CashNews.co Ally Financial CEO Michael Rhodes says the companyâs next few quarters will be âchoppy.â In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter standards for borrowers by instituting tighter verification requirements for proving income and employment. âOur origination trends reflect a deliberate strategy to be increasingly selective in our underwriting with a […]
CashNews.co Voters work on their ballot at a polling station at the Elena Bozeman Government Center in Arlington, Virginia, on September 20, 2024. – | Afp | Getty Images Many investors worry about how the outcome of the presidential election will impact their investments. But there’s another risk financial advisors are focused on â public […]
CashNews.co West Red Lake Gold Mines has secured financing of more than C$68m ($49.34m) to fund the production restart at the Madsen Gold Mine in the Red Lake district of Ontario, Canada. The package includes a $35m loan facility from Nebari Natural Resources Credit Fund II and a $20m bought-deal equity offering. The loan facility, […]
CashNews.co A campaign finance complaint has been filed against the independent expenditure committee Colorado Dawn, IEC. The expenditures at the heart of the complaint were paid for by Colorado Dawn’s 501(c)(4), at $872,000 for text messages and campaign flyers in support of the school choice amendment on the November ballot. Colorado Dawn is a 501(c)(4), […]
CashNews.co Overview: – The Michigan Department of State has flagged the nonprofit Our Home Our Voice (OHOV) for potentially breaching Michigan campaign finance law.– The issue stems from OHOV’s fundraising for the Citizens for Local Choice ballot initiative, aimed at repealing the state’s renewable energy siting law.– Evidence from Facebook posts in November 2022 suggests […]
CashNews.co The SECURE 2.0 Act addresses long-term care insurance. What do I need to know about it? Robert ‘Bob’ Powell answers this question as part of Decoding Retirement’s special segment, Ask Bob. Wells Fargo Head of Advice and Planning Michael Liersch joined Robert ‘Bob’ Powell on Decoding Retirement to provide his keys to retirement planning. […]
CashNews.co Stocks are starting to price in a Trump victory, possibly even a Republican sweep, according to JPMorgan. The recent rally in U.S. equities to all-time highs, and the outperformance of U.S. banks in particular, are among the signs that investors are betting on former President Donald Trump to win the November general election, and […]
CashNews.co Vltava Fund, an investment management company, recently released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. The portfolio had a surprisingly favorable July and a negative September. The last quarter saw significant movements in stocks overall. The first part of August saw the most market volatility. The major […]
CashNews.co Nvidia (NVDA) and Palantir (PLTR) have been two of 2024âs hottest stocks â Nvidiaâs 179.6% year-to-date gain has made it the second-most valuable company in the world by market cap, while Palantirâs 153.3% gain has put it on the map as a mega-cap tech stock to be reckoned with, not to mention a new […]
CashNews.co Donald Trump’s World Liberty Financial Token Sales Hit $220M In First Hour, Website Faces Multiple Outages Donald Trump’s family project World Liberty Financial (WLFI) hit the floors, with its token sale reaching $220 million in value within first hour despite website crashes. What Happened: The WLFI token sale started with more than 344 million […]