Introduction Hard money is considered asset-based lending. It gets its name from the fact that borrowers have to offer hard assets as collateral on the loans they obtain. In most cases, the asset is the piece of property being obtained with loan proceeds. Lenders take a good, hard look at properties in making their approval […] More
Introduction As you may have gathered from the stringent Anti-Money Laundering laws put in place around the globe, money laundering has been one of the leading problems plaguing businesses in recent history and remains a dire issue in the world today. Not only can money laundering have a serious impact on the business itself, but […] More
Introduction Due to the implementation of the Anti-Money Laundering and Counter Financing of Terrorism act of 2009, business entities are now required to submit their Risk Assessment procedures and AML programs to a bi-yearly audit or whenever requested by an assigned AML/CMF Supervisor. Certain businesses may be subjected to more frequent audits based on their […] More
Connecting DeFi with traditional financial instruments will give a massive boost to the whole market. With over $13 billion in total value locked, decentralized finance has truly shaken the crypto world in the last year. It has provided a new way to profit from the crypto market. Meanwhile, DeFi right now is only a niche… More
Introduction One of the most stressful parts of founding or managing a new business is funding it. Many would-be owners push their dreams of owning a business to the side because they don’t believe they can finance it. However, there are plenty of federal grants that entrepreneurs underutilize in the early stages of their business. […] More
In three years, a younger generation of banking customers won’t do business with a traditional fiat bank unless it offers access to crypto. Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that… More
Dow Jones Industrial Average rises 190 pointsU.S. manufacturing and services activity surge along with home salesData from IHS Markit showed U.S. manufacturing activity hit its highest level in 19 months in August, while services were at their highest level in 17 months. Meanwhile, existing home sales for July saw a record month-over-month spike of 24.7%.… More
Thousands of people in California are under evacuation orders as dozens of major wildfires continued to ravage parts of the state on Wednesday with an unrelenting heatwave and high winds making firefighting conditions difficult. Governor Gavin Newsom has declared a state of emergency during evacuations and rolling blackouts and called on the California National Guard to… More
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during an event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Sunday, Jan. 7, 2018.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Nvidia — Chipmaker Nvidia posted record sales in the last quarter… More
Federated Hermes’ Phil Orlando sees a lot going right for the rally.With the S&P 500 hitting all-time highs twice so far this week, the firm’s chief equity market strategist is optimistic the economic recovery will continue to support the historic comeback off the March 23 low.”The progress that we’re making is impressive,” Orlando told CNBC’s… More
People wait for their numbers to be called at an unemployment event in Tulsa, Oklahoma, on July 15, 2020.Photo by Nick Oxford for The Washington Post via Getty ImagesSome workers got an extra $300 in unemployment benefits this week. That aid will start flowing to others in coming days. But thousands of out-of-work Americans won’t ever… More
People wearing masks avoid social distancing as they wait in line to enter Target in Herald Square amid the coronavirus pandemic on May 16, 2020 in New York City.Alexi Rosenfeld | Getty ImagesCheck out the companies making headlines in midday trading. Target — Shares of Target jumped almost 12% to hit an all-time high after the retailer’s… More
A man walks outside of a Walmart in China.Tomohiro Ohsumi | Bloomberg | Getty ImagesWalmart’s online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world.The giant discount retailer reported Tuesday that net e-commerce sales in China grew 104% from a year ago in the three months ended… More
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