October 13, 2022

https://ift.tt/8DZRHI0 Financial wellness benefit platform for employees Northstar has raised $24.4 million in a funding round joined by PayPal Ventures and Thomson Reuters Ventures. GGV Capital led the round, with participation from Canvas Ventures, M13, Workday Ventures, Parade Ventures, Foundation Capital, Designer Fund, and RRE. Northstar’s financial wellness programme combines a set of tools and […]

https://ift.tt/tsHIceu The consumer credit arm of Italian investment bank Mediobanca Group has made two fintech investments designed to boost its BNPL operations. Mediobanca’s Compass unit has acquired Italian fintech Soisy and bought a 19.5% stake in Swiss outfit HeidiPay. Founded in 2017, Soisy specialises in the granting of special purpose loans for the purchase of

https://ift.tt/lEt0VeC The launch of Canada’s Real-Time Rail (RTR) payments system has been pushed back from the middle of next year to an as yet undetermined date. In a delivery roadmap update, Payments Canada, which is leading the project, says an extension will “provide additional time to validate and test the components and end-to-end integration of

https://ift.tt/71vWADb Bank of America’s AI-powered chatbot, Erica, has passed the one billion client interactions mark, helping nearly 32 million customers since launching in 2018. At launch, the virtual assistant helped users with a host of simple transactions such as money transfers and balance enquiries. It has since added more sophisticated features. Customers have viewed 37

https://ift.tt/I5D6XrO (Photo by Robert Alexander/Getty Images) Getty Images Last night, Victoria’s Secret SCRT (VSCO) unveiled a new strategic growth plan designed to strengthen the company’s core, ignite growth and transform its foundation. The elements of this plan, which VSCO communicated at its Investor Day held earlier today, include increasing market share in its key categories

https://ift.tt/fMl87eF Cash injection of $400mn for studio behind ‘Top Gun: Maverick’ defies gloom in public entertainment groups Financial Services

https://ift.tt/OLdzUaR Broadcom’s dividend payments have grown almost 30-fold in the last 10 years. Getty Images Social security recipients are getting some relief from rising inflation next year with an 8.7% raise to their monthly payments, the Social Security Administration announced Thursday. It’s the largest cost-of-living adjustment since 1981, but if you are an investor looking

https://ift.tt/HKmp7MD Close-up computer screen with financial data. Multiple exposure photo. getty Key Takeaways The yield curve shows the yield of bonds compared to their maturity lengths. Typical yield curves see long-term bonds have higher rates than short-term bonds. In recent months, the yield curve has inverted, with long-term bonds paying less than short-term bonds. This

https://ift.tt/WBhi6RN Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending Oct 8, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued

https://ift.tt/ZGrbR4c Screw and bolt supplier Fastenal FAST (FAST) reported quarterly earnings this morning that exceeded expectations. The stock is trading up 3.5%. There is an ex-dividend date coming up in less than two weeks on October 26 for a $0.31 per share payout. If you don’t own FAST, a buy write looks attractive today and

https://ift.tt/l24eV5s Losses at university’s $51bn endowment could widen as private equity and venture capital funds cut valuations Financial Services

https://ift.tt/r1cVqFp Astra, a leading provider of instant card-to-card funding as a service in the U.S., today announced a $10 million Series A funding round led by FPV Ventures, with participation from Slow Ventures and Allegis Capital, as well as a $30 million line of credit through CoVenture to support the company’s rapid expansion in the

https://ift.tt/OjyrFT3 NorthOne today announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne is poised to further expand the reach of its business banking and financial management platform across all sectors of the small business community. NorthOne is a financial technology company, not a bank. Banking services

https://ift.tt/5T3HhPt YuLife, the tech-driven financial services brand on a mission to inspire life, today announced that funds and accounts advised by T. Rowe Price Associates, Inc. have joined as investors in the company, having participated in YuLife’s recent Series C funding round. The investment, along with YuLife’s existing investors, will support the company in its

https://ift.tt/toA3ljU Apple has joined forces with Goldman Sachs to add a high-yield savings account feature to its credit card. Apple Card users will be able to automatically deposit their Daily Cash cashback rewards into the new savings account, set to roll out in the next few months. There will be no fees, no minimum deposits,

https://ift.tt/Q8x1ozJ Today’s CPI inflation numbers will do little to reassure the Fed ahead of their next meeting. (AP … [+] Photo/Manuel Balce Ceneta, File) Copyright 2022 The Associated Press. All rights reserved. Today’s CPI inflation report saw 0.4% month-on-month inflation for September. Similar to the recent spike in wholesale prices for September, inflation is not

https://ift.tt/jWoUuie Tifin, the fintech platform known for Magnifi, it’s award-winning investment marketplace, today announced the launch of their new premium subscription Magnifi Personal, aimed at helping investors without enough time or knowledge to build and grow their portfolios with intelligence. New and existing Magnifi investors can now upgrade to a Magnifi Personal personal plan and

https://ift.tt/Rqt3b08 Today, in the Calculated Risk Real Estate Newsletter: House Prices to National Average Wage Index A brief excerpt: One of the metrics we’d like to follow is a ratio of house prices to incomes. Unfortunately, most income data is released with a significantly lag, and there are always questions about which income data to

https://ift.tt/29CEcek It’s been a challenging year for the stock markets, with the S&P 500 down 20% year to date and the Nasdaq Composite off by 30%. However, a few stocks have held up relatively well, and one of those is Franklin Covey. It’s roughly flat for the year. In a recent interview with ValueWalk, Kevin

https://ift.tt/dCO9NXj The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.7% in September. The 16% trimmed-mean Consumer Price Index increased 0.6% in September. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by

https://ift.tt/QGi0LSE State Street Corporation (NYSE: STT) announced today that TradeNeXus, a GlobalLink digital platform for foreign exchange transactions and an integral part of State Street’s Digital Division, has partnered with Capitolis, the technology company reimagining capital markets, to launch an automated post-trade solution to optimize portfolios. This product culminates an ongoing collaboration to integrate TradeNeXus’

https://ift.tt/iIKozRJ Stephanie Wolf, Head of Global Financial Institutions, Governments and Business Banking Sales for GTS, Bank of America joins FinextraTV at Sibos 2022 to discuss the issues facing the industry and Bank of America’s latest innovation in APIs. Sponsored | what does this mean? This content has been created by the Finextra editorial team with

https://ift.tt/yTYZ0sU getty getty Trading is not investing and vice versa. However, both can help the other. When I see a big fat trading signal for a stock, I’ll go look at that stock and see if it makes a good investment. The trouble with tried and tested trading signals is that better be your own,

https://ift.tt/DogzqTm Yellow canary on its perch getty Miners used to keep canaries in their mines because the bird had very fragile lungs and when the air became toxic the bird would fall off its perch dead, long before the miners would start to collapse. This brutal but effective alarm system is now synonymous with the

https://ift.tt/RhClWIy China Last Night KraneShares Key News Asian equities were down on light volumes in advance of today’s US CPI print, with Thailand on holiday. The Asia dollar currency index gained as the US dollar slid slightly overnight. At the same time, China’s renminbi (CNY) fell somewhat versus the US dollar as it nears what

https://ift.tt/9JlN68e | Getty Images Key Takeaways With the possibility of global demand for LNG (liquefied natural gas) doubling by 2040, companies involved in natural gas are set to increase in revenue. The ongoing situation with Russia and Ukraine has significantly impacted energy prices worldwide as countries affect sanctions against Russia. European countries are looking to

https://ift.tt/1lTfstA The Index of Bonds on The Screen. getty Generally, recessions are bullish for bonds. Which makes this 3.8% bond yield a “best recession bet.” Why are we talking bonds in a year where they have all been crushed? Well, that’s the reason. The cure for poor bond performance is the high yields that are

https://ift.tt/ZHnNSvK The DOL reported: In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of 9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week’s unrevised average of 206,500. emphasis added The following graph

https://ift.tt/DuoA31N From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. Increases in the

https://ift.tt/iCAIrW4 With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2023. From Social Security: Social Security Announces 8.7 Percent Benefit Increase for 2023 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in

https://ift.tt/l6SzDgM Source: Forter Forter, the Trust Platform for digital commerce, today announced the launch of Smart Claims, a new product offering designed to help businesses manage chargebacks more effectively. By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims enables merchants to resolve chargeback disputes more intelligently and

https://ift.tt/jQBby20 Source: Visa Creators are driving a revolution in digital commerce and culture – producing content that entertains, engages, and educates online communities in powerful new ways. To serve this growing category of small business, Visa (NYSE: V) today announced the launch of the Visa Ready Creator Commerce program. The global initiative will help creator-centric

https://ift.tt/h1mMn5K Source: Profile Software Profile Software, a leading financial solutions provider, has announced today that UBCI (Union Bancaire pour le Commerce et I’Industrie) has selected Acumen.plus, the internationally implemented Treasury Management solution, to effectively cover the entire spectrum of treasury and streamline their operations in the most efficient way. The solution, which offers full compliance

https://ift.tt/4psQA6T Source: Clik2pay Payment service provider Clik2pay has launched the Clik2pay Partner Program, enabling service providers, merchants and organizations to provide Clik2pay direct-from-account payment service to their clients. The program is designed to help payment service providers, independent software vendors, developers and associations offer additional payment solutions to their customers, saving them costs and allowing

https://ift.tt/t5QWTKG Source: Pillow Democratised access to digital assets is key to getting emerging market investors on a level playing field, giving them the opportunity to take control of their finances and battle the dual challenges of inflation and the rising costs of living. Helping them on this journey, crypto investments platform Pillow is creating simple,

https://ift.tt/UMwWbzG Revolut is looking to lure consumers in Ireland with a three percent cashback offer on purchases with leading brands. The new service, ‘Shops’, lets users search and browse products from more than one thousand brands. These include local favourites ranging from Smyths Toys and Woodies to Arnotts and Brown Thomas; international retailers like Ikea,

https://ift.tt/lQA8yqI Topline As the threat of prolonged inflation threatens additional rate hikes tanking sectors of the market, consumer prices rose 8.2% in the 12 months ending in September—slowing down for a third consecutive month, but still climbing more than expected in a worrying sign for the broader economy. An attendant holds a petrol pump. SOPA

https://ift.tt/ybUHoL4 | getty Key Takeaways The ADP report is one of two jobs reports investors absolutely need to pay attention to. Strong jobs numbers could lead to a stock market rally, while a weak report is likely to send stocks tumbling. Job growth remains strong overall, but hiring in some industries is beginning to slow

https://ift.tt/IPSQ2dp Source: ComplyAdvantage ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that Vatsa Narasimha has been named as the company’s new Chief Executive Officer (CEO), and Charles Delingpole, the company’s founder and former CEO, will transition to become Executive Chairman. Both will assume their new positions effective immediately. Charles Delingpole has