July 5, 2022

https://ift.tt/XxfSLci Today, in the Calculated Risk Real Estate Newsletter: 30-Year Mortgage Rates Decrease to 5.50% Excerpt: After reaching 6.28% on June 14th, 30-year mortgage rates have decreased to 5.50% today according to Mortgagenewsdaily.com. The 10-year Treasury yield has fallen to 2.82%, apparently on “recession fears”, even though it is pretty clear the economy is not

https://ift.tt/oq61neh Two years ago scarcely anyone in mainstream finance had heard of Sam Bankman-Fried, or ftx, the cryptocurrency exchange he launched in 2019. Both gained greater prominence, first as the crypto craze reached fever pitch and then as crypto fell to Earth. Mr Bankman-Fried (widely known as sbf) has lately been at the centre of

https://ift.tt/Tg7UIFx Online investment platform eToro and blank cheque company FinTech Acquisition Corp V have pulled the plug on their planned $10.4 billion Spac deal. Announced last March, the deal was supposed to see eToro list on Nasdaq but conditions were not met by the 30 June deadline. Neither party will be required to pay the

https://ift.tt/NGo4s7O Many loan term sheets lack definitions for ebitda allowing corporates to avoid breaching covenants Financial Services

https://ift.tt/kfh9PZ4 Australian buy now, pay later firm Openpay has ended its US operations and laid off most of its staff in the country, according to Reuters. The lender is the latest BNPL player to feel the consequences of rising interest rates and a wider economic downturn, leading it to stop extending loans in what it

https://ift.tt/9t6acKh Topline Oil prices dropped 9% Tuesday—falling back below $100 per barrel for the first time since May—as some experts warn that prices could fall to as low as $60 per barrel by the end of the year if an economic downturn significantly curtails demand. Oil prices are stuck in a “tug-of-war between supply and

https://ift.tt/ex9wLnU China Last Night KraneShares Key News Asian equities were mixed overnight as Hong Kong and Mainland China were underperformers on low volumes after strong performance last week, closing flat and slightly lower, respectively. There is some optimism that President Joe Biden may announce week a rollback of some US tariffs on Chinese consumer goods

https://ift.tt/2ABDzGZ Australian buy now, pay later firm Openpay has ended its US operations and laid off most of its staff in the country, according to Reuters. The lender is the latest BNPL player to feel the consequences of rising interest rates and a wider economic downturn, leading it to stop extending loans in what it

https://ift.tt/U4Jhrmo The BEA released their estimate of vehicle sales for June this morning. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2022 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand

https://ift.tt/213jf8H Tesorio, an accounts receivable management platform, today announces $17 million in Series B funding led by BAMCAP Ventures, a VC group formed by accomplished company builders and investors. The round includes participation from existing investors Madrona Venture Group, First Round Capital, Floodgate, FundersClub, Hillsven, Mango Capital, and Xplorer Capital, plus new investors Susan and

https://ift.tt/zFvLEOd Left Facing Red For Rent Real Estate Sign in Front of Beautiful House. getty Demand for rental property is literally going through the roof—and we can play the trend for a rock-solid 7% dividend that can be had at a discount! What’s driving this opportunity? Higher interest rates. As you can see below, the

https://ift.tt/LJPjFh6 Chinese fintech behemoth Ant Group has made its “privacy-preserving Computation Framework” open source. The framework is designed to preserve user privacy while the firm carries out data analysis and machine learning and address pain points in multiparty collaboration on information flows. It integrates a range of Ant Group’s privacy computing technologies and covers the

https://ift.tt/NsOxri3 A report by Stripe and Finch Capital has found that VC investments in embedded finance doubled between 2020 and 2021 across Europe and North America. Totaling $6.7 billion, the report outlines that the European market is now catching up to North America, with over $1 billion of VC investments into embedded finance in 2021

https://ift.tt/7aFXJnb Online banking platform Virgin Money lauds the technology provided by fintech partner Flexys, to deliver the UK government’s Bounce Back Loan Scheme (BBLS) Pay As You Grow (PAYG) repayment options. British businesses that suffered during the Covid-19 pandemic were offered support through the government’s BBLS, via banks which were equipped to quickly roll out

https://ift.tt/HmVyrQA Topline The stock market fell on Tuesday, adding to recent losses as investors returning from the holiday weekend face renewed fears of a looming recession, while shares of Tesla slumped after the electric vehicle maker reported fewer deliveries than last quarter. Investors are still “very anxious” and markets are choppy amid rising recession risks.

https://ift.tt/5F8tpwK Verizon Communications has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ”DividendRank” statistics including a strong 5.0% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the

https://ift.tt/0OhqgeE UKRAINE – 2019/02/06: In this photo illustration, the Magellan Midstream Partners Publicly listed … [+] company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) LightRocket via Getty Images This pipeline system operator offers low-cost, low-carbon, and high-volume transportation to half of U.S. refinery capacity. Better yet, the

https://ift.tt/muMd6lG Pismo, one of the world’s fastest-growing banking and payments Software-as-a-Service (SaaS) firms, announces Ross Larter as its new Engineering Director. Based in Bristol, UK, Larter will be responsible for structuring the technical team, expanding the company’s solutions, and supporting processes related to Pismo’s globalisation strategy. Larter brings more than two decades of experience in

https://ift.tt/sPwmbMU Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to enable customers to easily identify and assess criminal activity involving cryptocurrency during digital investigations to expedite their resolution. Cryptocurrency usage has increased significantly over

https://ift.tt/8a3O2Uv Workplace pension and savings fintech, Cushon, is today announcing Rachel Beagles as its new Non-Executive Director during a time of rapid growth and as the business continues to fundraise. A specialist in financial services with long-term experience in the wealth and asset management sector, and strong sustainability credentials, Rachel’s expertise will be invaluable as

https://ift.tt/bhv2uc5 Fraud is widespread these days and not going away anytime soon. According to a recent industry report, 38% of UK retail sales will be done online by 2026. Moreover, by 2026 almost 40% of all retail chain sales will be online. Whilst this is good news for eCommerce businesses, it is also good news

https://ift.tt/Hgy5xXQ This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Okay. Okay. So you’ve seen a lot of “End of Times” letters being blasted off to founders. What’s really going on? Data speaks louder than my words,

https://ift.tt/DsOPJlI An Atlas Air flight departing from Hong Kong. (Photo by studioEAST) Getty Images Following the worst start of a year for the stock market in 52 years, the ranks of my Casualty List are swelling. This list contains stocks that have been banged up in the latest quarter, and that I think can recover

https://ift.tt/seRMrLh Investors concerned about the apparent ‘bursting’ of the crypto bubble need to zoom out from short-term pain and look at past experiences of fast-moving technological markets.  Who remembers Lycos? A darling of the tech bubble of the early 2000s, it is now consigned to little more than a footnote in the history of the

https://ift.tt/aRUc45m Notes: This CoreLogic House Price Index report is for May. The recent Case-Shiller index release was for April. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic Data: National Home Price Gains Continue to Exceed 20% in May CoreLogic® … today released the CoreLogic Home Price

https://ift.tt/CQiYjJX Wirex, the leading payments platform, has launched Wirex Credit, offering highly competitive interest rates and no origination fee for crypto-backed loans. Users can easily borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80% within the Wirex app. Crypto loans have become hugely popular in recent months due

https://ift.tt/BlX2vGz A report by Stripe and Finch Capital has found that VC investments in embedded finance doubled between 2020 and 2021 across Europe and North America. Totaling $6.7 billion, the report outlines that the European market is now catching up to North America, with over $1 billion of VC investments into embedded finance in 2021

https://ift.tt/uIbjkHP The Financial Conduct Authority (FCA) has appointed six directors as it expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April. The appointments announced today, which fill a mix of new and existing roles, draw on the FCA’s internal talent and external expertise. They add to

https://ift.tt/fQmZEPz Cambodia’s largest commercial bank, ACLEDA Bank, has partnered with FSS Technologies Singapore in a multi-product deal to provide a comprehensive merchant management system. The deal will consolidate and digitally transform its nation-wide merchant operations, and automate its terminal monitoring, reconciliation and settlement processes. This deal will allow FSS Solutions will help ACLEDA to bring