Author: Press Room
Stratyfy uses AI to help lenders extend more credit to underbanked communities. The startup raised $10 million on March 29 from Truist Ventures, Zeal Capital Partners, and others. Here’s the 13-page pitch deck Stratyfy used to raise its so-called “institutional seed.” Laura Kornhauser, a former executive director at JPMorgan Chase, was surprised when she received her adverse action notice informing her she had been denied credit. Kornhauser had been invited to apply for credit multiple times while completing her MBA at Columbia Business School in the fall of 2016. But because she was a full-time student, she didn’t have a lot…
Baby boomers and Gen Z kids are divided on what age adults should start paying their own bills. 68% of US parents are sacrificing savings to financially support their adult kids, Bankrate found. Financial support can delay parents from retiring, repaying their debts, and reaching their goals Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Baby boomers and Gen Z are at odds when it comes to the age of financial independence, a recent study found.Personal finance site Bankrate commissioned YouGov to survey 2,346…
The Biden administration has asked the US Supreme Court to intervene and allow abortion pills to remain available while litigation challenging their regulatory approval proceeds. Merrick Garland, US attorney-general, said on Thursday that the government strongly disagreed with a late-night ruling on Wednesday from the US Court of Appeals for the Fifth Circuit that preserved access to pills containing the drug mifepristone while temporarily imposing some restrictions on them. “We will be seeking emergency relief from the Supreme Court to defend the FDA’s scientific judgment and protect Americans’ access to safe and effective reproductive care,” Garland said in a statement.…
Hundreds of thousands of recipients of the Deferred Action for Childhood Arrivals program will for the first time soon be eligible for affordable health care coverage after President Joe Biden announced a plan Thursday to expand access to Medicaid and the Affordable Care Act insurance marketplace. “We need to give Dreamers the opportunities and support they deserve,” Biden said in a video posted online. “Today, my administration is announcing our plan to expand health coverage for DACA recipients by allowing them to enroll in a plan through the Affordable Care Act or through Medicaid.” The Department of Health and Human…
Shares of Netflix Inc. NFLX shed 2.12% to $331.03 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.41% to 4,091.95 and Dow Jones Industrial Average DJIA falling 0.11% to 33,646.50. This was the stock’s sixth consecutive day of losses. Netflix Inc. closed $48.40 short of its 52-week high ($379.43), which the company achieved on February 3rd. The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple… Read the full article here
Oil futures fell on Monday, with U.S. prices ending below $80 a barrel for the first time in more than week as investors returned from a three-day Easter weekend. Crude prices had surged in holiday-shortened trading last week after the Organization of the Petroleum Exporting Countries and its allies announced an unexpected round of production cuts.Price actionMarket drivers WTI… Read the full article here
The numbers: Mortgage rates dipped for the fifth week in a row, giving would-be home buyers a boost as the cost of borrowing eases. The 30-year fixed-rate mortgage averaged 6.27% as of April 13, according to data released by Freddie Mac FMCC on Thursday. The 30-year was at the lowest level in two months. That’s… Read the full article here
Series I bonds had a good two-year run at the top of the interest-rate heap, but the next 6-month rate that will be announced on May 1 is likely to fall so low that buyers probably won’t show up in record-breaking numbers. I-bonds are priced based on two factors: a variable rate based on six months of inflation data (from October through March) and a fixed rate that is less transparently calculated. The latest CPI numbers for March indicate that the variable rate is going to pan out at an annualized rate of 3.38%, down from… Read the full article…
© Reuters. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla (NASDAQ:) Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker’s board. The proposals – disclosed in a filing on Thursday – also contain one investor resolution for the preparation of a key-person risk report from the company whose reliance on CEO Elon Musk has raised concerns. Tesla shareholders usually vote largely in line…
By Peter Nurse Investing.com — Oil prices weakened Thursday, with growing fears that the U.S. economy will fall into recession later this year causing traders to bank profits after recent gains. By 08:30 ET (12:30 GMT), futures traded 0.4% lower at $82.97 a barrel, while the contract fell 0.4% to $87.00 a barrel. Both benchmarks had risen 2% on Wednesday to their highest in more than a month as cooling spurred hopes that the U.S. will stop raising interest rates. However, from the Fed’s last policy meeting suggested that the policymakers were concerned that stress in the banking sector would…
