October 6, 2022

https://ift.tt/vr1bLAF Rabobank has teamed up with Dutch SME app Bizcuit to offer businesses integrated invoice financing. The embedded lending feature will let firms apply for invoice financing entirely within the Bizcuit app within a minute. The data needed for financing is automatically collected by Bizcuit, with the consent of the business owner, and sent along […]

https://ift.tt/crTPn6w TD Securities has become the first Canadian financial institution to join cross border business-to-business payments network Visa B2B Connect. According to Visa research, cross-border money movement represents a $10 trillion opportunity for the payments industry. However, significant obstacles exist, with nearly 70% of corporations surveyed from across 20 countries reporting systematic issues with poor

https://ift.tt/XnWq2Rt A new sustainable farm and food-focused digital bank is set to open in the US after raising $24 million in Special Deposit Shares. The first new mutual bank to receive FDIC approval in 50 years, Walden Mutual Bank will open its virtual doors to anyone interested in supporting a more sustainable and equitable local

https://ift.tt/t4TFouR PKO Bank Polski, the largest bank in Central and Eastern Europe, has moved one of the most recognisable buildings in the capital of Poland into the metaworld, where it has set up a virtual branch on the Decentraland platform. Paweł Gruza, vice president of the management board of PKO Bank Polski says the outpost

https://ift.tt/wyLISzO Prominent technology investor seeks $6bn for new private equity vehicle less than half the size of predecessor Financial Services

https://ift.tt/lc13mSE ZenLedger, the global leader in cryptocurrency tax software and blockchain analytics, today announced the company is accepting cryptocurrency as payment for goods and services using BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The ability to accept cryptocurrency enables ZenLedger to offer end to end functionality for crypto traders globally. More

https://ift.tt/PRK087v A few brief excerpts from a note by Goldman Sachs economist Spencer Hill: We estimate nonfarm payrolls rose by 200k in September (mom sa), 50k below consensus and a slowdown from the +315k pace in August. … We estimate the unemployment rate was unchanged at 3.7% in September …emphasis added CR Note: The consensus

https://ift.tt/uJ1CE3X On Friday at 8:30 AM ET, the BLS will release the employment report for September. The consensus is for 250,000 jobs added, and for the unemployment rate to be unchanged at 3.7%. There were 315,000 jobs added in August, and the unemployment rate was at 3.7%. Click on graph for larger image. • First,

https://ift.tt/XUafjPi From CoStar: STR: Jewish Holiday Shift Leads to Expected US Weekly Hotel Performance Decline As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through Oct. 1. Sept. 25 through Oct. 1, 2022 (percentage change from comparable week

https://ift.tt/tbujTr7 Today, in the Calculated Risk Real Estate Newsletter: "For many [home] sellers, it likely feels like the rug has been pulled out from underneath them" A brief excerpt: A few early reporting markets … This is the first look at local markets in September. I’m tracking about 35 local housing markets in the US.

https://ift.tt/D7b6uNq The DOL reported: In the week ending October 1, the advance figure for seasonally adjusted initial claims was 219,000, an increase of 29,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 193,000 to 190,000. The 4-week moving average was 206,500, an increase of 250 from the

https://ift.tt/xzul0tZ Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for an increase to 203 thousand from 193 thousand last week. Financial Services

https://ift.tt/WchHbKM From Moody’s Analytics Senior Economist Lu Chen: Office continues its bumpy ride, and Retail remains flat Office vacancy has been persistently stuck at over 18% since early 2021, a consequence of excess inventories and strains on companies’ expansion plans. Net absorption rose in June and July, in line with the return to office sentiment,

https://ift.tt/jGMyahU Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least another year—and perhaps even longer depending on how the Federal Reserve’s battle against inflation pans out in the coming months. Rates have

https://ift.tt/TjJw2eP Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, … [+] D.C., US, on Friday, Sept. 23, 2022. The Fed is expected to set interest rates again on November 2, with the markets expecting a 0.75 hike. Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP The Federal

https://ift.tt/PYxJmzU Source: Jones Day The global law firm Jones Day today announced the admission of 21 cohort companies that will participate in its FinAccelerate Empowered by Jones Day accelerator program taking place October 25-27. Announced in September, the program is designed to help selected fintech start-up companies with legal know-how that also connects them with

https://ift.tt/Ig2JOmk Source: Bitso Via, a global payroll platform that helps hire and pay workers anywhere in the world in compliance with local regulations, announced that it has chosen Bitso, the leading cryptocurrency platform in Latin America, to revolutionize international payments for workers in Latin America. Through the partnership, the company will resolve frictions within the

https://ift.tt/NdsLnfY | Getty Images Key Takeaways A growth recession involves a period of slow economic growth along with rising unemployment rates, but without a full contraction in the economy. The Fed Chair Jerome Powell has abandoned his plans of a soft landing as the battle against inflation wages on. A soft landing would cool the

https://ift.tt/uRoQjIq You collect dividends even when share prices decrease. Getty The stream of income offered by dividends provides some comfort in volatile market conditions. Treasury yields have risen from the all-time lows seen throughout 2020, reaching levels not seen since the 2008 recession. As of September 27, 2022, the yield on the 10-year note was

https://ift.tt/9FhwjGH close up group of businessman use stylus pen for explaining dashboard about company’s profit monthly … [+] on tablet and businesswoman holding report paper for collaborate work at meeting event , business finance concept getty I recently joined Market Wrap to chat with Moe Ansari about the market. With most money managers, Joe Sixpack

https://ift.tt/WzJ3CnL Topline Job cuts surged in September, and unemployment claims broke a streak of improvements last week in the latest signs that the red-hot labor market may finally be cooling as a result of the Federal Reserve’s interest rate hikes—a welcome development for investors but a concerning sign for the millions of unemployed Americans. New

https://ift.tt/7dfjy20 Key Takeaways Elon Musk tweeted a proposed solution to the Ukraine war, which included handing over parts of the country to the Russians and dropping their application to join NATO. It was met with widespread backlash, and in the subsequent days he announced would be going ahead with his purchase of the company. This

https://ift.tt/LQouclP Aryza, expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has today announced a partnership with Validis, a market leading open accounting platform, to develop an open finance solution that will help business lenders obtain better quality financial data from their customers. The partnership was driven by a growing

https://ift.tt/mNBWgQL Source: Afterpay Afterpay, a leader in “Buy Now, Pay Later” payments, today introduced a new payment solution that give consumers even more choice, flexibility and time to pay, with transparent terms to support responsible spending – just in time for the busy holiday shopping season. Consumers who select Afterpay’s monthly payment option can budget

https://ift.tt/IrTmLzB Uber today announced a new partnership with Marqeta (NASDAQ: MQ), Mastercard (NYSE: MA) and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card offers customized perks including up

https://ift.tt/Ube0OR1 | Getty Images Key takeaways The Russian stock market tanked after Russia’s invasion of Ukraine. It has seen its largest subsequent dip after Ukraine successfully went on the offensive, driving Putin to instate an unpopular draft of Russian soldiers. Divestments in the Russian economy and sanctions by Western countries have impeded the Russian stock