a partner at TPG Growth, and Derek Zanutto, general partner at CapitalG, which is Google-parent Alphabet's independent growth fund that has taken stakes in Stripe, Robinhood and Credit Karma. MX is one of a handful of...
    Robinhood financial investing app on a mobile device. (Photo: Adobe Stock) As the pandemic rages on many desperate Americans are having to choose between rent and putting food on the table. Looking to do both, some are using platforms like Robinhood to invest. Last week, many thought they hit the jackpot, only to have their ability to buy and sell stocks like AMC and GameStop hindered by Robinhood’s brass. Despite some negative press, Robinhood won and naive investors lost. Read More: Maxine Waters to investigate Robinhood CEO over GameStop controversy A notification about commission-free trading is displayed on the Robinhood application on December 17, 2020 in San Anselmo, California. (Photo Illustration by Justin Sullivan/Getty Images) I am a public health doctor — not an economist or financial expert — but all too often I hear cash-strapped Americans, desperate for a quick turn on their money, cite Robinhood as...
    When you intend to undertake a new business project, it is important that you analyze the different alternatives that exist in terms of the credits that you could obtain through banks and equity investments. Entrepreneurs regularly make the decision to get money through loans granted by traditional banks, however, this alternative might not be the most advisable in the sense that their procedures are sometimes long and expensive, in addition to the interest that are generated are high and it is likely that you will have to leave some guarantee. On the other hand, there are so-called capital investments and here we tell you what they consist of. 4 options for you to get money and start a business. Photo: Pixabay. Capital investments operate based on the participation of funds or groups of people that contribute capital to a certain company. Some options for you to get...
    Luxembourg was again pinned on Monday for its tax practices allowing fortunes around the world to escape tax, in a vast survey published by several European newspapers seven years after the LuxLeaks revelations. Some 140,000 active companies, or one for every four inhabitants, have been identified in Luxembourg in this new investigation carried out by the French daily The world with 16 partner media including The evening (Belgium) and Süddeutsche Zeitung (Germany) who sifted through 4 million documents. Read also: Tax evasion in Luxembourg: Juncker says he is “politically responsible” 90% of registered companies owned by non-residents Nine out of ten companies registered in the Grand Duchy are owned by non-residents, one in three companies is a participation or holding company in which assets are housed, a priori to benefit from a favorable tax regime, according to this radiography of the Luxembourg tax system, called OpenLux. Over the 2018-2019...
    Englands Hill gets serious ahead of Scotland clash with Exeter team-mates The Black History Heroes You May Never Have Heard Of Best & Worst Refinance Mortgage Companies of 2021 Ad Microsoft 19 Great Ways To Supplement Social Security Every Month That Many Didn't Know Ad Microsoft Expert: “This credit card is so good I signed up personally” Ad Microsoft Full screen 1/21 SLIDES © insta_photos / Shutterstock.com Fortune 500 Companies That Hire Remote Workers This story originally appeared on FlexJobs.com. With 42% of the U.S. workforce continuing to work from home full-time, businesses of all sizes — from small...
    By MARCY GORDON, AP Business Writers WASHINGTON (AP) — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues that President Joe Biden's regulatory team needs to tackle early in its term. A number of wealthy institutions on Wall Street bet the stocks of these companies would fall, only to be thwarted by small investors who banded together on social media and sent the prices higher. Many of the small investors trade on online platforms such as Robinhood, which suddenly restricted the buying of shares of GameStop and other companies, sparking outrage from the social media crowd and politicians alike. Biden's financial regulators — especially the Securities and Exchange Commission — will likely have to address questions about a number of Wall Street practices, such as short-selling and whether the...
    WASHINGTON (AP) — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues that President Joe Biden’s regulatory team needs to tackle early in its term. A number of wealthy institutions on Wall Street bet the stocks of these companies would fall, only to be thwarted by small investors who banded together on social media and sent the prices higher. Many of the small investors trade on online platforms such as Robinhood, which suddenly restricted the buying of shares of GameStop and other companies, sparking outrage from the social media crowd and politicians alike. Biden’s financial regulators — especially the Securities and Exchange Commission — will likely have to address questions about a number of Wall Street practices, such as short-selling and whether the business model of online...
    Safe to say, the Reddit forum WallStreetBets is not what Margaret Thatcher meant when she spoke of a shareholder democracy.  It's a version of it for the social media age, though. The only surprise is that it took so long for a new generation of digitally-native traders to cotton on to the possibility of flash-mobbing stock markets from their back bedrooms.  One major motivation appears to be resentment against the Wall Street establishment for its role in the financial crisis, coupled with generational anger against the supposedly asset-rich 'boomers'.  New order?: The Reddit forum WallStreetBets is not what Margaret Thatcher meant when she spoke of a shareholder democracy There is a distasteful strand of vindictiveness in some of the social media posts along with rage against hedge funds. The latter are not best-loved in the market. They stand accused of feasting on the misery of others and using companies...
    (CBS DFW) – Amidst the chaos on Wall Street, Texas Attorney General Ken Paxton said Friday that he has launched an investigation into Discord, Robinhood and various other companies that suspended stock trading this week. “Today I’m launching an investigation into @RobinhoodApp, @discord, and hedge funds who rigged our free mkt for the benefit of Wall St elites. The US econ should be transparent, open. This week’s coordinated corruption by a cabal of oligarchs shows it isn’t. I’ll help fix that,” Paxton said in a tweet. The events began when independent investors communicating on Reddit, specifically the WallStreetBets subreddit, started purchasing GameStop shares, driving up the price. AMC Theaters, American Airlines, and Bed Bath & Beyond became hot commodities, too. Hedge funds that had bet against the struggling companies lost large sums. Trading platforms, like Robinhood, intervened to try to stabilize the market this week by preventing their own customers...
    The headquarters of the Consumer Financial Protection Bureau in Washington, D.C.JHVEPhoto | iStock Editorial | Getty Images The Consumer Financial Protection Bureau is expected to become a more aggressive consumer watchdog under the Biden administration and while the coronavirus pandemic hurls financial challenges at millions of Americans. Consumer advocates say the bureau was almost entirely declawed under former president Donald Trump, and during his tenure enforcement action steeply declined. The agency was created in 2010 after the previous economic downturn to protect people from predatory lenders. Now, it's anticipated that the CFPB will more aggressively investigate consumer complaints and take action against companies that violate the law. To lead it, President Biden has nominated 38-year-old Rohit Chopra, a longtime consumer advocate and a former student loan ombudsman at the CFPB.Rohit Chopra, President Joe Biden's nominee to head the Consumer Financial Protection Bureau.Alex Edelman/Bloomberg via Getty ImagesOf course, some were skeptical of the...
    MIAMI (CBSMiami) – The coronavirus pandemic has hit the movie industry hard and many are struggling to survive. Now, Washington is sending money to help keep the marquees on. Movie theaters have sat mostly empty for nearly a year. The pandemic first led to shutdowns. Many like Santikos Entertainment in Texas were able to open, but the big blockbusters didn’t return. “Over 80% of the movies that were supposed to be shown this year have been delayed, some of those have gone direct to streaming,” says Santikos CEO Tim Handren. Theaters have tried to attract customers. In the Philippines, moviegoers can see a show on a socially distanced gondola. Smaller U.S. operations are finding some success playing older popular movies. Places like AMC will let you rent your own theater for as little as $99. Still, a Comscore study found revenue for the industry dropped 80% in 2020, leaving many...
    “Much of the commitment that fintechs must have is to inform about the rates that are managed in their companies, in order that the users who impact have a positive experience, learning in the use of credits and not end up in debt” , Juan Carlos López, founder of Moyo AI, a startup that seeks to have just over 25 million Mexicans have a financial history to later be part of the banking system, told Expansión. According to the Fintech Radar of Mexico, in 2020 there were 441 registered fintechs, and many of them have been used to capitalize on these types of companies. . “Based on technologies such as Blockchain, Big Data and Artificial Intelligence, the fintech industry offers solutions to improve, personalize, and automate the delivery and use of financial services, evolving services such as online payment, loan granting, investments and collective funding, among others. This...
    For digital banking companies and fintech companies, this is the ideal time to reposition themselves in this new reality, providing innovative financial products that solve the specific needs of a huge group of users. The trend is that there are no longer any “bank” customers, that is, people willing to wait for long periods in a branch to be attended to and to grant them a loan or with enough patience to make endless lines for operations that they can complete in seconds from a mobile device. Today each user chooses the option that is simpler and more flexible for each need. Traditional banks, for their part, are under pressure to retransform to adapt to the times. The business accumulates a huge and ancient cultural and technological debt. Today, a person in need of a home loan must spend hours at a desk filling out papers and applications...
    NHL roundup: Lightning remain perfect with OT win What Covid-19 did to divorces These $19k SUVs Will Make You Trade in Your Car Ad Microsoft The Highest Paying Cash Back Card Has Hit The Market Ad Microsoft Full screen 1/12 SLIDES © Roman Samborskyi / Shutterstock.com 11 Companies That Hire for Remote Sales Jobs This story originally appeared on FlexJobs.com. By design, sales positions are very conducive to working from home since most (if not all!) of the work can be done virtually. These days, companies can even successfully conduct global sales meetings online — without the extensive travel required of sales professionals in the past. Even though some remote sales jobs may still require partial travel, as companies realize...
    When the Condusef detects irregularities in the operation of financial institutions, it communicates it as a preventive measure to prevent fraud from being committed. Now we will tell you about five institutions whose commercial name and some of their fiscal or administrative data were supplanted. These are five Multiple Purpose Financial Companies, Non-Regulated Entities, which are registered in the System of Registration of Financial Service Providers (Sipres). These financial companies reported to the Condusef the impersonation of their company name by individuals or companies, with the intention of economically affecting users who request a loan. The agency warns that if they ask you for money before giving you credit, it is sure that they intend to defraud you. Fraudsters ask for money and then give you a loan. Do not give them that money or your data. Photo: Pixabay. The names of the financial institutions affected are: ...
    The Multiple Purpose Financial Companies (Sofomes) are public limited companies that have a current registration with the Condusef, and whose corporate purpose is the granting of credit, financial leasing or financial factoring. The Condusef warns that if you make contact with a Sofome be careful, some do not exist and commit fraud, we will tell you about three specific cases mentioned by the organization. Sofomes are entities regulated by financial and fiscal laws, also by secondary provisions issued by the Condusef, the Bank of Mexico and the National Banking and Securities Commission (CNBV). However, more than 1,500 unregulated Sofomes operate in Mexico, with the aim of granting loans, although they also raise money, that is the image, they actually commit fraud. The non-existent Sofomes and that commit fraud have pages in which they incorporate information from Sofomes approved by the Condusef. Photo: Pixabay. The Sofomes sector is susceptible...
    Norma A. Hernández Source: Courtesy Incredibly, 2020 was an excellent year in the different market indices. THE S&P presented a return in 2020 of approximately 17.12 percent, and the NASDAQ without a doubt the most favored It closed the year with a yield of around 90 percent and at the beginning of the year the indices follow the upward inertia of 2020, presenting yields above expectations. Theory and common sense tell us that this would be normal in a boom year, but it has been presented in the time of a pandemic catastrophic in the world, where around one million 935 thousand people have lost their lives. Without a doubt the injection of liquidity in the American Economy through the Federal Reserve that has been of 2.3 trillion dollars has contributed to the extraordinary returns that we observed as of March 23 in the stock markets that were...
    JPMorgan Chase CEO Jamie Dimon has expressed his fears about the future of both traditional banks and the country at large following the growth of big tech into the financial industry. Known as fintech — a portmanteau of financial technology — the companies referenced by Dimon include well-known behemoths such as Amazon, Apple, and Google in addition to more business focused apps such as Square, Stripe, and Paypal. According to CNBC, Dimon made the comments during a conference call with analysts on Friday morning. The CEO, who oversees a banking empire worth $3.4 trillion, confessed that he was “scared sh*tless” over the competition that fintech offers both at present and in the future. “Absolutely, we should be scared,” he said. “We have plenty of resources, a lot of very smart people. We’ve just got to get quicker, better, faster…. As you look at what we’ve done, you’d say we’ve done...
    As vaccination continues in the United States, some companies are offering financial incentives to encourage their employees to receive the injection. Dollar General is one of the first major companies to announce an additional pay to its workers who are vaccinated. The Goodlettsville, Tennessee-based retailer, which operates about 17,000 stores in 46 states, reported that it will give its employees a four-hour salary if they get vaccinated. Dollar General added that the additional payment is intended to offset travel time, mileage and child care expenses that employees will require to visit the vaccination center. “We don’t want our employees to have to choose between getting a vaccination and coming to work,” Dollar General explained. The retailer said it is encouraging its workers to get vaccinated, but will not force them. In its annual report for February last year, the company reported that it had 143,000 employees....
    Inside Kim and Kanyes $100m real estate empire Recall Watch: The Latest Automotive Safety Recalls Shoppers Say These 2 Mattress Brands Are Best Shopping for a mattress can be tricky. A good night’s sleep depends on making the right choice. Yet, how can you tell if a mattress will be the right fit once you get it home? © aslysun / Shutterstock.com Because mattress shopping is so challenging, it is crucial to learn as much as you can from the experience of other shoppers. And those who recently purchased a mattress say Purple and Tempur-Pedic are your best bets, according to J.D. Power’s 2020 Mattress Satisfaction Report. Those mattress brands earned top marks in the online (Purple) and retail (Tempur-Pedic) categories. In order of importance, J.D. Power evaluated customer satisfaction with mattresses based on: Comfort Price Support Durability Warranty Variety of features Customer service On a...
    SYLVAIN LEFEVRE / HANS LUCAS / AFP What if it was a startup nation? The government inviting international consulting firms to hand over important tasks such as designing the logistics structures of the vaccination campaign against the biggest epidemic since World War II? From the site’s revelations, many politicians have criticized it until France Inzuimis Atlantico.E, Supports Chain duck : Yanik Jadot in it “diagnosing a power deficiency in managing an infection”; Bastian Lachad (FI) criticizes the “rule of the state and the rule of incompetence”; “The fall of our state will break the heart,” shouts Rafael Kluxman. At the center of the controversy, in December, the government called on US consulting firm McKinsey to consider the use of the vaccine in France, particularly “logistics structure” and “operational integration”. The company, one of the largest in the world, employs 33,000 people and had revenues of more than $ 10 billion...
    After China’s banking and insurance regulator claimed US financial sanctions have no “legal effect” in Hong Kong or China, analysts have warned that financial institutions might still face penalties if found providing services to sanctioned entities. Washington has unleashed a swathe of sanctions on Chinese and Hong Kong officials and companies over the past year, potentially penalising financial institutions that do business with them. Those targeted include Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor, who was sanctioned alongside other top officials in August for their alleged role in curtailing political freedoms in the city. Last month, the US also sanctioned 14 members of the National People’s Congress, the Chinese legislature, for their role in drafting the new national security law for the city. Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. In a response to a media question on...
    Protesters, police face new challenges after milestone year of racial unrest Reese Witherspoon says she was caught off guard by ex Ryan Phillippes 2002 Oscars comment Heres how companies factor in environmental, social and corporate governance concerns Environmental, social and corporate governance factors vary by company and industry. In recent years, more bond analysts have been paying attention to ESG factors. Just as asset managers need to be educated about ESG factors, so do advisor clients. © Provided by CNBC Sustainable investing incorporates environmental, social and governance considerations. Load Error But how exactly do these factors fit into the analytical process, and how do they add value? CNBC consulted with several experts to find out. In general terms, "we look at a company's business models and where they operate geographically and assess what ESG factors they're exposed to," said Diederik Timmer, executive vice president with Sustainalytics,...
    aluxum | E+ | Getty Images Sustainable investing incorporates environmental, social and governance considerations. But how exactly do these factors fit into the analytical process, and how do they add value? CNBC consulted with several experts to find out. In general terms, "we look at a company's business models and where they operate geographically and assess what ESG factors they're exposed to," said Diederik Timmer, executive vice president with Sustainalytics, which provides ESG-related ratings and research on companies. ESG factors do vary by company and industry. For example, a financial institution can be exposed to concerns such as financial inclusion (providing access to the underserved), employee satisfaction and business ethics, he said. To see how well the company is managing these factors, Sustainalytics will look closely at the firm's management systems and policies, how they report on outcomes and any negative press. More from Impact Investing:Here's why 401(k) plans lag...
    Miami's Republican mayor is urging New York City's huge financial firms to leave Wall Street and relocate to Florida.  Mayor Francis X. Suarez made an appearance on Fox News' Your World on Thursday night, boasting that he has already been 'incredibly successful' in coaxing some Big Apple businesses to open offices in the Sunshine State.  'We've just had announcements from Blackstone, from Goldman Sachs and JPMorgan,' Suarez stated.  The mayor claimed that the exodus of financial institutions from New York began with SALT  - a federal tax reform law passed in 2017.  'We've had an avalanche of people coming here. It started with SALT - when you weren't able to deduct your property taxes and your city and state income taxes from your federal taxes - and it has continued with COVID.'  Fox News Privacy Policy Miami's Republican mayor is urging New York City's huge financial firms to...
    Cardinals, Yadier Molina continue negotiations The Best Wellness Trends That Came Out of 2020 China aims cracks down on Alibaba with anti-monopoly probe Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party's efforts to control fast-growing tech industries. © ChinaFotoPress/Getty Images 129515751.jpg News of the probe caused Alibaba stock to fall 7% in pre-market trading, plunging about 16% by late morning to around $215 a share.  President Xi Jinping's government is worried about the dominance of online businesses such as Alibaba, the world's biggest e-commerce company by sales volume, and Tencent Holding, operator of the popular WeChat messaging service and Asia's most valuable tech company. Regulators appear to be especially concerned about controlling private sector companies that are expanding into online banking at a time when Beijing is trying to reduce financial risks. Chinese e-commerce giant Alibaba rakes in...
    Loeffler’s ‘radical liberal’ barbs against Warnock ‘a broader attack against the Black Church,’ Georgia faith leaders say Top 10 parenting concerns during pandemic, according to new poll Landmark Taiwan Bid Sparks Hope of More Financial Deals to Come (Bloomberg) -- Taiwan’s stalled efforts to consolidate its splintered banking industry received renewed impetus as one of the island’s biggest financial groups announced a milestone bid to buy a smaller rival. © Bloomberg A Fubon Financial Holding Co. bank branch in Taipei. Fubon Financial Holding Co. plans to acquire a controlling stake in Jih Sun Financial Holdings Co. in a tender offer that could be worth as much as NT$49 billion ($1.7 billion), Fubon said in a statement Friday. Load Error The takeover would be the first time a financial holding company has acquired a direct rival in Taiwan, representing progress in the government’s decades-long efforts to make its overbanked...
    By Trevor Hunnicutt, David Lawder and Daphne Psaledakis WILMINGTON, Del./WASHINGTON (Reuters) - President-elect Joe Biden's team will consider several options to punish Russia for its suspected role in the unprecedented hacking of U.S. government agencies and companies once he takes office, from new financial sanctions to cyberattacks on Russian infrastructure, people familiar with the matter say. The response will need to be strong enough to impose a high economic, financial or technological cost on the perpetrators, but avoid an escalating conflict between two nuclear-armed Cold War adversaries, said one of the people familiar with Biden's deliberations, speaking on condition of anonymity. The overarching goal of any action, which could also include stepped-up counter cyber espionage efforts, would be to create an effective deterrence and diminish the potency of future Russian cyber spying, the person said. The unfolding crisis - and the lack of visibility over the extent of the infiltration...
    (Bloomberg Opinion) — President-elect Joe Biden’s pledge to rejoin the Paris climate agreement sends an important signal to the world about U.S. leadership. But the action will merely take us back to four years ago. To push us forward, on his first day in office, President Biden should bring together a group of G-20 leaders to join the U.S. in endorsing a mandatory standard for global businesses to measure and report the risks they face from climate change. It’s a critically important step that’s entirely within reach, because such a standard already exists and has won widespread global support. In 2017, under the auspices of the Financial Stability Board, the international Task Force on Climate-related Financial Disclosures (TCFD), which I chair, issued a set of guidelines to help companies measure and report climate risks and opportunities, including those associated with the shift away from fossil fuels. That information empowers companies...
    The financial blacklisting of businesses and individuals for political reasons has increased dramatically over the past half-decade, but a new rule from the Office of Comptroller of the Currency may be about to change that. The basis of the rule (still in draft form) is that it will prohibit major banks from discriminating against someone based on non-financial reasons — including political viewpoint. The draft rule is currently open for public comments through Regulations.gov The political left has, with varying levels of success, sought to financially blacklist certain businesses and industries in recent years. For example, a 2018 op-ed in the New York Times explained how “banks could control gun sales if Washington won’t:” What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the...
    Hong Kong (CNN Business)Chinese state-owned companies are starting to default on their debts. It's a problem that could ripple through the country's financial system, threatening to slam the brakes on the nation's economy and hobble the global recovery from the pandemic.State firms defaulted on a record 40 billion yuan ($6.1 billion) worth of bonds between January and October, according to Fitch Ratings. That's about as much as the last two years combined. The problem has only gotten worse in recent weeks. A slew of major companies — including BMW's (BMWYY) Chinese partner Brilliance Auto Group, top smartphone chip maker Tsinghua Unigroup, and Yongcheng Coal and Electricity — declared bankruptcy or defaulted on their loans last month, sending shock waves through the nation's debt market. Bond prices have plummeted and interest rates have spiked, and the turmoil has even spilled over into the stock market, where shares of state-owned firms have...
    Chuck Yeager, pilot who broke the sound barrier, dies at 97 Mount Everest is two feet taller, China and Nepal announce China regulator puts countrys fintech giants on notice hinting at more rules China's top banking regulator questioned the power of the country's large financial technology companies in areas from data privacy to market dominance. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), hinted "timely and targeted measures to prevent new systemic risks", in a nod toward further regulation. He did not mention any specific companies but China has been drafting rules in areas from antitrust to data protection, which could affect firms like Alibaba, Tencent, Baidu and others. © Provided by CNBC Alipay and WeChat Pay logos for online payment are displayed at a store on November 9, 2019 in Changzhou, Jiangsu Province of China. Ant Group which runs Alipay and Tencent...
    This creative image taken in a studio in Paris on November 16, 2020, showing a syringe and a vaccine vial with the reproducted logo of a US biotech firm Moderna, illustrates the announcement of an experimental vaccine against Covid-19 from Moderna that would be nearly 95% effective, marking a second major step forward in the quest to end the Covid-19 pandemic.Joel Saget | AFP | Getty Images A Covid vaccine likely won't be available for most people for months but, in the meantime, you may be wondering if you can inject some of your cash into the companies expected to roll out the treatments —Moderna, Pfizer and AstraZeneca — and make a profit. It's hard not to be excited about the news coming out of the three firms. Their vaccines were found to be up to 90% (or more) effective in clinical trials, and the world is now hoping they...
    VIDEO4:4204:42Top crypto regulator says to expect 'clarity' on Bitcoin in coming weeksSquawk Box One of the United States' top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC's Melissa Lee on "Squawk Box" to expect "clarity" on cryptocurrency in the next six-to-eight weeks but said "nobody's going to ban bitcoin." "We're very focused on getting this right. We're very focused on not killing this," Brooks said. "And it's equally important that we develop the networks behind bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing." Concerns about potential regulation were heightened last month when Coinbase CEO Brian Armstrong said on Twitter that he had heard rumors that the Treasury Department was working to rush out new crypto...
    By Anna Irrera LONDON (Reuters) - Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D'Amelio and former quarterback Eli Manning. Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith's Dreamers VC, CrossLink Capital and Collaborative Fund. San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens' accounts and manage and freeze cards. It does not charge fees but makes money from card interchange. Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday. The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow...
    MILAN (Reuters) - Financial software group ION is sponsoring a $500 million listing of a special purpose acquisition vehicle to invest in financial technology and services, filings with the U.S. securities regulator showed. The move adds to a wave of recent listings of so-called SPACs or special purpose acquisition companies, shell vehicles that raise money in an initial public offering (IPO) to buy and then merge with another company, typically within two years. The SPAC, ScION Tech Growth I is aiming to sell 50 million units at $10 each, it said in the Securities and Exchange Commission filing. It said it planned to use the proceeds to invest in companies that offer "specific technology solutions, broader technology software and services in the financial services sector". The target company will have an enterprise value between $3 billion and $10 billion, a source close to ION said on Tuesday. Dublin-based ION group,...
    Red Sox, Rodriguez avoid arbitration with 1-year, $8.3M deal Gifts thatll make your sister love you even more Bank and insurance stocks had an outstanding November, but this part of the financial sector did even better © Getty Images DEEP DIVE Load Error The financial sector of the S&P 500 Index just had its best month since April 2009. But the sector is lagging way behind the broader market. Meanwhile, the Global X FinTech ETF — which tracks financial-technology companies including Square Inc. and PayPal Holdings Inc. — performed even better during November, trouncing traditional financials and the broader market in 2020. The two financial sectors represent extremes, the first being steady but cyclical mainstays, while fin-tech players are innovating and growing quickly. Analysts argue that some of the best-known financial-technology stocks, including PayPal and Square are fully valued, at least based on their consensus...
    Bad Karma: Fisker’s Government-Funded Failure Elon Musk says Tesla’s success is due to the quality of its cars, not government funding— but whether you believe him or not, it’s impossible to separate the success from the subsidies. We can’t know if Tesla would have skyrocketed to the top without assistance, and, for now, it’s too early to tell if the company’s current success is sustainable without government funds.  But we can learn something from the spectacular failure of Fisker Automobiles. The Fisker failure is a perfect example of how government-funded innovation can go terribly wrong.  In January 2008, Fisker rolled out the sleek, sporty Karma at the North American Auto Show in Detroit, Michigan. Leonardo DiCaprio was an early fan of the Karma, so were Al Gore and Carlos Santana. Comparisons to Tesla were automatic , and, depending on who you believe, not a coincidence: Just a few months after...
    Large U.S. banks can’t restrict specific industries from access to lending and other financial services, the Office of the Comptroller of the Currency said in a proposed rule Friday, a response to outcry from Republican lawmakers that banks were declining to support fossil fuel companies. Under the proposed rule, big banks must allow fair access for banking services to all companies. A large bank can decide to deny services only based on an “objective” risk-based assessment of the individual person or company, the proposal says. While the proposed rule applies more broadly than just energy companies, it appears to be in direct response to complaints from Republicans that big U.S. banks have been pulling out of financing fossil fuel projects, including coal and oil and gas drilling in the Arctic. The proposal directly references a letter Alaska Republican lawmakers sent the office in June arguing that banks such as Citigroup,...
    Bruce Arians says Antonio Brown has been model citizen: “If and when he’s not, we’ll move on” Smart tax moves to make before the end of the year DBS CEO Welcomes China Fintech Clampdown After Ant Scrutiny (Bloomberg) -- DBS Group Holdings Ltd.’s top executive welcomes the increased regulatory scrutiny of financial technology companies in China and elsewhere in Asia, saying it will create fairer competition with banks that have been subject to stricter oversight. © Bloomberg Piyush Gupta “Over time you will start getting a more level playing field, and you’ll start getting a proportionate and even regulatory response to all participants in the market,” Chief Executive Officer Piyush Gupta said in an interview with Bloomberg Television on Thursday. Load Error Read how Jack Ma’s botched Ant IPO may boost China’s banks Gupta spoke after being asked for his view on the shelving of Ant Group Co.’s...
    ABCVALENCIA Updated: 11/12/2020 09: 13h Save LUAfund it’s the first manager from money and entities of venture capital ‘for the economy of the future’. The manager was born with the aim of creating a new business, social and educational reality, putting in value projects and businesses that, once passed the phase from startup -the one with the highest market risk- are not yet consolidated. Companies that, in addition and taking into account the current uncertainties of the market and the world economy, could have real difficulties to survive. They thus constitute a historic opportunity to invest in a business niche that, until now, has gone unnoticed. LUAfund covers one of the great empty of the financial markets that, however, has expected returns higher than those of the public debt, the Stock Market or the real estate sector. The manager, officially registered by the Securities Market...
    Transfer news: Ronaldo could return to Manchester United Nigerias Prince Kunle says Prince Harry and Meghan Markles Netflix careers will only be successful if they respect royal tradition How advisors figure out which ESG funds are a good fit for socially conscious clients and their portfolios Investing sustainably is a personal experience, and there are multiple strategies under the sustainable-investing umbrella. Advisors can start by asking clients what sustainable investing means — and what's most important — to them. Some investors see such investing as not only ethical but an exercise in risk-mitigation, avoiding poor corporate actors and other risks. © Provided by CNBC When introducing clients to the idea of sustainable, or socially responsible, investing, financial advisors' questions often spark a revelation. Load Error "Our first question to any potential client is about values," said certified financial planner Mitchell Kraus, co-founder of Capital Intelligence Associates...
    VIDEO2:1502:15Mark Mobius says China doesn't want Ant Group to become too dominantEast Tech West The suspension of Ant Group's initial public offering (IPO) is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners.  Ant, an affiliate of Jack Ma's Alibaba, was all set for a $34.4 billion dual listing in Shanghai and Hong Kong last Thursday. Ant operates Alipay, which is one of China's most popular mobile payment systems. It is also provides everything from wealth management to micro loans, and sells financial technology to enterprises. But the fintech firm's IPO, which would have been the biggest ever, was pulled at the last minute after Chinese authorities said there were "major issues" with the listing.I believe the Chinese government stepped in because they realized that they had to regulate these companies, so that they don't … get too big.Mark Mobius"The...
    Washington’s ‘oldest’ house started out in Massachusetts This Is the Fast-Food Chain With the Most Locations in America Wall Street Wants to Be Sure Biden Can Keep Warren’s Army at Bay (Bloomberg) -- Wall Street has made its peace with a Joe Biden victory, taking comfort in his decades-long political career in which moderation is a prevailing trait. But it’s nervous about his more liberal allies. Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits. Firms are counting on his business-friendly inner circle -- a group that includes long-time Democratic stategists, corporate lawyers and former lobbyists -- to exert the most influence in selecting nominees for agencies like the Treasury Department and the Securities and Exchange Commission that manage the economy and police the markets. Middle-of-the-road candidates have a key advantage: They’ll...
    People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Just days after the abrupt suspension of Ant Group's IPO — which was set to be the world's largest offering — China's financial authorities emphasized the need to ensure sufficient regulation. But they did not discourage entities from working with Ant — an Alibaba-affiliate which runs one of the two major mobile payments systems in the country, Alipay, and operates many subsidiaries for tech-driven business lending and personal investment. Ant also has many partnerships with major banks and financial institutions. Ant Group's dual listing in Shanghai and Hong Kong was originally planned for Thursday, but it was called off just two days before then. "At the same time, (regarding) Ant Group, as a large privately run enterprise, we also hope everyone, in accordance with the rules and...
    Zeta weakens to tropical storm over Alabama after making landfall as Category 2 hurricane in Louisiana; at least 1 dead These dangerous foods will probably surprise you Most of the World’s Biggest Public Companies Support Climate Risk Disclosure (Bloomberg) -- A task force set up to improve the reporting of financial risks caused by climate change has seen support for its recommendations soar in the past year as demand grew from investors for more information on how a warming planet will affect business. But disclosures by companies on the financial impact remain low, according to a new report from the Task Force on Climate-related Financial Disclosures. © Photographer: BRITTANY HOSEA-SMALL The San Francisco skyline during wildfires in September. The group has urged businesses to measure and disclose how different climate outcomes might weigh on their performance. TCFD’s annual report, published on Thursday, found that over the past year support for its transparency practices...
    During the COVID-19 pandemic, finding gigs is even harder than usual for artists, with budgets getting thinner at galleries, museums and companies willing to spice up their advertising with actual art. Which makes Denver artist Tony Ortega's hot streak amid the chaos even more impressive. Known for colorful works that embrace his cultural heritage, Ortega recently was feted at the opening of the twentieth-anniversary Día de los Muertos exhibit at the Longmont Museum, on display through January 9, which honors the Mexican holiday and several of his family members. Ortega has also managed to find a supportive industry that isn't facing financial crisis during the pandemic, partnering with cannabis edibles company Ripple to display his Día de los Muertos art on several of the company's packages through the fall. A small portion of profits off the products featuring Ortega's art will be donated to an organization of his choice: RedLine Contemporary...
    Jets trying to trade for Golden Knights Paul Stastny? Gifts for RV owners thatll put em on the road in style Pandemic Derails Myanmar’s Nascent Financial Market Expansion (Bloomberg) -- A resurgence of the coronavirus outbreak in Myanmar that’s forced a lockdown of its largest city is delaying plans to establish a market for corporate bonds and an additional listing option for companies seeking to go public. Load Error A planned trial of corporate bond trading, set initially for December, has been put off to the first half of next year, said Htay Chun, a commissioner at the Securities and Exchange Commission of Myanmar. Uncertainty spawned by the pandemic means only a handful of companies are in talks to join the Pre-Listing Board, an alternative to the main stock exchange with easy listing rules, he said. The pandemic is the latest hurdle in Myanmar’s push to develop its...
    Reuters October 8, 2020 0 Comments A victory by U.S. President Donald Trump in the Nov. 3 election would continue his administration’s four-year deregulatory streak, which has delivered at least $40 billion in gains to banks and other financial firms, according to industry estimates. Here are some more key financial rule changes that policy experts said they would expect if the Republican incumbent wins a second term in the White House. HOUSING FINANCE OVERHAUL Trump’s administration could push ahead with its ambitious overhaul of the housing finance market. The Federal Housing Finance Agency (FHFA) has begun the fraught process of returning Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee over half the country’s mortgages, to the private markets. It has allowed the pair to bolster their capital bases by retaining more of their profits and is drawing up new capital requirements that should be finished by the...
    Pence denies systemic racism, Harris decries Trump administration pattern of racism in historic debate Smaller hams, downsized desserts: Sams Club adds petite packs as Americans plan smaller holiday gatherings during pandemic Investing in private companies © SARINYAPINNGAM / iStock A man contemplating his investments The goal of investing is to grow money for long-term goals like retirement, and do it strategically so that it can work for you while you’re out living your life. There are a variety of strategies when it comes to investing — and it’s important to get as much information as possible so you can decide what would be the best fit for your life and goals. And, just as there are several different ways to invest, there are also different types of companies that you may consider investing in. Broadly speaking, there are two types of companies: public and private. And while you are...
    * Backs investor call for companies, auditors to act * Follows accounting body ‘opinion’ in late 2019 * Could impact impairments, capital expenditure plans By Simon Jessop LONDON, Sept 24 (Reuters) – United Nations climate envoy Mark Carney on Thursday threw his weight behind a growing push by investors for companies to more accurately reflect climate-related risks in their financial accounts. Such risks can range from physical dangers such as water levels rising and destroying factories, to new regulations putting a higher price on carbon emissions, for example, which could render products and services redundant or in need of new pricing, impacting profits and contingent liabilities. Already this year, leading oil majors including BP and Shell have written down the value of their assets after revising long-term oil price assumptions, which underpin decisions such as capital expenditure and impairments, and investors are now calling on the process to be expanded...
    Trying to pick stocks can be risky. Especially these days.Tatsiana Volkava | iStock | Getty Images Bored at home, many people are turning to the stock market and dabbling in day trading for entertainment and profits.  However, most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the losses that day trading can bring, according to financial experts. Day trading has become very popular worldwide since the onset of the pandemic. Activity has "increased dramatically" in the first quarter of 2020 compared to 2019, according to data analyzed by Cerulli Associates. TD Ameritrade reports that visits to its website giving instructions on trading stocks has nearly quadrupled since January. Meanwhile, trading apps like Robinhood are seeing a surge in business.  Lawrence Sprung, a certified financial planner and the president of Mitlin Financial, based in Hauppauge, New York, believes day trading is up for a few different...
              A joint petition has been submitted to the Surface Transportation Board (STB) on behalf of the Canadian National Railway Company (CN), Norfolk Southern Railway Company (NS) and Union Pacific Rail Road Company (UP) freight-hauling railroad companies for the purpose of modernizing annual revenue adequacy determinations of the industry’s overall financial health. CN, NS and UP are three of the seven railroads remaining in the U.S. from the 41 that operated in 1979 designated as Class I by the STB, based primarily on the annual operating revenue of the railroad company. The seven reportedly represent 94 percent of the industry’s revenue, 69 percent of the industry’s freight rail mileage and about 90 percent of the industry’s employees. Their petition is based on a report by two uniquely-qualified subject matter experts retained on behalf of the railroads. Professor Kevin M. Murphy is the George J....
    JERUSALEM (Reuters) - Israeli cyber group Team8 said on Tuesday it had hired former Bank Leumi chief executive Rakefet Russak-Aminoach to lead a new division that aims to develop financial technology companies. Team8 Fintech aims to supply both businesses and consumers with new technologies "to ensure they stay relevant and gain a competitive advantage," Team8 said. It said it would also seek to create technology that will enable certain non-financial companies to become new fintech providers. Team8, which has traditionally invested in cyber security companies, is a venture group backed with strategic funding from Microsoft, Walmart, Barclays and Moody’s. Russak-Aminoach last October stepped down as CEO of Leumi, Israel's second-largest lender, after seven years in the post. (Reporting by Steven Scheer; Editing by Tova Cohen) Copyright 2020 Thomson Reuters.
    Wall Avenue might quickly develop into a house workplace and a pc. The massive brokerage companies and banks which are headquartered in New York Metropolis aren’t going to confess this publicly, not less than not but. With the COVID pandemic waning right here within the Huge Apple, banks have introduced that their return-to-work plans will start roughly after Labor Day, with about half their staff returning to town by the tip of the 12 months, and the remainder someday in presumably early 2021. Privately, nonetheless, financial institution executives are way more tentative about once they anticipate to function at full drive, and it’s not simply worries a couple of second wave of COVID that’s inflicting this reassessment. Like most of Company America, the banks did simply high quality with most of its staff working from house throughout the pandemic. And banks are brutally environment friendly at chopping prices —...
    Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7.Aly Song | Reuters With Apple and Tesla's shares trading at lower prices after their stock splits on Monday, you might be thinking now is the time to invest in these companies.  After all, one share of Apple stock cost around $130 on Tuesday afternoon. Before its 4-for-1 stock split, it was trading at more than $500. Tesla stock, meanwhile, was down to around $480 a share from more than $2,000 before its 5-for-1 stock split.   However, investors should tread lightly, financial advisors say. More from Personal Finance:Emergency savings are tumbling during pandemicAvoid making these investment mistakes, pros warn'Super savers' make sacrifices to help reach goals These numbers don't mean the stocks are suddenly on sale or that you can now buy more of either company for less of your money, advisors say. Each...
    VIDEO2:5502:55Chinese firms in a 'rush' for U.S. IPOs to beat new rules, says expertSquawk Box Asia Fewer Chinese companies are expected to go public in the U.S. market once new financial regulations kick in and those that are already listed there may return to China if they cannot comply with the rules, an investor told CNBC.  Alibaba affiliate Ant Group, for example, is preparing for a dual listing in Shanghai and Hong Kong in one of the most highly anticipated initial public offerings. "We do expect to see fewer Chinese ADRs listing in the U.S.," Kathleen Smith, principal and co-founder of Renaissance Capital, said on CNBC's "Squawk Box Asia" on Friday. Renaissance Capital provides institutional research and IPO ETFs.  "We are seeing a rush of them now because there are some new SEC rules being put into effect that are going to require all U.S.-listed companies to abide by the financial oversight of the accounting...
    WASHINGTON (AP) — With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending program in a way that could bring more risk for the government and taxpayers. Lawmakers are pressing the central bank to deliver more aid to struggling small and mid-sized businesses. The economic recovery has been uneven and painfully slow in the wake of shutdowns from the coronavirus. The pandemic has killed some 180,000 people in the U.S., and the number of laid-off workers collecting jobless benefits exceeds 14.5 million. And now many lawmakers are asking the Fed to expand its lending to small and medium-sized businesses, by allowing companies to offer assets such as commercial properties as collateral. They warn that hard-hit hotels and shopping malls could suffer a huge wave of foreclosures, hurting local communities and jobs across the country. “Inaction would be disastrous...
    Improved Tigers set to take on Twins Five Fall Color Trends from the Runway Are These America’s Greenest Big Companies? As the global environment deteriorates, a growing number of American companies have started to go, or have gone, "green." There is no single definition of what that means. Some have begun to increase recycling. Others have cut greenhouse gas emissions. Still others plan to become carbon neutral. Among these measures needs to be a commitment to the environment at the board of directors level. Over the past several years, some of America's biggest public corporations have added environmentally/sustainability-focused board committees. © Provided by 24/7 Wall St. These committees are designated by a small number of names, such as Corporate Responsibility Committee; Corporate Social Responsibility Committee; Environmental Committee; Environmental, Health and Safety Committee; Public Responsibility Committee; and Sustainability Committee. It is impossible to say exactly what...
    ConsenSys and JPMorgan finally materialize In parallel with this acquisition, JPMorgan has strategically invested in ConsenSys “To support its mission to help developers build next-generation networks and enable companies to launch more efficient financial infrastructures. “ Although details of the deal were not disclosed, sources familiar with the matter previously estimated that JPMorgan was looking to invest $ 20 million in ConsenSys, in the context of launching a wider fundraising campaign. up to $ 50 million : “The creation of Quorum was a first for JPMorgan, both in terms of developing its own blockchain protocol and open source software for the developer community,” said Umar Farooq, blockchain manager at JPMorgan. “We are incredibly proud of the use of Quorum over the past several years and we are delighted to have ConsenSys as a partner in advancing the vision. “ For its part, ConsenSys is delighted to continue its highly...
    Central Park is unveiling a statue of womens rights pioneers. Its the parks first statue of real women A regional supermarket chain just filed for bankruptcy despite surging grocery sales How crowdfunded investments could make wealth distribution more equitable for Black Americans The murder of George Floyd, and too many others, sparked a nationwide conversation about race and the need to create a society built on equality and justice. We need reform across all facets of society from education to our justice systems, but a major source of strife throughout American history has been the disenfranchisement of Black Americans from equal participation in the established financial systems. Load Error Analyzing disparities in income between Blacks and whites fails to show the whole picture. Wealth is a more comprehensive measure, as it can be passed on and includes such assets and financial instruments as stocks, bonds, and equity in...
    Tokyo, Aug 11 (EFE) .- Japanese companies will suffer a fall of close to 36% in their net profits in the current fiscal year mainly due to the effects of the coronavirus pandemic, according to calculations released today by the financial daily Nikkei. Results for the year from April 1 this year to March 31, 2021 will be the worst for Japanese companies listed on the Tokyo Stock Exchange since the 2008 financial crisis, Nikkei said. According to data compiled by the financial daily, 60% by Japanese firms foresee a reduction in their income and profits. The Toyota group, for example, estimates that it will close its fiscal year with a 20% reduction in sales and a 64% drop in net profits. But other companies will benefit, such as electronics supplier Ibiden, which expects earnings 32% higher than the previous fiscal year. According to Nikkei, the 585 companies that have...
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