Author name: munir-transfer

Finance of America CEO to retire as the company faces market-driven challenges

Changes in the top leadership ranks come at a challenging time for the company. It recently released its results for the first quarter ended March 31, posting a net loss of $64 million. Net loss includes negative changes in fair value of $96 million, predominantly due to model assumption updates to account for widening spreads, […]

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SoftBank’s Masayoshi Son backs Nasdaq listing for Arm despite UK pressure

SoftBank founder Masayoshi Son said the Nasdaq remained his “favorite” venue for the planned listing of Arm despite an intensive UK lobbying campaign for a London share offering of the British chip designer. The Financial Times reported This week that the UK government has debated the use of national security legislation to compel SoftBank to

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Alta Finance wants to make investors rich off of real estate revenue by loaning them crypto assets. Here’s how to get involved.

Alta Finance wants to make you rich by exposing you to real estate revenue with crypto

Today, if you were to take your money and head to a bank to put it in a CD and lock it up for five years, you’d probably expect to get about a two percent annual percentage yield. Yet Utah-based Alta Finance wants to provide a 10.33 percent annual percentage rate by promising exposure to

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U.S. Treasury yields move higher as investors monitor economic data, Fed speeches

US Treasury yields were higher on Friday, but closed down for the week, as market participants assessed the prospect of major central banks implementing further interest rate hikes to curb soaring inflation. The yield on the benchmark 10-year Treasury note trading was higher at 3.134%, down from last Friday’s close of 3.231%. Meanwhile, the yield

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Canada Pushes Spotify, Netflix and Other Foreign-Owned Streamers to Finance Local Content

Canada‘s House of Commons has passed Bill C-11 with an eye to raise around $800 million annually from US streamers and social media platforms as they become obligated to subsidize local Canadian film, TV and music product. The legislation behind the streaming video and audio tax now awaits passage through the Senate upper house in

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Despite intensified scrutiny, Steamboat financial audit finds no discrepancies

money, cash Though technically late, the Steamboat Springs Finance Department received glowing marks in the city’s annual audit. The city’s 2021 Annual Comprehensive Financial Report was issued on May 17, and City Council publicly reviewed the independent auditors’ findings and opinions on Monday, June 20. “You’ve got a clean opinion,” said Kimberley Higgins, the certified

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Saddle Finance announces end of lock-up period for its native SDL token

Saddle Financea multichain decentralized automated market maker (AMM), ended the first vesting stage for its native token, Saddle Finance (SDL) on Thursday, June 23, 2022. All community members that helped Saddle by providing funds to its liquidity pools are receiving access to their tokens so tokenholders can trade and transact SDL. Users can stake SDL,

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Stocks turn higher as traders assess path of interest rate rises

Global financial markets snapped a losing streak on Friday, recording their first weekly gains this month as fears of a looming recession prompt investors to rethink how aggressive central banks will need to be in order to tame high inflation. Recent lacklustre economic data has rippled across markets, with traders rapidly scaling back their expectations

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Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

The cryptocurrency lending platform Babel Finance finally reached a debt agreement with counterparties. Before now, the firm had experienced some difficulties in its operations due to the present market downturn. It stopped withdrawing and redeeming crypto assets in its custody at the time to avoid possible liquidation pressures. However, by carrying out its legal responsibilities

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