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Goldman warns of a Democratic sweep, says Biden tax plan could cut S&P 500 earnings by 12%

36 minutes ago   |   CNBC

The bank listed stocks most sensitive to a potential reversal of President Donald Trump's landmark corporate tax cuts.
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Oil price crash sparks a wave of banking mergers in the Middle East

Oil price crash sparks a wave of banking mergers in the Middle East

1 hour ago   |   RT

As a result of reduced demand and the fallout from the oil price war, Middle East banks are being forced to merge just to stay afloat. The historic oil price crash and Covid-19...
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With Regulatory Guidance, Aegon Includes Bank in Solvency II Calculation

2 hours ago   |   A.M. Best

Aegon N.V. said it will include its bank in the calculation of its group Solvency II ratio under Dutch regulatory guidance, a move that will have negative impact on the...
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Goldman Sachs says S&P 500 earnings per share will plunge 60% this quarter, the biggest decline since 2009

2 hours ago   |   Business Insider   |   2 articles

US banking giant Goldman Sachs says it expects S&P 500 earnings per share to drop 60% in the second quarter, the biggest decline since 2009 during the financial crisis. "If...
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North Dallas Bank & Trust: 2Q Earnings Snapshot

2 hours ago   |   Stl Today   |   2 articles

DALLAS - North Dallas Bank & Trust Co. on Monday reported second-quarter net income of $1.8 million.
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Outer Banks island ravaged by storms and virus restrictions

3 hours ago   |   Chron

OCRACOKE, N.C. - When Hurricane Dorian pounded the wisp of earth that is Ocracoke Island, a wall of Atlantic seawater flooded Bob Chestnut's home, surf shop and four...
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Real estate, bank sectors in Singapore are still competitive, exchange says

3 hours ago   |   CNBC   |   2 articles

Geoff Howie of the Singapore Exchange discusses the competitive outlook for the Straits Times Index and Singapore's banking and real estate sectors.
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PropertyGuru explores Singapore's property buying sentiment in pandemic era

3 hours ago   |   CNBC

Access to financing and lower bank loan rates will be particularly critical to younger buyers in Singapore's property market, as the coronavirus pandemic continues to drive...
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Alt lender SoFi has reignited its plans for a national banking license

Alt lender SoFi has reignited its plans for a national banking license

3 hours ago   |   Business Insider

This story was delivered to Insider Intelligence Fintech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts...
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Central bank stimulus makes people happier and financially better-off, Bank of England study says

4 hours ago   |   Business Insider   |   2 articles

Central bank easing actually improved household well-being and happiness following the global financial crisis, the Bank of England said in a study published Friday. Monetary...
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Tesla becomes 10th largest US company by market value after stock breaks...

Tesla becomes 10th largest US company by market value after stock breaks all-time high

Shares of US electric car maker Tesla extended gains to a fresh record high on Monday, pushing the value of the company past $330 billion. Investors continue to bet that the... Read more ...

Every service Hulu offers begins with a free trial - here's how to get started

Every service Hulu offers begins with a free trial - here's how to get started

Every service Hulu offers begins with a free trial, so you can see if it's right for you before you commit to the monthly spend. Hulu's basic subscription and its ad-free... Read more ...

G2, a software startup that raised $100 million, spent lavishly on things...

G2, a software startup that raised $100 million, spent lavishly on things like a $1 million office staircase. Then it had layoffs and filed for a PPP loan. It shows the challenge of giving startups a coronavirus bailout

Chicago-based software review company G2 raised $100 million in venture capital and had big growth ambitions. It spent like a well-funded company, undergoing a $6 million... Read more ...

4 cities where housing prices are most likely to fall in the next year

4 cities where housing prices are most likely to fall in the next year

A report by CoreLogic predicts home prices will drop more by 6.6% from May 2020 through May 2021. The prediction follows a persistently elevated unemployment rate and a recent... Read more ...

New York & Co. and Fashion to Figure's parent company has filed for bankruptcy

New York & Co. and Fashion to Figure's parent company has filed for bankruptcy

RTW Retailwinds, owner of New York & Co. and Fashion to Figure, has filed for Chapter 11 bankruptcy. The retailer said it expects to close a "significant portion, if not all... Read more ...

Here's Paris Hilton's advice on defining your brand, making smart...

Here's Paris Hilton's advice on defining your brand, making smart investments, and becoming a full-time influencer

Paris Hilton shot to fame as a reality TV star - now, she has 19 product lines, including a perfume collection that has amassed sales of more than $2.5 billion. Recently, she's... Read more ...

Apple allocates its first $400M from $2.5B commitment to address...

Apple allocates its first $400M from $2.5B commitment to address California's housing crisis

Apple announced this morning it's allocating more than $400 million toward affordable housing projects and other homeowner assistance programs in California, as a part of its... Read more ...

Chipotle is testing cauliflower rice in select markets as consumers demand...

Chipotle is testing cauliflower rice in select markets as consumers demand grain-free, low-carb options

Chipotle is testing grain-free cilantro-lime cauliflower rice in select markets beginning on July 15. The option is just four net carbs and will cost diners an additional... Read more ...

On the COVID-19 front, the U.S. has had a massive leadership failure

On the COVID-19 front, the U.S. has had a massive leadership failure

Good morning. The notion of a trade-off between opening the economy and protecting public health has always been a false one. But in the U.S., we are now seeing proof of that... Read more ...

Hot AI startup UiPath just raised $225 million, lifting its valuation to...

Hot AI startup UiPath just raised $225 million, lifting its valuation to $10.2 billion, as its CEO eyes an IPO in early 2021

UiPath raised $225 million in a Series E venture funding, the company said on Monday, boosting its overall valuation to $10.2 billion. The round was led by Alkeon Capital... Read more ...